BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares are trading lower after reporting its second-quarter financial results.
Revenue growth of 4.9% Y/Y to $5.205 billion, beating the analyst consensus estimate of $5.145 billion. Total comparable club sales increased by 3.1%. Comparable club sales, excluding gasoline sales, increased by 2.4%.
Membership fee income increased by 9.1% Y/Y to $113.1 million. Digitally enabled comparable sales climbed 22.0%. Gross profit rose to $956.6 million from $896.8 million a year ago. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, increased by 10 basis points Y/Y.
Operating income for the quarter increased 1.7% Y/Y to $203.7 million. Adjusted EBITDA increased 4.9% Y/Y to $281.3 million. Adjusted EPS of $1.09 beat the analyst consensus estimate of $1.00.
BJ’s Wholesale Club held $38.0 million in cash and ...
