BJ’s Wholesale Club earnings top estimates

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BJ’s Wholesale Club Inc. stock rose in premarket trade Thursday, after the company posted better-than-expected earnings for its fiscal fourth quarter. The...

BJ’s Wholesale Club Inc. stock BJ rose in premarket trade Thursday, after the company posted better-than-expected earnings for its fiscal fourth quarter. The company had net income of $129.8 million, or 95 cents a share, for the quarter to Jan. 28, up from $107.6 million, or 78 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.00, ahead of the 88 cent FactSet consensus. Sales rose 13.2% to $4.828 billion from $4.264 billion, also ahead of the $4.

8 million, or 95 cents a share, for the quarter to Jan. 28, up from $107.6 million, or 78 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.00, ahead of the 88 cent FactSet consensus. Sales rose 13.2% to $4.828 billion from $4.264 billion, also ahead of the $4.786 billion FactSet consensus. Same-store sales rose 9.8% to beat the 5.5% FactSet consensus.

 

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