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BJ’s reports record sales for Q4, year

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WESTBOROUGH, Mass. — BJ’s Wholesale Club Holdings Inc. on Thursday reported record sales for its fiscal fourth quarter and year.

BJ's logoComparable club sales, excluding gasoline sales, increased by 15.9%, including digitally-enabled sales growth of 168%, for the fourth quarter of fiscal 2020. Income from continuing operations increased 127.3% year-over-year to $95.9 million, for the 13-week period ended January 30. Adjusted EBITDA increased 36.1% year-over-year to $204.5 million.

The company reported earnings per diluted share of $0.69, reflecting 130.0% year-over-year growth. Adjusted earnings per diluted share were $0.70, up 75% versus the 2019 quarter. Net cash provided by operating activities was $ 868.5 million and free cash flow was $ 676.1 million, for fiscal 2020.

“2020 was a remarkable, transformative and challenging year that structurally changed our business for the better,” BJ’s Wholesale Club president and CEO Lee Delaney said. “While the unique circumstances brought on by the pandemic provided tailwinds, our industry-leading results and significant market share gains demonstrate the strength of our execution in these challenging times. We made substantial strategic progress including delivering record membership results, optimizing merchandising, expanding our digital offerings, accelerating our geographic expansion and enhancing our balance sheet.

“As we look ahead, we are confident our business will continue to thrive over the long-term given structural shifts in consumer behavior, the progress we made over the last year and our continued investments.”



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