BJ's Wholesale Club reported first quarter revenue of $5.66 billion and adjusted EPS of $1.10, exceeding analyst estimates of $5.41 billion and $1.05, respectively. The company reiterated its full-year fiscal 2026 guidance.
Key Highlights
- Comparable club sales excluding gasoline, a key metric for core performance, increased by 1.5% year-over-year, missing the consensus estimate of 2.5%.
- Membership fee income, a key profit driver, grew 9.9% year-over-year to $132.4 million, attributed to strong member acquisition and retention.
- Digitally enabled comparable sales saw significant growth, rising 28% year-over-year.