BJ’s Wholesale Club (NYSE: BJ) 1Q19 Results: Beats Consensus on Revenues, Maintains Guidance

Executive Summary

• BJ’s Wholesale Club reported 1Q19 adjusted EPS of $0.26, up 63.8% and beating the consensus estimate $0.25. Revenues were $3.14 billion, up 2.7% and ahead of the $3.05 billion consensus estimate.
• Comp sales excluding gasoline were up 2.0% from last year and ahead of the consensus estimate of 1.5%.
• The company maintains FY19 guidance of net sales of $12.9-2 billion and a net income of $200-212 million.