BJ’s Wholesale Club jumps after co lifts FY profit outlook

Shares of discount store BJ’s Wholesale Club BJ.N up 2% at $92.4 premarket after Q3 results

Co posted adj. EPS of $1.16, beating analyst est. of $1.09, helped by strong digital sales growth and higher membership fee income

Co lifted FY adjusted EPS outlook to between $4.3 and $4.4 from prior view of $4.2 to $4.35

“Our business continues to perform well in a volatile environment,” CEO Bob Eddy said. “We are confident that we can be the destination for value and convenience, and we are entering the holiday season with momentum.”

Fourteen of 23 analysts rate stock "buy" or higher, 9 rate it "hold"; median PT at $115 - data compiled by LSEG

BJ stock up 1.39% YTD, as of last close