BJ
BJ's Wholesale Club Holdings, Inc.93.61
+2.17+2.37%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
New clubs outperform; Texas excites
Q&A revealed new clubs as the standout, with membership 30% above plan, renewals 900bps higher than chain average, and double-digit ROIC—best class since IPO. Texas pre-openings show amazing engagement, fueling confidence in sustained 25-30 club pace amid updating market models. Margins dipped on GM mix toward electronics and grocery value investments; Q4 marked the low. Digital unconstrained, inventory ramping in discretionary. Storms netted slight Q4 lift but Q1 drag. Management stayed bullish on execution. New markets matter for the thesis.
Key Stats
Market Cap
12.33BP/E (TTM)
21.57Basic EPS (TTM)
4.34Dividend Yield
0%Recent Filings
10-K
FY2025 results
BJ's Wholesale Club drove FY2025 net sales to $20.96B, up 4.6% y/y, with merchandise comps accelerating to 2.6% on perishables/grocery strength while gasoline dragged overall comps to 1.0%. Membership fees jumped 9.5% to $499.8M on fee hikes and higher-tier penetration, sustaining 90% renewal. Operating income hit $817M despite 6.4% SG&A rise from 13 new clubs; merchandise margins held flat. Q4 digital comps surged 31.0%, fueling traffic. Debt fell to $520M at year-end with $1.04B revolver capacity; $331M adjusted FCF funded $289M buybacks. New York metro (23% sales) exposes quarterly momentum to regional slowdowns.
8-K
Strong FY25 results, upbeat guidance
BJ's Wholesale Club reported fiscal 2025 results on March 5, 2026, with total revenues up 4.7% to $21.5B, driven by 10.9% Q4 membership fee growth to $129.8M and 2.6% comparable sales excluding gas. Net income rose 8.2% to $578.4M; adjusted EBITDA climbed 6.1% to $1.16B. Membership renewals held at 90%. Fiscal 2026 guides 2-3% comp sales growth ex-gas, adjusted EPS $4.40-$4.60.
10-Q
Q3 FY2025 results
BJ's total revenues hit $5.3B in Q3 FY2025 ended November 1, 2025, up 4.9% y/y from $5.1B, driven by 4.8% net sales growth and 9.8% jump in membership fees to $126M; operating income dipped to $218M from $229M amid higher SG&A, yet YTD operating income rose 7.4% to $639M. Diluted EPS held at $1.15, reconciling to 131,922 weighted shares with minor anti-dilution from 168K stock awards. Operating cash flow reached $639M YTD, yielding $141M adjusted free cash flow (derived); cash sits at $45M with $990M ABL revolver availability against $600M total debt at blended ~5.5%. Share repurchases consumed $170M YTD under the $1B program. Gasoline volatility pressures margins.
8-K
Q3 revenues up 4.9%
BJ's Wholesale Club reported Q3 FY2025 results on November 21, with total revenues up 4.9% to $5.3B, driven by 9.8% membership fee growth to $126.3M, yet operating income dipped 4.8% amid higher SG&A. Ex-gas comp sales rose 1.8%; digitally enabled sales surged 30%. Raised FY25 adjusted EPS guidance to $4.30-$4.40. Share buybacks continue.
10-Q
Q2 FY2025 results
BJ's total revenues hit $5.4B in Q2 FY2025 ended August 2, 2025, up 3.3% y/y from $5.2B, with membership fees jumping 9.0% y/y to $123.3M on higher-tier penetration and January fee hikes. Operating income rose 6.3% y/y to $217M while gross margins edged up 0.1 points (derived), fueled by perishables and grocery traffic despite softer gas. Diluted EPS climbed to $1.14 from $1.08, matching 132.5M shares. Cash from operations funded $306M capex; debt fell to $505M ($105M ABL at 5.45%, $400M term loan at 5.88%) with $1.0B revolver availability. Repurchased $41M shares. Gasoline volatility pressures margins.
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