BJ's Wholesale Club Holdings, Inc. (BJ) said the company reported a record first quarter in net income and adjusted EBITDA, showing the power of its business model and the warehouse club channel. Comparable club sales, excluding gasoline sales, increased by 5.7% year-over-year. Looking forward, the company said its fiscal 2023 outlook on its business remains unchanged given the sustained strength in grocery business and the gains in market share.
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