BJ's Wholesale Club Holdings, Inc

BJ NYSE
BJ
BJ's Wholesale Club Holdings, Inc NYSE
 
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Upcoming Earnings
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Important events

May 202022

BJ’s blowout earnings

BJ’s Wholesale Club ends a dramatic week of retail earnings on a positive note, reporting a rare (for this szn anyway) beat on both ends.

  • BJ's shares blew up by 7.5% on Thursday in its best day of 2022, a much needed boost after falling 16% on Wednesday as the retail sector felt pressure from Target’s earnings fail. It came after the wholesaler beat on both ends with EPS of $0.87 on revenues that jumped 16% to hit $4.5bn.
  • It found the silver lining of high gasoline prices. The national average for a gallon of gas hit a new high on Thursday, which isn’t great news for anyone except those that sell gas like BJ’s – total comparable club sales lifted by 14.4% YoY, but only 4.1% if you exclude gasoline sales.
  • Bargain hunting shoppers (of which there are many rn) helped too. BJ’s saw a nearly 12% increase in membership fee income, as well as 26% growth in digital sales. The company’s wholesale business model is extra attractive in the current inflationary environment, and its ability to keep prices low despite the economy left investors excited.
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Marty Finney / Unsplash

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