What Results From BJ’s Wholesale Could Mean for Costco’s Earnings
The earnings reports this week by retailers that stayed open through the COVID-19 pandemic have surpassed many investors' high expectations. Walmart (NYSE: WMT), Target, and Lowe's all announced record sales growth despite more-limited operating hours. The companies took the opportunity to further establish their multichannel selling platforms and cement their positions as essential shopping outlets.
BJ's Wholesale (NYSE: BJ) was no exception to those positive trends, reporting on Thursday that e-commerce sales jumped over 300% to push comparable-store sales far higher in the first quarter of 2020.
Let's look at those metrics with an eye toward what they might mean for the upcoming earnings report from Costco (NASDAQ: COST), due out on Thursday, May 28.
Source Fool.com
