By Denny Jacob
BJ's Wholesale Club saw increases to its top and bottom lines in its latest quarter, signaling its offerings continue to resonate with consumers looking for value at a time when tariffs have stoked concerns about higher prices.
The Marlborough, Mass., warehouse club on Thursday said it recorded net income of $149.8 million, or $1.13 a share, for the first quarter ended May 3, up from $111 million, or 83 cents a share, in the prior-year period.
Stripping out certain one-time items, earnings came in at $1.14 a share. Analysts polled by FactSet expected 92 cents a share.
Revenue rose to $5.15 billion from $4.92 billion. Analysts polled by FactSet expected $5.19 billion.
Same-store sales increased 1.6% year over year. Excluding gasoline, same-store sales rose 3.9% during the same period, with gains coming from a rise in traffic.
Chief Financial Officer Laura Felice said the company remains focused on its long-term priorities to drive continued traffic and market-share gains.
BJ's maintained its outlook for fiscal 2025.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 22, 2025 07:11 ET (11:11 GMT)
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