MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — BJ’s Wholesale Club Holdings Inc. (BJ) on Thursday reported fiscal second-quarter earnings of $145 million.
The Marlborough, Massachusetts-based company said it had net income of $1.08 per share. Earnings, adjusted for restructuring costs, came to $1.09 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The wholesale membership warehouse operator posted revenue of $5.21 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.16 billion.
BJ’s expects full-year earnings in the range of $3.75 to $4 per share.
BJ’s shares have increased 31% since the beginning of the year. The stock has climbed 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BJ at https://www.zacks.com/ap/BJ
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