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BJ’s achieves balance as retail sector shipping boom outstrips sales

Cons. Discr. - Apparel 391 Cons. Discr. - Durables 369 Cons. Discr. - Retailing 336 Earnings 515 Quote Watch 284 U.S. 4753

BJ’s Wholesale reported 15.6% growth in its fiscal Q3’20 (Oct. 31) revenues. That was 2.4% better than analysts’ estimates and was the result of the firm continuing “mitigate supply chain challenges” in the home / personal care segment according to CEO Lee Delaney. U.S. seaborne imports linked to the firm increased by 23.0% year over year in October after a 15.6% improvement in calendar Q3’20. So far the firm does not yet have confidence to release an outlook statement due to uncertainties linked to the pandemic. At the industry level, the National Retail Federation expects holiday seaso...

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