BJ's Wholesale Club Q1: Strong Beat In Profitability

  • BJ's Wholesale Club Holdings, Inc.'s Q1 showed a stable sales performance through membership growth. Excluding gasoline sales, comparable club sales growth came in at 3.9%. Notably, BJ's profitability was very strong. The merchandise gross margin expanded well, and BJ's increased membership fee income also raised earnings. The reaffirmed FY2025 guidance seems quite conservative based on BJ's good Q1 momentum.