BJ's Wholesale Club reported higher second-quarter profit and revenue, as budget-conscious shoppers continued to flock to its stores in search of value. The warehouse club chain on Friday posted a profit of $173.9 million, or $1.36 a share, for its quarter ended Aug. 1, compared with $150.7 million, or $1.14 a share, a year earlier.

Stripping out one-time items, earnings still came in at $1.36 a share. Analysts polled by FactSet had expected adjusted earnings of $1.17 a share. Total revenue jumped 16% to $6.23 billion, ahead of Wall Street models for $5.97 billion.

The results underscore the resilience of the warehouse club model amid persistent inflation, with consumers prioritizing bulk purchases and value-oriented shopping trips. Membership fee income also contributed to the top-line growth, while comparable club sales excluding gasoline rose 4.8% during the period.