BJ’s Wholesale Club prospers during first quarter
BJ’s Wholesale Club Q1 sales rose 9.9% YoY to USD5.52 billion, while total revenues increased 9.9% to USD5.66 billion. Comparable club sales grew 6.3%, or 1.5% ex. gasoline, while digitally enabled LFL sales rose 28%. Membership fee income increased 9.9% to USD132.4 million as signups rose on fuel discounts. Net income fell 4.7% to USD142.7 million, while adjusted EBITDA rose 4.3% to USD298.1 million. (BJ’s Wholesale Club)
