Companies

BJ’s Wholesale Club Beats Earnings Estimates on Favorable Shopping Trends

The company, on track to open 25-30 new clubs over the next two years, benefits from the growing popularity of clubs and superstores.
BJ’s Wholesale Club Beats Earnings Estimates on Favorable Shopping Trends
A BJ's Wholesale Club in Miami on March 28, 2024. Joe Raedle/Getty Images
Panos Mourdoukoutas
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Based on strong membership and digital sales growth, BJ’s Wholesale Club Holdings, Inc. reported earnings for the first quarter of fiscal year 2025 that beat market estimates. Despite the challenging consumer environment, the company maintained its guidance for the rest of the year.

On May 22, the operator of membership warehouse clubs in the eastern half of the United States reported adjusted earnings of $1.14 per diluted share for the quarter ended May 3, surpassing Zacks’ average analyst estimate of 91 cents.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”