BJ's Wholesale Club Q2 Earnings Top Estimates

BJ's Wholesale Club Holdings Inc BJ reported second-quarter FY21 total revenue growth of 5.6% year-on-year, to $4.18 billion, beating the analyst consensus of $3.77 billion.
Comparable sales increased by 4.0%, reflecting two-year stacked comp of 21.2%.
Comparable club sales, excluding gasoline sales, decreased by 3.4%, reflecting two-year stacked comp of 20.8%.
Gross profit rose 0.9% Y/Y to $763.5 million with a margin of 18.3%.
The operating margin was 3.9%, and operating income for the quarter was nearly flat at $163.78 million.
BJ's Wholesale Club held $42.4 million in cash and equivalents as of July 31, 2021.
Cash provided by operating activities for the six months totaled $559 million.
Adjusted EBITDA of $220.14 million increased 1.5% Y/Y.
Adjusted EPS of $0.82 beat the analyst consensus of $0.63.
"We drove outstanding membership results, expanded our market share, and continued to benefit from elevated consumer spending trends," said CEO Bob Eddy.
BJ's Wholesale Club continues to refrain from offering formal guidance, citing uncertainty associated with the evolution of the pandemic.
Price Action: BJ shares traded higher by 3.95% at $53.98 on the last check Thursday.

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