High Oil Prices Lift BJ’s Wholesale Earnings via Gasoline Sales Surge

BJ’s Wholesale delivered a fiscal Q1 earnings beat on May 22, 2026, fueled by elevated gasoline sales amid historically high oil prices tied to the Iran war. Comparable sales jumped 6.3% year-over-year, yet growth slowed to just 1.5% when gasoline was excluded, slightly missing the 1.6% FactSet consensus. Revenue rose 9.9% to $5.66 billion while adjusted EPS beat estimates at $1.10 versus $1.03. Management reaffirmed full-year guidance for 2%–3% comparable sales growth excluding gas and $4.40–$4.60 in adjusted EPS. Shares rallied in premarket trading, illustrating how sustained oil strength supports specific retail inflows even as broader consumer budgets face pressure.