BJ’s Wholesale Club, the third-largest warehouse club in the US, lifted its full-year outlook today (19 May) after posting a 7% rise in net income.
BJ’s net income rose to US$26.1m for its fiscal first quarter ended 1 May, up from $24.3m lst year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said that revenue, including membership fees, was up 13% to $2.61bn for the period.
Comparable-store sales also rose during the quarter, climbing 7.8% on higher gas prices. Excluding fuel, ID sales rose 4.2%, the company said.
The company said that it expects to see increasing sales of grocery items during the fiscal year.
For the full year, BJ’s raised its earnings outlook to a range of $2.58 to $2.68 per share, up from its precious range of $2.54 to $2.64.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
