(Boursier.com) — BJ’s Wholesale, the American chain of members-only warehouse clubs, announced for its fourth fiscal quarter adjusted earnings per share of $1.11, an increase of 11% year-over-year, for revenues of $5.36 billion in growth. by 8.7%. The consensus was for $1.06 in adjusted earnings per share on $5.39 billion in revenue. Comparable club sales, excluding gasoline sales, increased 0.5% year-over-year, driven by accelerating traffic. Membership dues revenue increased 6.5% year over year to $108.4 million. The group achieved a renewal rate of full members of 90% for the 2023 financial year. Profit from continuing activities was $145.9 million. BJ’s has opened 6 new clubs and 6 new gas stations since the third quarter.
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