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BJ's Wholesale Club Posts Q4 Results

03/07/2021

On March 4th, BJ's Wholesale Club Holdings Inc. (BJ) announced results for Q4 ending January 30, 2021. For the period, the company earned $95.82 million on revenue of $3.95 billion with an EPS of $0.69.  Comparable figures from Q4 FY 2019 were net earnings of $41.76 million on revenue of $3.47 billion with an EPS of $0.30. During the quarter, comparable club store sales increased by 15.9 percent compared to Q4 of FY 2019.  Digital sales increased by 168 percent.

 

For FY 2020, the company earned $421.03 million on revenue of $15.43 billion with an EPS of $3.03.  For FY 2019, earnings attained $187.18 million on total revenue of $13.191 billion with an EPS of $1.35.

 

In commenting on FY 2020, Lee Delaney, president and CEO stated, "2020 was a remarkable transformative and challenging year that structurally changed our business for the better.  While the unique circumstances brought on by the pandemic provided tailwinds, our industry-leading results and significant market share gains demonstrated the strength of our execution in these challenging times".  He added, "as we look ahead, we are confident our business will continue to thrive over the long-term given structural shifts in consumer behavior".

 

On January 30th 2021 the company posted total assets of $5.412 billion and carried long-term debt and lease liabilities of $2.85 billion. BJ's has a market capitalization of $5.24 billion.  The company has traded over the past fifty-two weeks in a range of $37.15 to $38.93 with a 50-day moving average of $42.34.

 

Over the trailing twelve-month period, operating margin was 4.0 percent and profit margin 2.5 percent.  Return on assets was 6.8 percent and return on equity, 6.5 percent.  BJ is heavily shorted with 14.9 percent of float short as of February 12th.  Despite exceeding consensus estimates on the top and bottom line, BJ declined 1.7 percent on a down-market day following the release of Q4 and FY 2000 results.