BJ's Wholesale Club announces new buyback after earnings beat
BJ's Wholesale Club Holdings Inc. BJ, -2.60% posted stronger-than-expected earnings for its third quarter on Thursday and said its board has approved a share buyback program of up to $500 million. The Westborough, Mass.-based wholesaler posted net income of $126.5 million, or 92 cents a share, for the quarter, up from $122.8 million, or 88 cents a share, in the year-earlier period. Adjusted per-share earnings came to 91 cents, well ahead of the 81 cent FactSet consensus. Revenue rose to $4.
"Our business accelerated during Q3 on broad based strength, and we saw growth in all of our divisions, with acceleration in traffic and ticket, growth in digitally-enabled sales and conventional sales, all underpinned by strong membership statistics in both new and tenured members," Chief Executive Bob Eddy said in a statement. Same-store sales rose 13.1% to beat the FactSet consensus for a 1.7% decline.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WMT Stock Price | Walmart Inc. Stock Quote (U.S.: NYSE) | MarketWatchWMT | Complete Walmart Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Leer más »
Target tops earnings estimates, but shares fall as retailer focuses on keeping customer prices lowEARNINGS: Target's Q3 results top estimates. -Earnings per share: $3.03 adjusted vs. $2.83 expected -Revenue: $25.65 billion vs. $24.78 billion BeckyQuick has more.
Leer más »
Kane Brown Banks 10th Hot Country Songs Top 10 With 'One Mississippi'Kane Brown ups his career top 10 count to 10 on Hot Country Songs chart with 'One Mississippi.'
Leer más »
Victoria's Secret stock soars 12% on profit beatShares of Victoria's Secret & Co. jumped more than 15% in the extended session Wednesday after the apparel maker reported quarterly profit above estimates...
Leer más »
For Mets, It’s About Lost Time, Not Noah SyndergaardThe Los Angeles Angels announced Tuesday they’d signed Syndergaard to a one-year, $21 million contract, topping the offer he had received from the Mets
Leer más »
Royal Mail to return over $500 mln to shareholders after strong H1Britain's Royal Mail said on Thursday it would return 400 million pounds ($539.84 million) to shareholders after the postal company forecast higher annual earnings in its UK business following a strong first half.
Leer más »