BJ's Wholesale predicts profit surge in 2020
Same-store sales, an industry benchmark, may climb 2%
BJ's Wholesale Club Holdings Inc. forecast growth in profits and sales for the new fiscal year after reporting more modest fourth-quarter results than a year ago.
The company on Thursday said it expects net income of between $214 million and $237 million in the fiscal year, a range that marks growth on the $187.2 million achieved in 2019.
| Ticker | Security | Last | Change | Change % |
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| BJ-US | NO DATA AVAILABLE | - | - | - |
Earnings per share are forecast at between $1.55 and $1.72, compared with $1.35 in the last fiscal year.
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BJ's said it expects net sales of between $13.1 billion and $13.3 billion, higher than the $12.89 billion it reported for the prior year.
It said it expects same-store sales excluding gas to grow by between 1% and 2%.