BJ’s Wholesale reports Q1 adjusted EPS 85c, consensus 83c

Reports Q1 revenue $4.92B, consensus $4.83B. Comparable club sales increased by 1.6% year-over-year. Comparable club sales, excluding gasoline sales, increased by 0.6% year-over-year led by strong traffic and unit growth. “During the first quarter, we delivered strong increases in membership, traffic and unit volumes. This resulted in revenue growth and market share gains in our clubs and at our gas stations. Our merchandising improvements and digital conveniences, grounded in delivering compelling value, are resonating with our members. We are also growing our footprint and remain on track for 12 new club openings this year,” said Bob Eddy, Chairman and Chief Executive Officer, BJ‘s Wholesale Club. “I am proud of our team members for their continued dedication to our purpose of ‘taking care of the families who depend on us’. We remain confident in the long-term growth prospects of our Company.”