BJ's Wholesale Club's Fiscal Q2 Results Demonstrate Business Model's Relevance, UBS Says

12:02 PM EDT, 08/24/2026 (MT Newswires) -- BJ's Wholesale Club's (BJ) fiscal Q2 results demonstrated the relevance of its business model, despite competitive pressures, UBS analysts said in a Sunday note. The analysts expect the company to benefit from further trade in its merchandising enhancements and its ability to boost membership in new and existing markets. UBS said the BJ's fiscal Q2 core same-store sales growth of 3.1% was primarily driven by its higher-income customer cohort, but noted its lower-income customer cohort also returned to positive comparable growth. Analysts added that BJ's strong membership growth and consistent growth in MFI per member suggest its efforts to improve member experience and boost higher-tier penetration are paying off. UBS retained a buy rating on the stock and increased its price target to $115 from $109. Price: 99.55, Change: +3.13, Percent Change: +3.25