Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has announced results for the first quarter of 2024, reporting an increase in net sales.
- Q1 earnings, on a per-share basis, dropped 2.4% to $0.83; adjusted earnings per share remained unchanged at $0.85
- Net income was $111 million in the first quarter, down 4.4% from $116.1 million reported in the year-ago quarter
- Net sales increased 4% annually to $4.81 billion in the April quarter
- Comparable club sales increased by 1.6% year-over-year in the first quarter
- Comparable club sales, excluding gasoline sales, increased by 0.6%, led by strong traffic and unit growth
- Digitally enabled comparable sales growth was 21.0% year-over-year in Q1; membership fee income rose 8.6% to $111.4 million
- During the quarter, merchandise gross margin rate decreased by 50 basis points year-over-year
- The company opened one new club and one new gas station during the three months
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
