Americans are stocking up at Costco as coronavirus fears continue. FOX Business’ Kristina Partsinevelos with more.
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.
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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 % |
|---|---|---|---|---|
| BJ-US | n.a. | n.a. | n.a. | n.a. |
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%.
