BJ's Q1 adj EPS $0.85 flat YoY; net income down 4.4%, comp sales +1.6%

BJ's Wholesale Club Holdings, Inc.

2024-Q1 EPS reported $0.83 revenue$4,918,519,000

Net income $111.0M vs $116.1M YoY; GAAP EPS $0.83 vs $0.85; adjusted EPS $0.85 flat.
Total revenues $4.92B (+4.1% YoY); membership fee income $111.4M (+8.6%).
Comparable club sales +1.6% (ex-gas +0.6%); digitally enabled comp sales +21%.
Merchandise gross margin rate down 50 bps; SG&A rose to $721.8M on labor and occupancy.
Repurchased 405K shares for $30.2M; FY2024 outlook unchanged.

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