BJ's Quarterly Earnings: Performance Versus Expectations

BJ's Wholesale Club witnessed a revenue increase to $5.36 billion in the quarter that concluded January 2024, rising 8.7% compared to the same time frame the previous year. BJ's earnings per share (EPS) also saw growth, climbing to $1.11 from $1.00 in the year-ago quarter.

When matched against the Zacks Consensus Estimate, BJ's reported revenue was slightly lower, missing the mark by a mere -0.32% with expectations set at $5.37 billion. The earnings surprise was on the positive side, with the company's EPS beating the consensus estimate of $1.06 by +4.72%.

It's not just the headline numbers that matter; analyzing a company's major metrics against analyst projections and last year's performance can offer deeper insight into its health and trajectory. BJ's has demonstrated several key figures that provide a detailed look into their business operations.

Comparison to Estimates and Past Performance

BJ's specifics for the recently concluded quarter included:

• Warehouse Club Count: Matching analyst expectations, the company maintained its count at 244 locations.
• Comparable Club Sales: BJ's matched the -0.4% projected change in comparable club sales, aligning with analysts' average estimate.
• Gas Stations: The company increased its number of gas stations to 175, surpassing the estimate of 174.
• Net Sales: Net sales reached $5.25 billion, slightly below the anticipated $5.27 billion.
• Membership Fee Income: Membership fees slightly exceeded expectations, bringing in $108.41 million over the forecasted $107.83 million.

BJ's stock has experienced a positive trend, with a +9.3% return over the previous month. This performance outpaces the Zacks S&P 500 composite's change of +3.2%. With a current Zacks Rank of #3 (Hold), BJ's is expected to perform on par with the broader market in the immediate future.

Earnings, Retail, Analysis