Categories Consumer, Earnings

Earnings Summary: BJ’s Wholesale Club (BJ) reports Q3 2023 earnings

Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has announced results for the third quarter of 2023, reporting a modest increase in net sales.

  • Q3 comparable club sales, excluding gasoline sales, remained approximately flat year-over-year
  • Earnings per share were $0.97 and adjusted earnings per share $0.98, vs. $0.95 and $0.99 respectively last year
  • Net sales increased 2.8% annually to 4.82 billion in Q3 from $4.69 billion last year
  • Digitally enabled comparable sales growth was 16.0% year-over-year
  • Membership fee income increased by 6.6% year-over-year to $106.1 million
  • Income from continuing operations edged down 1% annually to $130.5 million
  • Adjusted EBITDA was $274.9 million, up 1% year-over-year

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