Home products were a positive contributor to BJ’s Wholesale Club first-quarter results, which beat Wall Street on earnings and revenue.
Net income was $142.7 million, or $1.10 per diluted share, versus $149.8 billion, or $1.13 per diluted share, in the year-prior quarter. Adjusted for one-time events, the company noted, net income was $142.7 billion, or $1.10 per diluted share, versus $150.9 million, or $1.14 per diluted share, in the year-earlier period.
BJ’s topped a Zacks Investment Research analyst consensus estimate of $1.04 per adjusted diluted share and $5.44 billion in revenue.
Comparable sales, excluding the impact from gasoline price volatility, increased by 1.5% in the quarter year-over-year, the company reported. Net sales were $5.53 billion versus $5.03 billion in the year-before period. Operating income was $207.9 million versus $203.6 million, in the quarter a year previous.
On March 5, BJ’s pointed out, it provided guidance for fiscal 2026 including comparable club sales, without fuel, to increase 2% to 3% year-over-year and adjusted EPS to come in at a range from $4.40 to $4.60
In a conference call, Bob Eddy, BJ’s chairman and CEO, said general merchandise and services experienced mid-single-digit comparable growth led by strength in consumer electronics, adding that home and seasonal were positive during the quarter
“While discretionary categories remain uneven, we’re encouraged by the progress we’re making and the way our teams are managing assortments and inventory in this environment,” Eddy said. “Gas prices increased dramatically during the quarter, putting additional pressure on member wallets.”
Eddy added, “We delivered a strong first quarter as our value proposition continued to resonate with members across our clubs and at our gas stations. Momentum in membership, fuel and digital sales reflects the disciplined execution of our teams and our focus on delivering value and convenience for the families who depend on us. We remain confident in our strategy as we continue to invest in growth and expand our footprint.”
