Thursday, May 21, 2020

BJ’s Q1 same-store sales jump a record 27%

Chain Store Age
BJ's Wholesale Club reported profit and sales that topped analyst expectations amid surging online sales and a spike in new members during the pandemic.

The membership-based warehouse retailer reported that its total revenue increased 20.8% to $3.80 billion for the quarter ended May 2, above estimates of $3.32 billion, as net sales rose 21.1% and membership fee income increased 8.4%. . . . more