BJ's Wholesale Club Q1 Results Top Estimates - Quick Facts

(RTTNews) - BJ's Wholesale Club Holdings Inc. (BJ) announced Thursday that net income for the first quarter soared to $95.73 million or $0.69 per share from $35.80 million or $0.25 per share in the prior-year quarter.

Total revenues for the quarter increased 20.8 percent to $3.80 billion from $3.14 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share on revenues of $3.31 billion for the quarter. Analysts' estimates typically exclude special items.

Sales grew 21.1 percent to $3.72 billion as well as membership fee income increased 8.4 percent to $79.57 million from last year.

Comparable club sales for the first quarter increased 19.9 percent from last year. Comparable club sales, excluding the impact of gasoline sales, increased 27.0% compared to the first quarter of fiscal 2019.