BJ's Wholesale Club Affirms FY24 Adj EPS Guidance Of $3.75-$4.00 Vs $3.93 Estimate
Portfolio Pulse from Benzinga Newsdesk
BJ's Wholesale Club has reaffirmed its fiscal year 2024 adjusted EPS guidance of $3.75 to $4.00, aligning closely with the $3.93 estimate. The company anticipates a 1% to 2% increase in comparable club sales, excluding gasoline, driven by traffic, unit growth, and a strong perishables business. Merchandise gross margins are expected to remain flat year-over-year.
August 22, 2024 | 10:47 am
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BJ's Wholesale Club has reaffirmed its FY24 adjusted EPS guidance of $3.75-$4.00, close to the $3.93 estimate. The company expects 1-2% growth in comparable club sales, excluding gasoline, driven by traffic and perishables. Merchandise gross margins are expected to remain flat.
The reaffirmation of the EPS guidance suggests stability in BJ's financial outlook, aligning closely with market expectations. The anticipated sales growth and flat gross margins indicate a steady performance, but not enough to significantly move the stock price in the short term.
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