MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — BJ’s Wholesale Club Holdings Inc. (BJ) on Friday reported fiscal first-quarter net income of $142.7 million.
On a per-share basis, the Marlborough, Massachusetts-based company said it had net income of $1.10.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The wholesale membership warehouse operator posted revenue of $5.53 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $5.44 billion.
BJ’s expects full-year earnings in the range of $4.40 to $4.60 per share.
BJ’s shares have increased nearly 5% since the beginning of the year. The stock has decreased 20% in the last 12 months.
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