Detailed Analysis of BJ's Wholesale Club (BJ) Q1 2024 Performance
Friday, 24 May 2024, 14:42
BJ's Wholesale Club (BJ) Q1 2024 Earnings Report
Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) reported its financial results for the first quarter of 2024, showcasing a rise in net sales.
Key Highlights:
- Revenue: Net sales increased by 4% annually to $4.81 billion.
- Earnings Per Share (EPS): Q1 EPS dropped 2.4% to $0.83; adjusted EPS remained stable at $0.85.
- Net Income: Net income was $111 million, down 4.4% from the previous year.
- Comparable Sales: Comparable club sales rose by 1.6% year-over-year and by 0.6% excluding gasoline sales.
- Digital Sales: Digitally enabled comparable sales growth soared by 21.0% in Q1.
- Expansion: BJ’s opened one new club and one gas station during the quarter.
Stay informed on the latest performance of BJ's Wholesale Club by reading the full report.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.