Market Updates
BJ's Wholesale Benefits as Consumer Shifts Buying Pattern
Scott Peters
18 Aug, 2022
New York City
BJ's Wholesale Club Holdings Inc increased 8.4% to $74.90 after the company said total comparable club sales increased 19.8% and rose 7.6% excluding gasoline sales from a year ago.
Total sales increased 22.4% to $5 billion and membership fees rose 11.3% to $98.7 million.
Net income increased 27% to $141 million from $111 million a year ago and diluted earnings per share rose to $1.03 from 80 cents a year ago.
BJ's repurchased 353,000 shares of its common stock, totaling $22.8 million in the second quarter.
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