Two bargain retailers saw earnings fall in the first quarter, with both citing bad weather. Despite the reduced earnings, however, they beat analysts' estimates and reported higher revenue.

BJ's Wholesale ( BJ) posted a drop in first-quarter earnings but, excluding items, beat analysts expectations, citing an increase in comparable club sales.

Including a charge, the company earned $11.3 million, or 16 cents a share, in the quarter ended May 3, compared with $23.1 million, or 32 cents a share, in the previous-year quarter.

Excluding items, the wholesaler earned 18 cents a share. Analysts polled by First Call had expected 16 cents a share.

Sales rose 15.7% to $1.48 billion, the company said. Comparable club sales grew 5.7%, of which 4.7% was gasoline sales. On a comparable club basis, food sales rose 3.2% but general merchandise sales fell 2.5%. Natick, Mass.-based BJ's cited a weaker economic climate and colder weather in the Northeast.

Shares of BJ's closed at $15.65 Monday on the New York Stock Exchange.

Meanwhile, discount retailer Big Lots' ( BLI) quarterly results beat analysts' expectations by a penny. The company cited strong lawn and garden and home furnishing sales for increasing gross margins.

Big Lots earned $10.2 million, or 9 cents a share, in the quarter ended May 3, compared with $12.2 million, or 11 cents a share, in the prior-year period. Analysts had forecast 8 cents a share.

"Several external factors, including late deliveries due to the west coast port dispute as well as unseasonably harsh winter weather, have resulted in a shorter than anticipated selling season, below plan sales results, and higher than plan inventory in this seasonal category," said Big Lots' Chief Executive Michael J. Potter.

Sales were $948.4 million, up 5% from last year. Comparable stores grew 1%, down significantly from last year's 11.7% increase.

Shares of Columbus, Ohio-based Big Lots closed at $11.61 Monday after the bell.

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