BJ’s first-quarter sales and earnings rose year over year, although revenue growth missed expectations as the company maintained its financial guidance for the year despite tariffs.
In a conference call, BJ’s reiterated its full-year outlook saying that tariff impact so far had been minimal, noting it imports less product than many competitors. The company expressed confidence in strategic initiatives, as well as its ability to manage cost volatility, including tariffs and input inflation. BJ’s pointed out tariffs may drive some prices higher, but it was moving to minimize any effect on what it charges members.
In the quarter, net income increased to $149.8 million, or $1.13 per diluted share, versus $111 million, or 83 cents per diluted share, in the 2024 period, the company reported. Adjusted for one-time events, net income was $150.9 million, or $1.14 per diluted share, versus $113.4 million, or 85 cents per diluted share, in the year-prior period.
A Zacks Investment Research analyst consensus estimate called for adjusted diluted earnings per share of 91 cents with revenues at $5.18 billion.
With the impact of gasoline sales excluded, comparable sales grew 3.9% in the quarter year over year. Net sales were $5.03 billion versus $4.81 billion in the year-past quarter, while revenues, including membership fees, were $5.15 billion versus $4.92 billion, respectively. Operating income was $203.6 million versus $160.8 million in the year-previous period.
“We reported a strong start to the year, demonstrating the power of our model and continued momentum in our long-term growth priorities,” said Bob Eddy, BJ’s chairman and CEO. “Delivering great value is essential in today’s environment.”
