AP NEWS

BJ’s: Fiscal 3Q Earnings Snapshot

November 21, 2019

WESTBOROUGH, Mass. (AP) _ BJ’s Wholesale Club Holdings Inc. (BJ) on Thursday reported fiscal third-quarter net income of $55.1 million.

On a per-share basis, the Westborough, Massachusetts-based company said it had profit of 40 cents. Earnings, adjusted for asset impairment costs and to account for discontinued operations, were 41 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The wholesale membership warehouse operator posted revenue of $3.23 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $3.31 billion.

BJ’s expects full-year earnings to be $1.44 to $1.48 per share, with revenue expected to be $12.9 million.

BJ’s shares have climbed 17% since the beginning of the year. The stock has increased 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BJ at https://www.zacks.com/ap/BJ