BJ’s Wholesale Club Holdings Inc. has reported third-quarter profit and revenue that topped expectations and raised its outlook as it continues to expand its footprint.
The membership-based warehouse club retailer reported that its net income rose to $129.9M, or 95 cents a share, for the quarter ended 29 October, compared to $126.5M, or 92 cents a share, in the year-ago period. Adjusted earnings per share came in at $0.99, beating estimates of $0.84.
“Our consistent focus on delivering value to our members at a time when they need it most will bolster our business for the future,” said Bob Eddy, President and CEO, BJ’s Wholesale Club. “Our member base is growing in both size and quality. We are improving our merchandising to deliver amazing value. We are offering more convenience for our members through a great digital experience. We are expanding our footprint into new and existing markets.”
