Share via Email


* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is 3.234.212.253)
* Email Subject: (personalize your subject)


Email Content:
Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

BJ's Reports on Third Quarter Results

11/22/2020

In a release dated November 19th, BJ's Wholesale Club Holdings Inc. (BJ) reported results for the third quarter ended October 31, 2020. For the period, the company reported net income of $122.8 million on total revenues of $3,731 million with an EPS of $0.88.  Comparable values for the third quarter of fiscal 2019 ending November 2nd were net income of $55.09 million on total revenue of $3,229 million with an EPS of $0.40.

 

Comparable club store-sales (excluding gasoline) increased by 18.5 percent with a 200 percent increase in digital sales compared with the corresponding 3rd quarter of 2019.

 

Lee Delaney, president and CEO stated, "our recent quarter was another remarkable quarter with robust comparative growth, significant market share gains and record profitability.  As we look ahead, we are confident our business will continue to thrive given the structural shift in consumer behavior, our market share gains and our strategic investment in digital capabilities, membership, assortment, marketing and geographic expansion".

 

BJ has a market capitalization of $6.15 billion and has traded over the past 52 weeks over a range of $18.842 to $47.46 with a 50-day moving average of $40.61.  Return on assets over the trailing twelve months was 6.1 percent.  The company generated an operating margin of 3.5 percent and a profit margin of 2.1 percent.


 
Copyright © 2024 Simon M. Shane