BJ's Wholesale stock surges after profit, revenue and same-store sales beat expectations

Shares of BJ's Wholesale Club Holdings Inc. /zigman2/quotes/203668982/composite BJ +6.32% surged 3.9% in premarket trading Thursday, after the membership-based warehouse retailer reported fiscal first-quarter profit, revenue and same-store sales that rose above expectations. Net income for the quarter to April 30 rose to $112.5 million, or 82 cents a share, from $81.6 million, or 59 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 87 cents beat the FactSet consensus of 72 cents. Revenue grew 16.2% to $4.50 billion, above the FactSet consensus of $4.24 billion. Total same-store sales jumped 14.4%, and increased 4.1% when excluding gasoline sales, while the FactSet consensus was 3.9% growth. Cost of sales increased 18.0% to $3.71 billion, with gross margin contracting to 17.6% from 18.8%. The company affirmed its fiscal 2022 EPS outlook for flat versus a year ago. The stock has dropped 20.2% year to date through Wednesday, while shares of rival Costco Wholesale Corp. /zigman2/quotes/201191698/composite COST +1.97% has tumbled 24.4% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +3.06% has lost 17.7%.

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BJ's Wholesale Club Holdings Inc.

US : U.S.: NYSE

$ 65.43

+3.89 +6.32%

Volume: 18.43M

June 24, 2022 4:01p

P/E Ratio

19.67

Dividend Yield

N/A

Market Cap

$8.84 billion

Rev. per Employee

$490,215

/zigman2/quotes/201191698/composite

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Costco Wholesale Corp.

US : U.S.: Nasdaq

$ 484.37

+9.37 +1.97%

Volume: 2.86M

June 24, 2022 4:00p

P/E Ratio

38.15

Dividend Yield

0.74%

Market Cap

$214.56 billion

Rev. per Employee

$680,309

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

3,911.74

+116.01 +3.06%

Volume: 3.46B

June 24, 2022 5:05p