BJ's total comparable club sales increased by 3.1% and 2.4% in the second quarter and first six months of fiscal 2024, respectively, compared to the same periods in fiscal 2023.
Retail spending rose modestly in July as consumers shopped for school and college supplies and took advantage of the special in-store and online promotions offered by many retailers.
The company reported a 10% year-over-year growth in GTV, its third straight quarter of positive GAAP net income, and considerable gains in adjusted EBITDA and operating cash flow.