BJ’s Wholesale Club Holdings (NYSE:BJ) reported stronger-than-expected earnings for its fiscal third quarter on Thursday, even as revenue came in slightly below Wall Street forecasts.
The membership-based warehouse retailer posted a net income of $155.7 million, or $1.17 per share, for the quarter.
When adjusted for one-time gains and costs, earnings were $1.18 per share, surpassing the 91 cents per share anticipated by analysts surveyed by Zacks Investment Research.
Revenue, however, totaled $5.1 billion, narrowly missing the $5.13 billion average estimate from analysts.
For the current quarter ending in January, BJ’s projected earnings per share in the range of 78 cents to 88 cents.
The company also maintained its full-year forecast, expecting earnings between $3.90 and $4 per share.
Despite the revenue shortfall, BJ’s has shown significant stock performance this year.
Shares have climbed 29% since January, with a 12-month gain of 35%, reflecting investor confidence in the company’s operational resilience amid a challenging retail environment.