BJ's Wholesale Club Q2 Comp Club Sales +3.1% Y/Y, Comp Club Sales Ex-Gas +2.4%, Digital Comparable Sales +22%
Portfolio Pulse from Benzinga Newsdesk
BJ's Wholesale Club reported a 3.1% increase in comparable club sales year-over-year for Q2, with a 2.4% rise excluding gasoline. Digital sales surged by 22%, and membership fee income grew by 9.1% to $113.1 million. Earnings per share were $1.08, with adjusted earnings at $1.09.
August 22, 2024 | 10:46 am
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BJ's Wholesale Club reported strong Q2 results with a 3.1% increase in comparable sales, a 22% rise in digital sales, and a 9.1% increase in membership fee income. Earnings per share were $1.08, slightly adjusted to $1.09.
The positive growth in comparable sales, especially the significant increase in digital sales and membership fee income, suggests strong operational performance. This is likely to positively impact BJ's stock price in the short term as it indicates robust consumer engagement and effective digital strategy.
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