=BJ's Wholesale (BJ) reported earnings on Tue 20 Nov 2018 (a/h)

BJ's Wholesale beats by $0.06, beats on revs; guides FY19 EPS above consensus, raises revs below consensus 

• Reports Q3 (Oct) earnings of $0.39 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.33; revenues rose 4.4% year/year to $3.22 bln vs the $3.16 bln S&P Capital IQ Consensus.
  • Excluding the impact of gasoline sales, merchandise comparable sales increased 1.9% representing the fifth consecutive quarter of positive merchandise comparable sales.
  • Excluding the impact of gasoline sales, merchandise gross margin rate increased by approximately 60 basis points over the third quarter of fiscal 2017 and by approximately 80 basis points over the first nine months of fiscal 2017. 
• Co issues mixed guidance for FY19, sees EPS of $1.22-1.26, excluding non-recurring items, vs. $1.21 S&P Capital IQ Consensus and prior guidance of $1.17-1.24; sees FY19 revs of $12.65-12.75 bln vs. $12.9 bln S&P Capital IQ Consensus and prior guidance of $12.60-12.70 bln.
  • Merchandise comparable store sales, which exclude gasoline, are expected to be up 1.9% to 2.1% versus prior guidance of 1.8% to 2.1%.