By Connor Hart

BJ's Wholesale Club is scheduled to report fiscal third-quarter financial results before the market opens Friday. Here is what you need to know:

SAME-STORE SALES: Comparable-club sales, or those from stores and digital channels in operation for at least a year, are expected to climb 2.4%, compared with a 3.8% gain a year earlier, according to analysts surveyed by FactSet.

REVENUE: The warehouse club is projected to post a top line of $5.34 billion, up from $5.1 billion in the same quarter last year.

EARNINGS: Wall Street is modeling a profit of $145.7 million, or $1.09 a share, compared with $157.3 million, or $1.18 a share, a year ago.

BJ's stock has fallen more than 16% over the past three months and was recently trading hands at $88.82.

WHAT TO WATCH:

-- Consumers are feeling increasingly stressed out about the economy. Retailers this week have noted that lower-income shoppers continued to pull back during the recent quarter, which was especially volatile due to the pause in SNAP benefits and the government shutdown. Companies including Walmart, Amazon.com and T.J. Maxx parent TJX have found success catering to these cautious consumers, providing value, lower prices and convenience. Investors will be looking to see how BJ's is assuaging shoppers' economic jitters.

-- Warehouse clubs have been gaining momentum amid ongoing inflationary concerns, as their wholesale model is popular among value-driven, budget-conscious shoppers. Costco, Sam's Club and BJ's all sustained their year-over-year foot-traffic momentum during the third quarter, location-analysis company Placer.ai said, with visits rising 6%, 3.2% and 5.9%, respectively. Investors will be looking to see whether these traffic gains flowed through BJ's P&L.

-- Sentiment around BJ's has soured as the company's same-store sales growth has stalled, signaling a slowdown in market-share gains, JPMorgan analysts said. This slowdown may have been exacerbated by the weak trends that retailers broadly contended with in October, they add. JPMorgan expects BJ's to narrow its yearly same-store sales growth outlook to between 2.3% and 2.5%, from up 2% to 3.5% previously.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 20, 2025 12:39 ET (17:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.