BJ's Wholesale Club (BJ) reported earnings on Tue 28 August 2018 (b/o)

** charts 1 day after earnings **

WESTBOROUGH, Mass. (AP) _ BJ's Wholesale Club Holdings Inc. (BJ) on Tuesday reported a loss of $5.6 million in its fiscal second quarter.

On a per-share basis, the Westborough, Massachusetts-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 31 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The wholesale membership warehouse operator posted revenue of $3.31 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.28 billion.

BJ's expects full-year earnings in the range of $1.17 to $1.24 per share, with revenue in the range of $12.6 billion to $12.7 billion.

BJ : 2-month performance

BJ's Wholesale Club (BJ) began trading on the NYSE on 28 June 2018

BJ's Wholesale Club Holdings, Inc. operates as a warehouse club on the East Coast of the United States.  BJ's was acquired in 2011 by two private equity firms, Leonard Green & Partners and CVC Capital Partners.

• Sector: Consumer Cyclical
• Industry: Specialty Retail
• Full Time Employees: 26,520
• As of February 3, 2018, it operated 215 clubs and 133 gasoline stations.
• HQ: Westborough, Massachusetts.
• http://www.bjs.com

Opened for trading at $21.25 after pricing IPO at $17
Offer size:  $733 million

BJ's Wholesale Club to offer 37.5 million shares in IPO

BJ's Wholesale Club (BJ) set terms for its planned initial public offering on Monday, saying in a regulatory filing that it plans to offer 37.5 million shares priced at $15 to $17 a pop.

The anticipated pricing values the warehouse club operator at a market cap of up to $2.15 billion.

At the top end of that range, the offering of 37.5 million shares would raise $637.5 million.

The company, which was taken private in 2011 for $2.8 billion, filed with regulators to go public for the second time last month.

It owns 215 warehouse clubs, mainly on the U.S. east coast, and competes with Costco Wholesale and Walmart's Sam's Club.

The wholesaler is planning to list on the New York Stock Exchange under the ticker symbol "BJ."

BofA Merrill Lynch, Deutsche Bank, Goldman Sachs and JPMorgan are lead managers on the deal, with another 10 banks acting as co-managers. Underwrites will have the option to purchase up to 5.6 million additional shares for a period of 30 days.

BJ's Wholesale Club prepares for an IPO

Firms that own BJ's Wholesale Club are readying an initial public offering in the coming months, The Wall Street Journal reports.
The company's filed confidential registration and could start trading as soon as May, according to the report.

It's owned by private-equity firms Leonard Green & Partners and CVC Capital Partners, which are looking to raise at least $400M, valuing the business at $2B-$3B.

They started talking about a sale or IPO of BJ's last year, only to find other PE firms as interested buyers.