BJ’s: Fiscal 2Q Earnings Snapshot
WESTBOROUGH, Mass. (AP) _ BJ’s Wholesale Club Holdings Inc. (BJ) on Thursday reported fiscal second-quarter net income of $54.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Westborough, Massachusetts-based company said it had profit of 39 cents.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The wholesale membership warehouse operator posted revenue of $3.35 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $3.4 billion.
BJ’s expects full-year earnings to be $1.42 to $1.50 per share, with revenue in the range of $12.9 billion to $13.2 billion.
BJ’s shares have risen almost 2% since the beginning of the year. The stock has decreased 15% in the last 12 months.