BJ’s Wholesale reports Q4 adjusted EPS $1.11, consensus $1.06

Reports Q4 revenue $5.36B, consensus $5.39B. Comparable club sales, excluding gasoline sales, increased by 0.5% year-over-year led by accelerating traffic. “We ended fiscal 2023 on a strong note,” said Bob Eddy, Chairman and Chief Executive Officer, BJ‘s Wholesale Club. “Our membership grew in robust fashion and we continue to retain members at all-time high rates. We delivered impressive market share gains in our clubs and at our gas pumps, driven by acceleration in traffic and growth in units sold. We improved our merchandising and value proposition meaningfully during the year and increasingly delivered both with greater convenience through our digital offerings. We also continued to grow our chain with six new clubs since the third quarter. I’m proud of our team and our progress and look forward to more growth in the future.”