BJ's Wholesale Club (NYSE:BJ) shares were up 2.4% ahead of the bell on Friday, as investors looked past a modest sales miss and focused instead on yet another earnings beat and a second straight upgrade to full-year profit guidance. Comparable-club sales rose 1.8% in the latest quarter, shy of the 2.4% analysts expected and well behind the momentum rival Costco has shown in recent months.
BJ's Wholesale Club (BJ) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.1 per share. This compares to earnings of $1.18 per share a year ago.
BJ's Wholesale's stock gains after profit beat expectations and the full-year outlook was raised again, to offset disappointing growth in a key sales metric.
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BJ eyes higher Q3 revenues, but a potential earnings decline keeps Wall Street watching for surprises.
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BJ's (BJ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Costco remains a stellar business but trades at a stretched valuation, making it a cautious hold for existing shareholders. BJ's Wholesale offers a fairer entry point, with potential upside if it improves operational efficiency and expands its footprint. COST's superior growth, operational excellence, and member loyalty justify its premium, but future returns are limited by its massive scale.
BJ's Wholesale Club posts record membership and double-digit digital sales gains as online tools deepen shopper loyalty.