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BJ’s Wholesale Club Navigates Challenges: Q1 Earnings Beat Estimates Amid Mixed Financial Metrics

BJ's Wholesale Club reported a 4.1% year-on-year sales growth in Q1 FY24, reaching $4.918 billion, surpassing the $4.831 billion analyst estimate. Membership fee income surged 8.6% to $111.4 million, and digitally enabled comparable sales soared 21% Y/Y. Despite a 13.9% drop in operating income, BJ's adjusted EPS of $0.85 beat expectations. The company reaffirmed its FY24 EPS outlook of $3.75-$4.00.

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