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BJ’s Wholesale Club (BJ) 3Q18 Results: Beats Consensus and Raises Guidance

Executive Summary

  • BJ’s Wholesale Club reported 3Q18 adjusted EPS of $0.39, up 53.1% year over year and beating the $0.34 consensus estimate. Revenues were $3.22 billion, up 4.5% year over year and beating the $3.17 billion consensus.
  • Comps excluding gasoline increased 1.9%.
  • The company raised full-year guidance across the board and now predicts adjusted EPS of $1.22–$1.26, up from $1.17–$1.24; revenues of $12.65–$12.75 billion, up from $12.6–$12.7 billion; and, comps of 1.9%–2.1%, up from 1.8%–2.1%.

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