BJ's Wholesale Q1 diluted EPS $0.83, down from $0.85; fiscal 2024 outlook unchanged
BJ's Wholesale reported first quarter fiscal 2024 total revenues of $4.92 billion, up 4.1%, but net income fell 4.4% to $111.0 million and diluted EPS declined to $0.83 from $0.85. Operating income dropped 13.9%, and the company said its fiscal 2024 outlook is unchanged.
- Total revenues rose 4.1% to $4.92 billion; net sales rose 4.0% to $4.81 billion
- Operating income fell 13.9% to $160.8 million; net income fell 4.4% to $111.0 million
- Diluted EPS was $0.83 versus $0.85; adjusted EPS was flat at $0.85, excluding a $3.3 million restructuring charge
- Company repurchased 405,110 shares for $30.2 million; fiscal 2024 outlook is unchanged