BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) reported third-quarter fiscal 2025 results that exceeded Wall Street expectations on Thursday, prompting the company to raise its full-year profit forecast as membership income continued to climb.

The warehouse retailer posted adjusted earnings per share of $1.16, topping analysts' expectations of $1.10. Revenue totaled $5.35 billion, matching consensus estimates and rising 4.9% compared to the same period a year earlier. Comparable club sales increased 1.1% year over year, while comparable sales excluding gasoline rose 1.8%, representing a two-year stacked increase of 5.5%.

Membership fee income — a key driver of profitability — grew 9.8% to $126.3 million, supported by strong member acquisition and retention trends. Digitally enabled sales expanded 30% year over year and showed a two-year stacked growth rate of 61%.

BJ's narrowed its full-year comparable club sales outlook but raised its earnings forecast. The company now expects fiscal 2025 adjusted earnings per share of $4.30 to $4.40, compared with analyst expectations of $4.33.