BJ`s Wholesale Club Holdings Inc NYSE:BJ Price, Chart, News & Insight

NYSE:BJ

BJ’s Wholesale Club Slips 0.2% Premarket Despite Strong Q2 and Higher EPS Guidance

BJ’s Wholesale Club (NYSE: BJ) shares edged 0.2% lower in premarket trading Friday despite reporting strong fiscal second-quarter 2026 results, including double-digit revenue and earnings growth, record membership and an increase to its full-year earnings outlook.

Net sales increased 15.9% year over year to $6.09 billion, while total revenue rose 15.7% to $6.23 billion. Net income climbed 15.4% to $173.9 million, and adjusted EPS increased 19.3% to $1.36 from $1.14 a year earlier.

Comparable club sales jumped 11.9%, although the figure was boosted substantially by gasoline. Excluding gasoline, comparable sales increased a more moderate 3.1%.

Membership and digital sales remain strong

Membership continued to be one of the strongest parts of the quarter. Membership fee income increased 9.9% to $135.6 million, while BJ’s member base reached a record 8.5 million.

Digital performance was particularly strong, with digitally enabled comparable sales rising 30% and two-year stacked growth reaching 64%.

Operating income increased 16.5% to $252.4 million, while adjusted EBITDA rose 14.3% to $347.2 million.

Margin pressure may explain muted stock reaction

Despite the strong headline numbers, investors may be focusing on some underlying pressure.

Merchandise gross margin excluding gasoline and membership fees declined approximately 20 basis points year over year. BJ’s attributed the decline primarily to continued investments in pricing, partially offset by tariff refund benefits.

SG&A expenses also increased to $851.2 million from $786.4 million as new club openings drove higher labor, occupancy and operating costs.

These factors, combined with relatively modest 3.1% comparable sales growth excluding gasoline, may help explain why the strong earnings report has not translated into a meaningful premarket rally.

BJ’s raises EPS guidance

Management raised fiscal 2026 adjusted EPS guidance to $4.60-$4.80 while maintaining its expectation for comparable sales excluding gasoline to increase 2%-3%.

BJ’s also remains in expansion mode, opening three new clubs and one gas station during the quarter and planning approximately $800 million of capital expenditures for the year.

Overall, the report was fundamentally strong, with accelerating sales, record membership, robust digital growth and higher earnings guidance. The slight 0.2% premarket decline therefore looks more like a muted investor reaction than a response to a materially weak quarter, with merchandise margin pressure and the relatively moderate underlying comp-sales outlook likely limiting enthusiasm.

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Global Finance News 08-21-26

BJ's Wholesale Club Drops 9.3% as Earnings Decline and Unchanged Guidance Disappoint

BJ's Wholesale Club fell 9.3% today despite reporting a first quarter that showed solid topline momentum, as investors focused on declining net income, modest underlying comparable sales growth and a full-year guidance reaffirmation that offered nothing new in a week where the bar for retail outperformance had been set high by TJX and Williams-Sonoma.

Total revenues grew 9.9% to $5.66 billion, with net sales up 9.9% to $5.53 billion and membership fee income growing 9.9% to $132.4 million. The headline comparable club sales increase of 6.3% looks impressive but requires context — excluding gasoline sales, comparable club sales grew just 1.5%, meaning the bulk of the comparable growth was driven by elevated fuel prices rather than underlying merchandise demand. In a week where consumer sentiment hit deeply pessimistic levels, that distinction matters to investors.

Membership momentum was a genuine bright spot. The 9.9% increase in membership fee income to $132.4 million reflected strength in acquisition, retention and higher-tier membership penetration — the kind of recurring, high-margin revenue stream that investors prize. Digitally enabled comparable sales grew 28%, representing a two-year stacked comp growth of 63%, pointing to strong execution in the digital channel.

The bottom line, however, told a less comfortable story. Net income fell 4.7% to $142.7 million and EPS declined to $1.10 from $1.13 a year ago, with higher labor, occupancy, depreciation and tax expenses all contributing to the compression. Adjusted EBITDA grew a modest 4.3% to $298.1 million.

Full-year guidance was left unchanged, with the company targeting comparable club sales growth excluding gasoline of 2.0% to 3.0% and adjusted EPS of $4.40 to $4.60. In a week where TJX raised guidance across every metric and Williams-Sonoma reiterated with confidence, BJ's unchanged outlook landed with less conviction.

The 9.3% decline reflects a market that found the underlying merchandise comp of just 1.5%, the falling net income and the absence of any guidance upgrade difficult to digest — particularly for a membership model that investors expect to compound more reliably than the numbers this quarter suggested.

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European Investor 05-22-26

BJ’s Wholesale Club Posts Strong Q1 2025 Results Driven by Membership Growth and Digital Sales

BJ’s Wholesale Club reported robust financial results for the first quarter of fiscal 2025, driven by higher membership fee income, increased traffic, and strong digital performance. Net income rose 34.9% year-over-year to $149.8 million, with adjusted earnings per share up 34.1% to $1.14. Total revenues grew 4.8% to $5.15 billion.

Key highlights:
• Comparable club sales rose 1.6%; excluding gasoline, comps grew 3.9%, primarily due to traffic growth.
• Digitally enabled comparable sales surged 35%.
• Membership fee income increased 8.1% to $120.4 million, benefiting from higher-tier memberships and a fee hike in January.
• Adjusted EBITDA rose 20.9% to $285.8 million.
• Gross profit climbed to $969.5 million, while SG&A expenses increased due to expansion-related labor and occupancy costs.
• The company opened five new clubs and four gas stations in the quarter.
• Adjusted free cash flow was $67.6 million.

BJ’s reaffirmed its full-year fiscal 2025 guidance, projecting:
• Comparable club sales (ex-gas) growth of 2.0% to 3.5%
• Adjusted EPS between $4.10 and $4.30
• Capital expenditures around $800 million

CEO Bob Eddy highlighted BJ’s ability to deliver value in a dynamic environment, and CFO Laura Felice emphasized confidence in the company’s strategic direction and market position.

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WS Investor 05-23-25

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) reported its fourth quarter and full fiscal year 2024 results, highlighting strong membership growth and digital sales expansion.

**Fourth Quarter Fiscal 2024 Highlights:**
- Comparable club sales increased 4.0% year-over-year, excluding gasoline sales up 4.6%
- Membership fee income grew 7.9% to $117.0 million
- Digitally enabled comparable sales rose 26.0%
- Earnings per diluted share of $0.92 and adjusted earnings per diluted share of $0.93

**Full Fiscal Year 2024 Highlights:**
- Net sales increased 2.5% to $20.05 billion
- Membership fee income reached $456.5 million, up 8.5%
- Adjusted EBITDA grew slightly to $1.09 billion
- Adjusted earnings per diluted share rose to $4.05

**Fiscal 2025 Outlook:**
- Comparable club sales (excluding gasoline) expected to grow between 2.0% and 3.5%
- Adjusted earnings per share projected between $4.10 and $4.30
- Capital expenditures of approximately $800 million

The company also announced a new $1.0 billion share repurchase program and a reduction in the interest rate on its senior secured first lien term loan.

For more details, refer to the company’s investor relations website.

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WS Investor 03-06-25

12-01-25WS Investor

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