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- \nComparable club sales, excluding gasoline sales, increased by 5.7% year-over-year<\/p>\n<\/li>\n<\/ul>\n
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- \nDigitally enabled comparable sales growth was 19.0% year-over-year<\/p>\n<\/li>\n<\/ul>\n
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- \nMembership fee income increased by 6.1% year-over-year to $102.5 million<\/p>\n<\/li>\n<\/ul>\n
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- \nMerchandise gross margin rate increased 100 basis points year-over-year<\/p>\n<\/li>\n<\/ul>\n
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- \nEarnings per diluted share and adjusted earnings per diluted share of $0.85<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nIncome from continuing operations increased by 3.1% year-over-year to $116.0 million<\/p>\n<\/li>\n<\/ul>\n
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- \nAdjusted EBITDA increased by 16.4% year-over-year to $257.0 million<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nThe Company opened two new clubs and three new gas stations<\/p>\n<\/li>\n<\/ul>\n
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- \nThe Company successfully launched its co-branded credit card with Capital One<\/p>\n<\/li>\n<\/ul>\n
MARLBOROUGH, Mass.–(BUSINESS WIRE<\/a>)–
\nBJ\u2019s Wholesale Club Holdings, Inc. (NYSE: BJ) (the “Company”) today announced its financial results for the thirteen weeks ended April 29, 2023.<\/p>\n\n\u201cWe reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel,\u201d said Bob Eddy, President and Chief Executive Officer, BJ\u2019s Wholesale Club. \u201cWe drove topline growth bolstered by robust traffic and share gains. We also made significant improvements on our merchandise margins largely due to waning supply chain pressures and moderating inflation. We remain focused on our strategic priorities and believe that we are well-positioned to maximize long-term shareholder value.\u201d<\/p>\n
Key Measures for the Thirteen Weeks Ended April 29, 2023 (First Quarter Fiscal 2023):<\/b><\/p>\n
- \nThe Company successfully launched its co-branded credit card with Capital One<\/p>\n<\/li>\n<\/ul>\n
- \nThe Company opened two new clubs and three new gas stations<\/p>\n<\/li>\n<\/ul>\n
- \nAdjusted EBITDA increased by 16.4% year-over-year to $257.0 million<\/p>\n<\/li>\n<\/ul>\n
- \nIncome from continuing operations increased by 3.1% year-over-year to $116.0 million<\/p>\n<\/li>\n<\/ul>\n
- \nEarnings per diluted share and adjusted earnings per diluted share of $0.85<\/p>\n<\/li>\n<\/ul>\n
- \nMerchandise gross margin rate increased 100 basis points year-over-year<\/p>\n<\/li>\n<\/ul>\n
- \nMembership fee income increased by 6.1% year-over-year to $102.5 million<\/p>\n<\/li>\n<\/ul>\n
- \nDigitally enabled comparable sales growth was 19.0% year-over-year<\/p>\n<\/li>\n<\/ul>\n
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