BJ’s Wholesale Club Reports Total Revenue Increase of 2.9% for Q3 Fiscal Year 2024

☀️Earnings Overview

BJ’S ($NYSE:BJ): On October 31 2023, BJ’s Wholesale Club reported total revenue of USD 4924.7 million for the third quarter of its fiscal year 2024, a 2.9% increase from the same period one year prior. Net income for the period also increased 0.4%, to USD 130.5 million, compared to the same timeframe in 2023.

Analysis

Investors who are interested in this type of company may find BJ’s Wholesale Club attractive due to its high health score of 8 out of 10 with regard to its cashflows and debt, indicating that the company is capable of safely riding out any crisis without the risk of bankruptcy. BJ’s Wholesale Club also fares well in terms of asset and profitability, and is considered medium in terms of growth. The only area where the company is weak is in dividend. Therefore, investors looking for a moderate-growth company with strong asset and profitability as well as low risk of bankruptcy may find BJ’s Wholesale Club an interesting investment opportunity. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BJ. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BJ. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BJ. More…

Key Ratios Snapshot

Some of the financial key ratios for BJ are shown below. More…

Peers

It is a publicly-traded company and competes with PT Tigaraksa Satria Tbk, Big Lots Inc, and Super Value Co Ltd in the retail market. These companies specialize in providing consumers with a wide variety of products and services at discounted prices.

– PT Tigaraksa Satria Tbk ($IDX:TGKA)

PT Tigaraksa Satria Tbk is a leading Indonesian consumer goods company that produces and distributes a wide range of products. With a market capitalization of 6.61T, it is one of the largest companies in Indonesia. The company’s Return on Equity (ROE) of 20.56% indicates that it is efficiently managing its resources to generate returns for its shareholders. Its impressive ROE has been a key factor in its ability to expand its reach and increase its market share. The company has also been able to differentiate itself from competitors by focusing on innovation, sustainability, and customer satisfaction.

– Big Lots Inc ($NYSE:BIG)

Big Lots Inc is a leading closeout retailer in the United States. It offers various products such as furniture, home décor, electronics, toys, food, and more. As of 2022, the company has a market cap of 480.72M, which reflects its financial performance and growth potential. The Return on Equity (ROE) of the company stands at -12.94%, which is lower than the industry average of 16%. This indicates that the company is not generating adequate returns from its equity investments. Despite this, Big Lots Inc continues to be a leading retailer in the United States and is expected to grow further in the years to come.

– Super Value Co Ltd ($TSE:3094)

Super Value Co Ltd is a multinational retail corporation based in the United States. It is the largest retailer in the world, with over 8,500 stores in more than 15 countries, as well as an online presence in many countries across the globe. As of 2022, Super Value Co Ltd has a market capitalization of 6.95 billion dollars. This indicates that the company is performing well and is highly regarded by investors. Additionally, Super Value Co Ltd has a return on equity of -30.33%. This means that the company has not been able to generate the returns that investors expect from them, which could be indicative of weak management or potential problems with the company’s products and services.

Summary

BJ’s Wholesale Club reported total revenue of USD 4924.7 million and net income of USD 130.5 million for their third quarter of fiscal year 2024, representing a slight increase from the same period a year prior. Investors are likely to be disappointed with the results, as the stock price dropped on the same day. Analysts may be wary of the company’s ability to continue to increase revenues in the future, and will be monitoring its performance in the coming quarters to gauge how well it is doing. Ultimately, investors may choose to invest in BJ’s Wholesale Club if they feel that their performance will improve in the near future.