Shares of BJ's Wholesale Club Holdings Inc. surged 3.6% in premarket trading Thursday, after the membership-based warehouse retailer reported fiscal first-quarter results that were well above expectations, as the COVID-19 pandemic "increased demand for our services." Net income for the quarter to May 2 rose to $95.7 million, or 69 cents a share, from $35.8 million, or 25 cents a share, in the year ago period. Excluding non-recurring items, adjusted earnings per share came to 69 cents, above the FactSet consensus of 36 cents. Total revenue increased 20.8% to $3.80 billion, above the FactSet consensus of $3.32 billion, as net sales rose 21.1% and membership fee income increased 8.4%. Same-store sales jumped 19.9%, or increased 27.0% excluding gasoline sales, as digitally enables sales rose 350%. The FactSet same-store sales consensus was for 5.8% growth. The stock has run up 35.1% over the past three months through Wednesday, while the S&P 500 has lost 11.0%.
Wall Street liked the look of a 21% jump in sales and 19.9% rise in same-store sales.
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Bull of the Day: BJ's Wholesale (BJ)
Shares of BJ's Wholesale Club (NYSE: BJ) were surging higher in early trading on Thursday, after the company reported record first-quarter earnings for 2020. Strong sales drove operating leverage, leading to a massive increase in profits. Wall Street isn't used to those kind of numbers from a consumer-staple retailer like BJ's Wholesale Club.
Ric Wilson and Terrace Martin have united for a collaborative EP titled They Call Me Disco. The project arrives just weeks after the two delivered the project’s lead single “Chicago Bae” featuring BJ The Chicago Kid.Entirely produced by the Grammy-nominated a…
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) defied analyst predictions to release its first-quarter results, which...
BJ's Wholesale (BJ) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
At the beginning of April, Charli XCX announced a pretty wacky idea: She would be making an album from scratch while in quarantine, and it would be coming out in only a month-and-a-half. "I’m only going to be using the tools I have in my fingertips, the peopl…
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BJ's (BJ) delivered earnings and revenue surprises of 97.14% and 15.25%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
BJ's (BJ) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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Polo G has dropped off an accompanying music video for "Wishing For A Hero," a BJ The Chicago Kid-assisted track off his sophomore album The GOAT. Directed by DrewFilmedIt, the politically charged visual reflects the Chicago rapper's message of African-Americ…
Shares of BJ's Wholesale Club (NYSE:BJ) moved higher by 3.5% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 165.38% over the past year to $0.69, which beat the estimate of $0.34.Revenue of $3,798,000,000 up by 20.84% year over year, which beat the estimate of $3,310,000,000.Guidance Earnings guidance hasn't been issued by the company for now.BJ's Wholesale Club hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 21, 2020View more earnings on BJTime: 08:30 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.bjs.com%2Fevents-and-presentations%2Fevents-calendar%2Fdefault.aspx&eventid=2156737&sessionid=1&key=C651E5DD3A3AA41DC91EEB91470D5AC7®Tag=&sourcepage=registerRecent Stock Performance Company's 52-week high was at $31.1952-week low: $18.84Price action over last quarter: Up 23.71%Company Description BJ's Wholesale Club Holdings Inc is a warehouse club and gas station operator. The company provides various products such as television and electronics, furniture, computers and tablets, appliances, food products and others. It generates its revenue from the sale of merchandise.See more from Benzinga * Recap: Advanced Drainage Systems Q4 Earnings * Hormel Foods: Q2 Earnings Insights * Recap: Capital Senior Living Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Charli XCX is releasing her quarantine album How I'm Feeling Now, which she's been writing and recording in a spontaneous collaborative process including input from her fans and co-executive producers A. G. Cook and BJ Burton, next week. We've already heard t…
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Legendary tattoo artist BJ Betts is bringing the global tattoo community together to support charities that are working hard to make a difference during the coronavirus pandemic. Betts enlisted artists to contribute their own take on the words "KNOW HOPE," al…
With debut album Die A Legend, the downcast and melodious Chicago rapper Polo G established himself as one of the most vital forces in hip-hop. Less than a year later, he's back with THE GOAT, his second album. (In addition to the usual Greatest Of All Time i…
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A two-faced kitten that was born with a rare condition has died after capturing the attention of thousands of adoring fans.The kitten, named Biscuits and Gravy by owners Kyla and BJ King, was born on 20 May in Oregon. He lived to be nearly four days old, said…
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The latest single from the melancholic young Chicago sing-rapper Polo G is called "33." It's named, at least in part, for Scottie Pippen's number. Within the song, that number only functions as a gun-talk punchline: "This new Glock got 33, Scottie Pippen." Bu…
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