BJ’s Wholesale reported Q1 adjusted EPS of 69c versus the consensus estimate of 34c. The company reports Q1 revenue of $3.72B versus the consensus estimate of $3.31B.

Highlights:

  • Comparable club sales, excluding gasoline sales, increased by 27.0%, including digitally enabled sales growth of 350% for the first quarter of fiscal 2020.
  • Income from continuing operations increased by 165.3% year-over-year to $95.7 million, for the first quarter of fiscal 2020.
  • Adjusted EBITDA increased by 56.3% year-over-year to $193.9 million, for the first quarter of fiscal 2020.
  • Earnings per diluted share of $0.69, reflects a 176.0% year-over-year growth.
  • Adjusted earnings per diluted share of $0.69, reflects 165.4% year-over-year growth.
  • Net cash provided by operating activities was $469.9 million and free cash flow was $434.7 million, for the first quarter of fiscal 2020.
  • Company recognizes dedication of BJ’s team members and invests $51 million in wages and bonuses.

On May 14, 2020, Credit Suisse analyst Judah Frommer raised the firm’s price target on BJ’s Wholesale to $31 from $26 ahead of quarterly results. The analyst keeps an Outperform rating on the shares.

Q1 comparable club sales, excluding gasoline sales, increased by 27.0%, including digitally enabled sales growth of 350%. CEO Lee Delaney commented, “While the coronavirus pandemic increased demand for our services, our team’s hard work and the capabilities we have built over the last four years have enabled us to thrive and deliver very strong merchandise comparable sales. Furthermore, we drove earnings and cash flow growth and invested in our team members and our business. These efforts will allow us to continue to build on this momentum and position ourselves for success over the long-term.”

finviz dynamic chart for  bj
close

Don’t miss these catalysts!

We don’t spam! Read our privacy policy for more info.