BJ's Wholesale Club Reports Mixed Q3 Results

BJs Wholesale Club reported a slight dip in profit for Q3, despite a 4.9% increase in total revenue to $5.35 billion. Membership-fee income surged by 9.8% to $126.3 million, driven by new members and higher-tier plans. Comparable-club sales, excluding gasoline, rose by 1.8%. However, expenses rose, impacting the bottom line, with Selling, General, and Administrative expenses increasing to $788.2 million. Despite this, BJs is heading into the holiday season with good momentum and has updated its outlook for the full year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.