BUZZ-BJ's Wholesale shares dip after mixed qtr, sales miss

Reuters
23 May
BUZZ-BJ's Wholesale shares dip after mixed qtr, sales miss

** Shares in BJ's Wholesale Club Holdings BJ.N down 0.9% on Thursday after mixed quarterly report with sales missing analyst expectations while profit beat

** The retailer posted revenue of $5.153 bln vs Wall Street consensus estimate of $5.195 bln, while adj EPS of $1.14 was well ahead of Street expectation for $0.92, according to LSEG

** Co CFO Laura Felice said confident in market position and growth drivers that are within co's control: “Based on what we know today, we are leaving our fiscal 2025 guidance unchanged, and will continue to evaluate as the year progresses.”

** Sees comp-club sales, ex gasoline, up 2.0%-3.5% y/y, adj EPS of $4.10 to $4.30, capex of ~$800 million

** Shares last traded at $116.49 vs median PT of $124.50, as per LSEG, which shows 25 analyst ratings: 7 'strong buy,' 7 'buy' and 11 'hold' recommendations

** YTD up ~30.5% vs gain of 5.7% for S&P 400 consumer staples .SPMDCS

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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