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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.