BJ's Wholesale Club's Q2 Earnings: Revenue And EPS Beat, Digital Sales Boost, Cautiously Hints At Lower End Of Annual EPS Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Benzinga
Financial Performance: BJ's Wholesale Club reported a 4.9% year-over-year revenue growth to $5.205 billion, exceeding analyst expectations, with adjusted EPS of $1.09 also beating estimates. Membership fee income rose by 9.1%, and digital sales increased by 22%.
Market Outlook: The company reaffirmed its fiscal 2024 adjusted EPS guidance of $3.75 to $4.00 and expects comparable club sales (excluding gasoline) to grow by 1% to 2%, despite shares dropping 7.3% in premarket trading.
Analyst Views on CSMD
Wall Street analysts forecast CSMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSMD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.830
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Current: 34.830
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
