earnings
confidence high
sentiment positive
materiality 0.75
BJ's Q3 EPS $1.17 (+20.6% YoY); raises FY24 adj EPS guidance to $3.90-$4.00; announces membership fee hike
BJ's Wholesale Club Holdings, Inc.
2024-Q3 EPS reported
$3.08
revenue$15,223,278,000
- Net sales $4,984M (+3.4% YoY); membership fee income $115M (+8.4%); comp sales ex-gas up 3.8%.
- Diluted EPS $1.17 vs $0.97; adjusted EPS $1.18 vs $1.00; both beat prior year.
- Raises FY24 comp ex-gas guidance to 2.3-2.4% from high-end of 1-2%; FY24 adj EPS guidance $3.90-$4.00 (prev low-end of $3.75-$4.00).
- Membership fee increase effective Jan 1, 2025: Club to $60/yr, Club+ to $120/yr (first hike in 7 years).
- Board approves new $1B share repurchase program expiring Jan 2029; Q3 bought $58.2M in shares.