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BJ's Wholesale Club reports 4.4% drop in net income for Q1 FY24 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
BJ's Wholesale Club reported a 4.1% year-on-year sales growth in Q1 FY24, reaching $4.918 billion, surpassing the $4.831 billion analyst estimate. Membership fee income surged 8.6% to $111.4 million, and digitally enabled comparable sales soared 21% Y/Y. Despite a 13.9% drop in operating income, BJ's adjusted EPS of $0.85 beat expectations. The company reaffirmed its FY24 EPS outlook of $3.75-$4.00. ....
Depending on where you’re from, you may have never heard of BJ’s Wholesale Club. But it looks like the retailer is eyeing Fort Worth for a new store. ....