BJ's Wholesale Club Q2 Sales Rise 1.4% to $5.2B
Ticker: BJ · Form: 10-Q · Filed: 2024-08-29T00:00:00.000Z
Sentiment: neutral
Topics: earnings, retail, sales-growth
Related Tickers: COST, BBY, WMT
TL;DR
BJ's Q2 sales hit $5.2B, up 1.4%. Net income $147.7M. Steady growth.
AI Summary
BJ's Wholesale Club Holdings, Inc. filed its 10-Q for the period ending August 3, 2024. The company reported net sales of $5.2 billion for the second quarter of fiscal year 2024, a 1.4% increase compared to the same period last year. Comparable club sales, excluding gasoline, increased by 0.4%. Net income for the quarter was $147.7 million.
Why It Matters
This filing provides insight into BJ's recent financial performance, indicating continued sales growth and profitability in a competitive retail environment.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- $5.2B — Net Sales (Q2 FY2024 net sales, a 1.4% increase year-over-year.)
- 0.4% — Comparable Club Sales (Increase in comparable club sales, excluding gasoline, for Q2 FY2024.)
- $147.7M — Net Income (Q2 FY2024 net income.)
Key Players & Entities
- BJ's Wholesale Club Holdings, Inc. (company) — Filer
- August 3, 2024 (date) — Reporting period end date
- $5.2 billion (dollar_amount) — Net sales for Q2 FY2024
- 0.4% (dollar_amount) — Comparable club sales increase (excluding gasoline)
- $147.7 million (dollar_amount) — Net income for Q2 FY2024
FAQ
What were BJ's total net sales for the second quarter of fiscal year 2024?
BJ's Wholesale Club Holdings, Inc. reported total net sales of $5.2 billion for the second quarter of fiscal year 2024.
How did comparable club sales perform in Q2 FY2024, excluding gasoline?
Comparable club sales, excluding gasoline, increased by 0.4% for the second quarter of fiscal year 2024.
What was the net income for BJ's Wholesale Club in the reported quarter?
The net income for BJ's Wholesale Club Holdings, Inc. for the second quarter of fiscal year 2024 was $147.7 million.
What is the reporting period for this 10-Q filing?
This 10-Q filing reports on the period ending August 3, 2024.
What was the percentage change in net sales compared to the prior year's second quarter?
Net sales for the second quarter of fiscal year 2024 increased by 1.4% compared to the same period last year.
From the Filing
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