BJ’s Wholesale Club Holdings (NYSE: BJ), the membership-only warehouse club chain announced adjusted earnings of $0.85 per diluted share, a decline of 2.3% year-over-year and surpassing consensus estimates of $0.84 per share.
The retailer’s total revenues in Q1 went up by 5% year-over-year to $4.72 billion but fell short of analysts’ estimates of $4.83 billion. In the first quarter, BJ’s comparable club sales, excluding gasoline sales, rose by 5.7% year-over-year.
Analysts are cautiously optimistic about BJ stock with a Moderate Buy consensus rating based on seven Buys, five Holds, and one Sell.
