BJ stock reversed from its slight gain Thursday after the wholesale retailer posted mixed Q1 earnings before the bell. Shares are trading around a flat base entry.
BJ's Wholesale Club reported a 34% increase in earnings to $1.14 per share adjusted. Revenue increased 4.8% to $5.15 billion.
FactSet analysts expected earnings of 92 cents per share on $5.19 billion in revenue.
Membership fee income climbed 8.1% to $120.4 million. Net sales rose 4.7% for the quarter to $5.03 billion.
Total comparable club sales increased 1.9%, while digitally enabled comparable sales jumped 35%. Excluding gasoline, comparable sales increased 3.9%.
FactSet analysts expected 3.6% same-store sales growth for the quarter.
BJ's Wholesale maintained its 2025 outlook for adjusted EPS of $4.10-$4.30, with comparable sales excluding gas up 2%-3.5% year-over-year.
The midpoint of the forecast is below FactSet earnings views for $4.24 per share for the year. Analysts expect 3.1% same-store sales growth for the year.
BJ Stock Rises In Early Trade
BJ stock slid 1.3% Thursday to 115.97 Thursday. Shares inched higher in early trade.
BJ's Wholesale is trading in a flat base with a 121.10 buy point, from its April 15 record high. Investors could use 120.33 as a slightly early entry.
Shares rebounded above their 50-day line on Friday last week.
BJ stock has rallied more than 29% so far this year.
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