BJ's Wholesale Club Holdings Full Year 2024 Earnings: In Line With Expectations
BJ's Wholesale Club Holdings (NYSE:BJ) Full Year 2024 Results
Key Financial Results
Revenue: US$20.0b (up 3.4% from FY 2023).
Net income: US$523.7m (up 1.8% from FY 2023).
Profit margin: 2.6% (down from 2.7% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: US$3.94 (up from US$3.84 in FY 2023).
BJ Sales Performance
Like-for-like sales growth: 1.7% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
BJ's Wholesale Club Holdings Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
In the last 12 months, the only revenue segment was Club Retail Operations contributing US$20.0b. Notably, cost of sales worth US$16.3b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.84b (91% of total expenses). Explore how BJ's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in the US.
Performance of the American Consumer Retailing industry.
The company's shares are up 5.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for BJ's Wholesale Club Holdings that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
