BJs Wholesale Club Holdings Inc (BJ)

Walmart Signals Potential Price Increases as Food Producers Focus on Margins (WMT)May 27, 2026 7:52 AM
IH Market News Walmart (NYSE:WMT) absorbed roughly $175 million in fuel expenses above expectations during the first quarter of fiscal 2027, creating an estimated 250 basis point drag on operating income growth across its worldwide logistics, distribution and fulfillment operations, according to Barclays. The retailer said the move to absorb the additional costs was deliberate, allowing it to continue investing in pricing in order to strengthen customer loyalty and support ongoing market share gains. However, Walmart warned that if elevated operating costs remain in place, the company may need to introduce modest retail price increases beginning in the second quarter of fiscal 2027 and continuing throughout the remainder of the year. Barclays said packaged food manufacturers are increasingly likely to prioritise margin protection through pricing measures, even if doing so slows the pace of volume recovery. The bank noted that while price increases carry risks in a consumer environment already facing resistance to higher costs, food companies have historically tended to outperform during pricing-driven cycles because stronger pricing helps preserve revenue growth and profitability. The investment bank highlighted companies such as General Mills (NYSE:GIS), JM Smucker (NYSE:SJM) and Kraft Heinz (NASDAQ:KHC) as groups currently discussing efforts to optimise manufacturing footprints, suggesting capacity rationalisation could become a more important part of broader restructuring strategies. Barclays also noted that the food retail sector is facing increasing complexity as inflationary pressures coincide with heavier price investment across the industry. Walmart’s first-quarter results showed accelerating unit share gains, helped by a 20% increase in price rollbacks. Meanwhile, Kroger (NYSE:KR) is revising its pricing strategy under new leadership, while BJ’s Wholesale Club (NYSE:BJ) discussed additional pricing investments during the previous week. The bank added that even if Walmart ultimately raises prices, the retailer has historically demonstrated an ability to absorb a greater portion of cost inflation than many competitors, helping maintain significant pricing advantages across the market. Walmart stock price Original: Walmart Signals Potential Price Increases as Food Producers Focus on Margins (WMT)

I'm out today. I'll buy back when this CEO can get his shit together. Perhaps selling before every quartley report would be a start

BJ’s Wholesale Club Accelerates Growth with New Locations in Kentucky, Florida and IndianaMay 22, 2026 9:00 AM
Business Wire Retailer expands footprint to bring unbeatable value and convenience to more families BJ’s Wholesale Club (NYSE: BJ) today announced its next wave of new club growth with locations in Kentucky, Florida and Indiana set to open this fiscal year. The new clubs are part of the company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be located in: Frankfort, Kentucky Ocala, Florida Lecanto, Florida Port St. Lucie, Florida Portage, Indiana This expansion strengthens BJ’s presence in the Florida market up to 46 clubs and grows BJ’s footprint in the recently launched Kentucky and Indiana markets. “We are committed to growing our footprint in both new and existing markets to bring the value of a BJ’s Wholesale Club to even more members,” said Bill Werner, Executive Vice President, Strategy and Development, BJ’s Wholesale Club. “Coming off the strong results of our 2025 openings, the team is excited to execute on our 2026 class, deliver value and take care of the families who depend on us in these communities.” With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent successful launch in Texas with four locations in the Dallas-Fort Worth area. BJ’s Wholesale Club is a true one-stop shop, offering members a wide assortment of fresh produce, a full-service deli, fresh bakery items, household essentials, pet supplies, toys, consumer electronics, apparel and more. Members can save up to 25% off grocery store prices every day, a key driver in the brand’s successful growth for over 40 years. To ensure a seamless shopping experience for members, BJ’s continues to invest in digital and physical conveniences: Curbside pickup: Easy ordering and fulfillment through the BJ’s mobile app Same-day delivery*: Bringing BJ’s value directly to members’ doorsteps in as little as two hours ExpressPay**: A mobile-first checkout solution that allows members to scan as they shop and pay for items directly in the BJ’s mobile app BJ’s Gas: On-site gas stations offer members unbeatable prices and additional savings through BJ’s Fuel Saver Program A central pillar of BJ’s expansion is its commitment to the communities where members and team members live and work. BJ’s Charitable Foundation focuses on hunger relief, education and health and wellness, supporting local schools, organizations and food banks through donations, grants and sponsorships. For more information, visit BJs.com. About BJ's Wholesale Club Holdings, Inc.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 267 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at BJs.com or on Facebook, or Instagram. All BJ’s memberships are subject to BJ’s current membership terms; ask in-club or visit BJs.com/terms.
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**Terms apply. Visit bjs.com/expresspay for more details. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522703790/en/ Media:
Kirk Saville
Head of Corporate Communications
BJ’s Wholesale Club

BJ’s Wholesale Club Receives First-Time Investment Grade Rating from FitchMay 22, 2026 7:00 AM
Business Wire BJ’s Wholesale Club (NYSE: BJ) today announced that Fitch Ratings has assigned a first-time Long Term Issuer Default Rating of ‘BBB’ to the company. Fitch has also assigned BBB+ ratings to the company’s ABL revolving credit facility and secured term loan due 2029. The ratings carry a Stable Outlook. "Fitch’s investment-grade ratings reflect BJ’s continued growth and commitment to financial discipline,” said Laura Felice, Chief Financial Officer, BJ’s Wholesale Club. “We are proud of the progress we've made in growing our business and strengthening our balance sheet as we deliver unbeatable value and convenience to our more than 8 million members in 22 states." Fitch’s rating reflects BJ’s strong positioning in the growing U.S. warehouse club sector, a loyal membership with 90% tenured renewal rate and consistent growth in comparable store sales and EBITDA. The rating also reflects the company’s positive cash generation and modest EBITDAR leverage. BJ’s Wholesale Club Holdings, Inc.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 267 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at BJs.com or on Facebook, or Instagram. Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position; our anticipated fiscal 2026 outlook; the timing and amounts of any share repurchases under our current authorized share repurchase program; and our strategic priorities and future progress, as well as statements that include the words “expect,” “intend,” “plan,” “confident,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “can” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: uncertainties in the financial markets, including, without limitation, as a result of disruptions and instability in the banking and financial services industries or as a result of wars and global political conflicts, consumer and small business spending patterns and debt levels; our dependence on having a large and loyal membership; domestic and international economic conditions, including volatility in inflation or interest rates, supply chain disruptions, construction delays and exchange rates; our ability to procure the merchandise we sell at the best possible prices; the effects of competition and regulation; our dependence on vendors to supply us with quality merchandise at the right time and at the right price; breaches of security or privacy of member or business information; conditions affecting the acquisition, development, ownership or use of real estate; our capital spending; actions of vendors; our ability to attract and retain a qualified management team and other team members; costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions (including tariffs); changes in our product mix or in our revenues from gasoline sales; our failure to successfully maintain a relevant digital experience for our members; risks related to our growth strategy to open new clubs; risks related to our e-commerce business; our ability to grow our BJ’s One Mastercard® program; and other important factors discussed under the caption “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 12, 2026, and subsequent filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Thus, one should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522819686/en/ Media:
Kirk Saville
Head of Corporate Communications
BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2026 ResultsMay 22, 2026 6:45 AM
Business Wire Strong first quarter performance reflecting momentum in membership, fuel, and digital sales First Quarter Fiscal 2026 Highlights Comparable club sales increased by 6.3% year-over-year Comparable club sales, excluding gasoline sales, increased by 1.5% year-over-year Membership fee income increased by 9.9% year-over-year to $132.4 million Digitally enabled comparable sales growth was 28%, reflecting two-year stacked comp growth of 63% Earnings per diluted share and adjusted earnings per diluted share(a) of $1.10 The Company opened one new club and six new gas stations BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the “Company”) today announced its financial results for the thirteen weeks ended May 2, 2026. “We delivered a strong first quarter as our value proposition continued to resonate with members across our clubs and at our gas stations. Momentum in membership, fuel and digital sales reflects the disciplined execution of our teams and our focus on delivering value and convenience for the families who depend on us,” said Bob Eddy, Chairman and Chief Executive Officer, BJ’s Wholesale Club. “We remain confident in our strategy as we continue to invest in growth and expand our footprint.” Key Measures for the Thirteen Weeks Ended May 2, 2026 (First Quarter of Fiscal 2026): BJ'S WHOLESALE CLUB HOLDINGS, INC.
(Amounts in thousands, except per share amounts)   Thirteen Weeks Ended   % Growth (Decline)   May 2, 2026 May 3, 2025   Net sales $ 5,529,145   $ 5,033,094   9.9 % Membership fee income   132,355     120,389   9.9 % Total revenues   5,661,500     5,153,483   9.9 %             Operating income   207,913     203,645   2.1 % Net income   142,726     149,768   (4.7 )% EPS (b)   1.10     1.13   (2.7 )% Adjusted net income (a)   142,726     150,875   (5.4 )% Adjusted EPS (a)   1.10     1.14   (3.5 )% Adjusted EBITDA (a)   298,070     285,836   4.3 % Basic weighted-average shares outstanding   128,650     131,569     Diluted weighted-average shares outstanding   129,383     132,749     (a) See “Note Regarding Non-GAAP Financial Information.”
(b) EPS represents net income per diluted share. Additional Highlights: Total comparable club sales increased by 6.3% in the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025. Excluding the impact of gasoline sales, comparable club sales increased by 1.5% in the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025. Membership fee income increased to $132.4 million in the first quarter of fiscal 2026 compared to $120.4 million in the first quarter of fiscal 2025. The increase was primarily driven by strength in membership acquisition, retention and higher-tier membership penetration across both new and existing clubs. Gross profit increased to $1.03 billion in the first quarter of fiscal 2026 compared to $969.5 million in the first quarter of fiscal 2025. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, decreased by approximately 10 basis points compared to the first quarter of fiscal 2025, primarily driven by the Company’s continued investments in pricing partially offset by tariff refund benefits recognized in the quarter. Selling, general and administrative expenses (“SG&A”) increased to $806.0 million in the first quarter of fiscal 2026 compared to $760.9 million in the first quarter of fiscal 2025. The increase was primarily driven by increased labor, occupancy, and operational costs mainly as a result of new club and gas station openings. Additionally, an increase in the number of owned clubs has resulted in increased depreciation expense year-over-year. Income tax expense increased to $52.8 million in the first quarter of fiscal 2026 compared to $42.8 million in the first quarter of fiscal 2025, primarily driven by an increase in income before income taxes and lower tax benefits from stock-based compensation. Net income decreased to $142.7 million in the first quarter of fiscal 2026 compared to $149.8 million in the first quarter of fiscal 2025. Adjusted EBITDA increased by 4.3% to $298.1 million in the first quarter of fiscal 2026 compared to $285.8 million in the first quarter of fiscal 2025. Under its existing share repurchase program, the Company repurchased 2,114,000 shares of common stock, totaling $206.6 million, inclusive of associated costs, in the first quarter of fiscal 2026. Approximately $545.0 million remained available to purchase under such program. Fiscal 2026 Ending January 30, 2027 Outlook “Our first quarter performance reflects disciplined execution and continued investment in the business. We delivered solid profitability while growing membership fee income and maintaining our focus on cost management,” said Laura Felice, Executive Vice President, Chief Financial Officer, BJ’s Wholesale Club. “As we look ahead, our guidance for fiscal 2026 is unchanged, and we remain confident in our ability to invest for long-term growth and deliver sustainable, profitable results.” On March 5, 2026, the Company provided the following guidance for fiscal 2026: Comparable club sales, excluding the impact of gasoline sales, to increase 2.0% to 3.0% year-over-year Adjusted EPS to range from $4.40 to $4.60 Capital expenditures of approximately $800 million, reflecting continued investment in new club openings and enhancements across our distribution network, including the ambient distribution center Conference Call Details A conference call to discuss the first quarter of fiscal 2026 financial results is scheduled for today, May 22, 2026, at 8:30 A.M. Eastern Time. The live audio webcast of the call can be accessed under the “Events & Presentations” section of the Company’s investor relations website at https://investors.bjs.com and will remain available for one year. Participants may also dial (833) 461-5787 within the U.S. or +1 (585) 542-9983 outside the U.S. and reference conference ID 358568726. About BJ’s Wholesale Club Holdings, Inc. BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The Company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ’s offers the latest technology, home decor, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the Company pioneered the warehouse club model in New England in 1984 and currently operates 267 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at www.bjs.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position; our anticipated fiscal 2026 outlook; the timing and amounts of any share repurchases under our current authorized share repurchase program; and our strategic priorities and future progress, as well as statements that include the words “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “can,” “could,” “intend,” “confident,” “project,” “believe,” “estimate,” “predict,” “continue,” “forecast,” “would,” or the negative of these terms or other similar expressions of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: uncertainties in the financial markets, including, without limitation, as a result of disruptions and instability in the banking and financial services industries or as a result of wars and global political conflicts, consumer and small business spending patterns and debt levels; our dependence on having a large and loyal membership; domestic and international economic conditions, including volatility in inflation or interest rates, supply chain disruptions, construction delays and exchange rates; our ability to procure the merchandise we sell at the best possible prices; the effects of competition and regulation; our dependence on vendors to supply us with quality merchandise at the right time and at the right price; breaches of security or privacy of member or business information; conditions affecting the acquisition, development, ownership or use of real estate; our capital spending; actions of vendors; our ability to attract and retain a qualified management team and other team members; costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions (including tariffs); changes in our product mix or in our revenues from gasoline sales; our failure to successfully maintain a relevant digital experience for our members; risks related to our growth strategy to open new clubs; risks related to our e-commerce business; our ability to grow our BJ’s One Mastercard® program; and other important factors discussed under the caption “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 12, 2026, and subsequent filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Thus, one should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Non-GAAP Financial Measures We refer to certain financial measures that are not recognized under United States generally accepted accounting principles (“GAAP”). Please see “Note Regarding Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and a reconciliation of the Non-GAAP financial measures to the most comparable GAAP financial measures. BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
(Unaudited)   Thirteen Weeks Ended   May 2, 2026 May 3, 2025 Net sales $ 5,529,145   $ 5,033,094 Membership fee income   132,355     120,389 Total revenues   5,661,500     5,153,483 Cost of sales   4,633,599     4,183,984 Selling, general and administrative expenses   806,010     760,880 Pre-opening expenses   13,978     4,974 Operating income   207,913     203,645 Interest expense, net   12,367     11,099 Income before income taxes   195,546     192,546 Provision for income taxes   52,820     42,778 Net income $ 142,726   $ 149,768         Income per share attributable to common stockholders—basic: $ 1.11   $ 1.14 Income per share attributable to common stockholders—diluted: $ 1.10   $ 1.13         Weighted-average number of shares outstanding:       Basic   128,650     131,569 Diluted   129,383     132,749 BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share amounts)
(Unaudited)   May 2, 2026   May 3, 2025 ASSETS       Current assets:       Cash and cash equivalents $ 27,826   $ 39,484 Accounts receivable, net   319,936     240,419 Merchandise inventories   1,668,263     1,567,032 Prepaid expense and other current assets   198,876     81,833 Total current assets   2,214,901     1,928,768         Operating lease right-of-use assets, net   2,004,451     2,065,890 Property and equipment, net   2,534,420     1,988,290 Goodwill   1,008,816     1,008,816 Intangibles, net   94,239     99,697 Deferred income taxes   4,593     7,615 Other assets   67,578     58,596 Total assets $ 7,928,998   $ 7,157,672         LIABILITIES       Current liabilities:       Short-term debt $ 375,000   $ 150,000 Current portion of operating lease liabilities   181,994     169,568 Accounts payable   1,438,931     1,255,867 Accrued expenses and other current liabilities   1,048,934     934,974 Total current liabilities   3,044,859     2,510,409         Long-term operating lease liabilities   1,905,325     1,977,180 Long-term debt   399,172     398,880 Deferred income taxes   68,228     55,386 Other non-current liabilities   385,155     244,232         STOCKHOLDERS' EQUITY   2,126,259     1,971,585 Total liabilities and stockholders' equity $ 7,928,998   $ 7,157,672 BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands, except per share amounts)
(Unaudited)   Thirteen Weeks Ended   May 2, 2026   May 3, 2025 CASH FLOWS FROM OPERATING ACTIVITIES       Net income $ 142,726     $ 149,768   Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization   76,452       69,665   Amortization of debt issuance costs and accretion of original issue discount   273       273   Stock-based compensation expense   13,280       10,654   Deferred income tax provision (benefit)   3,173       (4,913 ) Changes in operating leases and other non-cash items   (30,631 )     (24,397 ) Increase (decrease) in cash due to changes in:       Accounts receivable, net   (51,300 )     39,735   Merchandise inventories   (112,792 )     (58,044 ) Accounts payable   131,526       2,355   Accrued expenses and other current liabilities   24,446       24,783   Other operating assets and liabilities, net   (57,195 )     (1,786 ) Net cash provided by operating activities   139,958       208,093   CASH FLOWS FROM INVESTING ACTIVITIES       Additions to property and equipment, net of disposals and proceeds from sale-leaseback transactions   (182,004 )     (140,497 ) Other investing activities   (2,630 )     (1,794 ) Net cash used in investing activities   (184,634 )     (142,291 ) CASH FLOWS FROM FINANCING ACTIVITIES       Proceeds from revolving lines of credit   320,000       66,000   Payments on revolving lines of credit   (65,000 )     (91,000 ) Net cash received from stock option exercises   125       5,014   Acquisition of treasury stock   (225,717 )     (41,305 ) Net (payments on) proceeds from financing obligations   (73 )     8,721   Other financing activities   (3,078 )     (2,020 ) Net cash provided by (used in) financing activities   26,257       (54,590 ) Net (decrease) increase in cash and cash equivalents   (18,419 )     11,212   Cash and cash equivalents at beginning of period   46,245       28,272   Cash and cash equivalents at end of period $ 27,826     $ 39,484   Note Regarding Non-GAAP Financial Information This press release includes financial measures that are not calculated in accordance with GAAP, including adjusted net income, adjusted net income per diluted share (“adjusted EPS”), adjusted EBITDA, adjusted free cash flow, net debt, net debt to last twelve months (“LTM”) adjusted EBITDA, and comparable club sales. We define adjusted net income as net income as reported, adjusted for non-recurring, infrequent, or unusual changes, including restructuring charges, and other adjustments that the Company believes appropriate, net of the tax impact of such adjustments. We define adjusted EPS as adjusted net income divided by the weighted-average diluted shares outstanding. We define adjusted EBITDA as net income before interest expense, net, provision for income taxes, and depreciation and amortization, adjusted for the impact of certain other items, including stock-based compensation expense, restructuring, and other adjustments. We define adjusted free cash flow as net cash provided by operating activities less additions to property and equipment, net of disposals, plus proceeds from sale-leaseback transactions. We define net debt as total debt outstanding less cash and cash equivalents. We define net debt to LTM adjusted EBITDA as net debt at the balance sheet date divided by adjusted EBITDA for the trailing twelve-month period. We present adjusted net income, adjusted EPS, and adjusted EBITDA, which are not recognized financial measures under GAAP, because we believe such measures assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. We believe that adjusted net income, adjusted EPS, and adjusted EBITDA are helpful in highlighting trends in our core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, and capital investments. We use adjusted net income, adjusted EPS, and adjusted EBITDA to supplement GAAP measures of performance in the evaluation of the effectiveness of our business strategies; to make budgeting decisions; and to compare our performance against that of other peer companies using similar measures. We also use adjusted EBITDA and adjusted EPS in connection with establishing annual and long-term incentive compensation. We present adjusted free cash flow, which is not a recognized financial measure under GAAP, because we use it to report to our Board of Directors and we believe it assists investors and analysts in evaluating our liquidity. Adjusted free cash flow should not be considered as an alternative to cash flows from operations as a liquidity measure. We present net debt and net debt to LTM adjusted EBITDA, which are not recognized as financial measures under GAAP, because we use them to report to our Board of Directors and we believe they assist investors and analysts in evaluating our borrowing capacity. Net debt to LTM adjusted EBITDA is a key financial measure that is used by management to assess the borrowing capacity of the Company. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating adjusted net income, adjusted EPS, adjusted EBITDA, and net debt to LTM adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or like some of the adjustments in our presentation of these metrics. Our presentation of adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA should not be considered as alternatives to any other measure derived in accordance with GAAP and they should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-recurring items. There can be no assurance that we will not modify the presentation of adjusted net income, adjusted EPS, adjusted EBITDA, or net debt to LTM adjusted EBITDA in the future, and any such modification may be material. In addition, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA may not be comparable to similarly titled measures used by other companies in our industry or across different industries. Additionally, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. In reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K, the Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, including of its projected range for adjusted EPS for Fiscal 2026 to net income per diluted share, which is the most directly comparable GAAP measure, under “Fiscal 2026 Ending January 30, 2027” above, where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items or there are no meaningful adjustments to be presented in the reconciliation and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various items that would impact net income per diluted share, if any. This includes items that have not yet occurred, are out of the Company's control, cannot be reasonably predicted and/or for which there would not be any meaningful adjustment or difference. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The information under “Fiscal 2026 Ending January 30, 2027” above, including expectations about adjusted EPS reflects management’s view of current and future market conditions. To the extent actual results differ from our current expectations, the Company’s results may differ materially from the expectations set forth above. Other factors, as referenced elsewhere in this press release, may also cause the Company’s results to differ materially from the expectations set forth above. Reconciliation of GAAP to Non-GAAP Financial Information BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation of net income to adjusted net income and adjusted EPS
(Amounts in thousands, except per share amounts)
(Unaudited)   Thirteen Weeks Ended   May 2, 2026 May 3, 2025 Net income as reported $ 142,726   $ 149,768   Adjustments:       Restructuring (a)   —     1,537   Tax impact of adjustments to net income (b)   —     (430 ) Adjusted net income $ 142,726   $ 150,875           Weighted-average diluted shares outstanding   129,383     132,749   Adjusted EPS (c) $ 1.10   $ 1.14   (a) Represents charges related to the restructuring of certain corporate and club functions, including costs for severance, retention, outplacement, consulting fees, and other third-party fees.
(b) Represents the tax effect of the above adjustments at a statutory tax rate of approximately 28%.
(c) Adjusted EPS is measured using weighted-average diluted shares outstanding. BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation to adjusted EBITDA
(Amounts in thousands)
(Unaudited)   Thirteen Weeks Ended   May 2, 2026 May 3, 2025 Net income $ 142,726   $ 149,768 Interest expense, net   12,367     11,099 Provision for income taxes   52,820     42,778 Depreciation and amortization   76,452     69,665 Stock-based compensation expense   13,280     10,654 Restructuring (a)   —     1,537 Other adjustments (b)   425     335 Adjusted EBITDA $ 298,070   $ 285,836 (a) Represents charges related to the restructuring of certain corporate and club functions, including costs for severance, retention, outplacement, consulting fees, and other third-party fees.
(b) Other non-cash items, including non-cash accretion on asset retirement obligations and obligations associated with our post-retirement medical plan. BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation to adjusted free cash flow
(Amounts in thousands)
(Unaudited)   Thirteen Weeks Ended   May 2, 2026 May 3, 2025 Net cash provided by operating activities $ 139,958     $ 208,093   Less: Additions to property and equipment, net of disposals   (182,004 )     (140,497 ) Plus: Proceeds from sale-leaseback transactions   —       —   Adjusted free cash flow $ (42,046 )   $ 67,596   BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation of net debt and net debt to LTM adjusted EBITDA
(Amounts in thousands)
(Unaudited)   May 2, 2026 Total debt $ 774,172   Less: Cash and cash equivalents   (27,826 ) Net debt $ 746,346       Net income $ 571,335   Interest expense, net   43,661   Provision for income taxes   205,876   Depreciation and amortization   295,381   Stock-based compensation expense   49,826   Restructuring   2,538   Other adjustments   1,196   Adjusted EBITDA (a) $ 1,169,813       Net debt to LTM adjusted EBITDA 0.6x (a) See descriptions of adjustments in the “Reconciliation to Adjusted EBITDA (unaudited)” table above. Financial_News View source version on businesswire.com: https://www.businesswire.com/news/home/20260522380094/en/ Investor Contact:
Diana Rashkow
Vice President, Investor Relations

continued expansion here

BJ’s Wholesale Club Continues Texas Launch with Grand Prairie OpeningMay 11, 2026 6:45 AM
Business Wire Grand opening set for May 15 BJ’s Wholesale Club (NYSE: BJ) announced today that its club in Grand Prairie, Texas, will open on May 15. In celebration of the new club at 1021 IKEA Way, BJ’s Gas in Grand Prairie will offer members $2 per gallon on gas for one day only on Wednesday, May 13, from 6:30 a.m. to 10:00 p.m. The promotional price applies to regular gas and has a 30-gallon limit. Local shoppers can sign up now to become members at BJs.com/GrandPrairie. Limited-time membership offers start at just $20 for one year* and include 10¢ off per gallon at BJ’s Gas for the first six months. Members can combine the 10¢-off-per-gallon offer with the one-day $2 gas promotion on May 13 for even deeper savings. BJ’s offers unbeatable value on everyday essentials in a convenient one-stop shop. Members save on fresh foods, produce, full-service deli items, fresh bakery goods, household essentials, home décor, pet supplies, toys, consumer electronics and more. BJ’s members love the true treasure-hunt shopping experience, discovering new and exciting items with each visit. “BJ’s Wholesale Club is driven by a powerful purpose: we take care of the families who depend on us,” said Brent Jacobs, Club Manager, Grand Prairie BJ’s Wholesale Club. “We’re looking forward to serving the community and the families of Grand Prairie.” BJ’s has a long-standing commitment to nourishing its communities. For over 15 years, it has worked with Feeding America and its network of food banks, providing more than 165 million meals for those in need. In Grand Prairie, BJ’s is partnering with North Texas Food Bank to help local agency partners Grand Prairie United Charities and The Flanagan Foundation increase their food distribution capacity to serve more families. BJ’s members can choose from several time-saving options, whether shopping online or in-club. Curbside pickup, in-club pickup, same-day delivery** and shipping are available on BJs.com. Members shopping in-club can use ExpressPay*** through the BJ’s mobile app to scan products as they shop and skip the checkout line. Additional member perks include: Unbeatable grocery prices: Members can save up to 25% off grocery store prices every day A risk-free membership: Shoppers can try BJ’s risk-free with the company’s 100% money-back guarantee BJ’s coupons + manufacturers’ coupons: Members can combine BJ’s coupons with many manufacturers’ coupons to maximize savings BJ’s Gas: Members can fill up at any BJ’s Gas station at low prices. Plus, members can save even more through BJ’s Fuel Savers Program Learn more at BJs.com/GrandPrairie. About BJ's Wholesale Club Holdings, Inc.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 266 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at BJs.com or on Facebook, or Instagram. All BJ’s memberships are subject to BJ’s current membership terms; ask in-club or visit BJs.com/terms.
*Requires BJ’s Easy Renewal®
**Not available in all ZIP codes. Log in to your account to confirm availability.
***Terms apply. Visit bjs.com/expresspay for more details. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511524964/en/ Media:
Kirk Saville
Head of Corporate Communications
BJ’s Wholesale Club

BJ’s Wholesale Club Announces First Quarter Fiscal 2026 Earnings Conference Call DateMay 6, 2026 4:31 PM
Business Wire BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ), a leading operator of membership warehouse clubs, today announced that it will release financial results for the first quarter fiscal 2026 prior to the market open on Friday, May 22, 2026 and will hold a conference call on the same day at 8:30 a.m. ET to discuss its financial performance. The live audio webcast of the call can be accessed under the “Events & Presentations” section of the company’s investor relations website at https://investors.bjs.com. The webcast replay will remain available for one year. Participants may also dial (833) 461-5787 within the U.S. or +1 (585) 542-9983 outside the U.S. and reference conference ID 358568726. About BJ’s Wholesale Club Holdings, Inc. BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ’s offers the latest technology, home decor, small appliances, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 264 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at www.BJs.com or on Facebook or Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505813867/en/ Investor contact:
Diana Rashkow
Vice President, Investor Relations

BJ’s Wholesale Club Announces First Quarter Fiscal 2026 Earnings Conference Call DateMay 5, 2026 6:45 AM
Business Wire BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ), a leading operator of membership warehouse clubs, today announced that it will release financial results for the first quarter fiscal 2026 prior to the market open on Thursday, May 21, 2026 and will hold a conference call on the same day at 8:30 a.m. ET to discuss its financial performance. The live audio webcast of the call can be accessed under the “Events & Presentations” section of the company’s investor relations website at https://investors.bjs.com. The webcast replay will remain available for one year. Participants may also dial (833) 461-5787 within the U.S. or +1 (585) 542-9983 outside the U.S. and reference conference ID 358568726. About BJ’s Wholesale Club Holdings, Inc. BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ’s offers the latest technology, home decor, small appliances, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 264 clubs and 205 BJ's Gas® locations in 22 states. For more information, please visit us at www.BJs.com or on Facebook or Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505813867/en/ Investor contact:
Diana Rashkow
Vice President, Investor Relations

BJ’s Wholesale Club Marks Texas Debut with Grand Opening of Forney LocationApril 17, 2026 6:45 AM
Business Wire
Members can celebrate with $2 per gallon gas


BJ’s Wholesale Club (NYSE: BJ) today announced the launch of Texas operations with the Forney club’s grand opening set for Friday, April 24. The gas station opens today, April 17.


To celebrate the milestone, the new BJ’s Gas location, at 11150 E US Highway 80 in Forney, will offer members gas at $2 per gallon for one day only on Wednesday, April 22, from 6:30 a.m. to 6:00 p.m. The promotional price applies to regular gas and has a 30-gallon limit.


Shoppers who haven’t joined can sign up now at BJs.com/Forney. Limited-time membership offers start at just $20 for one year* and include 10¢ off per gallon at BJ’s Gas for the first six months after the club opens.


“BJ’s Wholesale Club has been delivering unbeatable value and convenience to members for over 40 years,” said Bob Eddy, Chairman and CEO, BJ’s Wholesale Club. “Launching our Texas operations is a milestone for our company, and we know our model of saving up to 25% off grocery store prices every day will resonate with families in Forney and across the Dallas-Fort Worth area. We’re energized by the enthusiasm we’ve seen in the community and are eager to welcome families to BJ’s.”


The Forney location will be BJ’s 264th club and 202nd gas station. The company plans to open three more Texas clubs --- in Waxahachie, Southwest Fort Worth and Grand Prairie, in the coming weeks.


BJ’s offers unbeatable value on everyday essentials in a convenient one-stop shop. Members save on fresh foods, produce, full-service deli items, fresh bakery goods, household essentials, home décor, pet supplies, toys, consumer electronics and more. BJ’s members love the true treasure-hunt shopping experience, discovering new and exciting items with each visit.


For added convenience, BJ’s members can choose from several time-saving options, whether shopping online or in-club. Curbside pickup, same-day delivery** and shipping are available on BJs.com. Members shopping in-club can use ExpressPay*** through the BJ’s mobile app to scan products as they shop and skip the checkout line.


Additional member perks include:



Unbeatable grocery prices: Members can save up to 25% off grocery store prices every day



A risk-free membership: Shoppers can try BJ’s risk-free with the company’s 100% money-back guarantee



BJ’s coupons + manufacturers’ coupons: Members can combine BJ’s coupons with many manufacturers’ coupons to maximize savings



BJ’s is committed to nourishing the communities it serves and is driven by a powerful purpose: “We take care of the families who depend on us.” For over 15 years, the company has worked with Feeding America and its network of food banks, providing more than 165 million meals for those in need.


Locally, BJ’s is supporting Forney Food Pantry with a $25,000 grant to further support access, storage and distribution of nutritious food and hygiene supplies.


“We’re thrilled to welcome BJ’s Wholesale Club to Forney, and as a partner in alleviating hunger and nourishing hope,” said Natalie McAlanis, Forney Food Pantry Director. “The funds from this generous grant will be invaluable as we continue to work towards a community where no one goes hungry.”


Learn more at BJs.com/Forney.


About BJ's Wholesale Club Holdings, Inc.


BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 263 clubs and 201 BJ's Gas® locations in 21 states. For more information, please visit us at BJs.com or on Facebook, or Instagram.


About Forney Food Pantry


The Forney Food Pantry is a nonprofit organization serving local families through weekly food distributions and supportive programs, including a student backpack initiative and access to essential items. With the help of dedicated volunteers and community partners, the pantry provides nourishment, dignity, and hope to neighbors in need.


*Requires BJ’s Easy Renewal®

**Not available in all ZIP codes. Log in to your account to confirm availability.

***Terms apply. Visit bjs.com/expresspay for more details.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260417721388/en/
Media:

Kirk Saville

Head of Corporate Communications

BJ’s Wholesale Club

ksaville@bjs.com

774-512-5597
Briana Keene

Sr. Manager, External Communications

BJ’s Wholesale Club

bkeene@bjs.com

774-512-6802


Original: BJ’s Wholesale Club Marks Texas Debut with Grand Opening of Forney Location

BJ’s Wholesale Club Names Stephanie Reibling Executive Vice President, Chief Merchandising OfficerApril 1, 2026 4:30 PM
Business Wire
BJ’s Wholesale Club (NYSE: BJ) today announced that Stephanie Reibling has been named Executive Vice President, Chief Merchandising Officer, effective immediately.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260401337271/en/Stephanie Reibling, Executive Vice President, Chief Merchandising Officer, BJ's Wholesale Club
Reibling will lead the company’s merchandising organization, playing a critical role in driving BJ’s merchandising transformation and delivering continued growth across categories. Reibling will report to Paul Cichocki, EVP, Chief Commercial Officer.


“We’re thrilled to welcome Stephanie to BJ’s Wholesale Club,” Cichocki said. “Her experience in retail and merchandising will be invaluable as we evolve our assortment, build BJ's own brands and advance our omnichannel capabilities.”


“I look forward to working with Stephanie as we accelerate BJ’s merchandising transformation,” said Bob Eddy, Chairman and CEO, BJ’s Wholesale Club. “The club channel is thriving, and Stephanie brings a deep knowledge of the space and a track record of driving growth. She will have an immediate impact as we continue to deliver unbeatable value and exciting products to our members.”


Reibling brings nearly 25 years of experience across merchandising, product and brand development and sourcing. Most recently, she served as senior vice president, general merchandise manager at Sam’s Club, where she led a broad portfolio across apparel, home, hardlines, toys and seasonal categories for both clubs and e-commerce.


Earlier in her career, Reibling held divisional merchandising roles at Walmart, leading categories including DIY, sports and outdoors, kids apparel and home. She also held leadership roles at Gap Inc. Reibling holds an MBA from Columbia Business School and a bachelor’s degree in finance and accounting from the University of Michigan.


About BJ's Wholesale Club Holdings, Inc.


BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 263 clubs and 201 BJ's Gas® locations in 21 states. For more information, please visit us at BJs.com or on Facebook, or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401337271/en/
Media:

Kirk Saville

Head of Corporate Communications

BJ’s Wholesale Club

ksaville@bjs.com

774-512-5597


Briana Keene

Sr. Manager, External Communications

BJ’s Wholesale Club

bkeene@bjs.com

774-512-6802


Original: BJ’s Wholesale Club Names Stephanie Reibling Executive Vice President, Chief Merchandising Officer

BJ’s Wholesale shares dip after revenue miss and softer outlookMarch 5, 2026 10:47 AM
IH Market News
BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) reported fourth-quarter results that topped profit expectations but fell short on revenue, while its fiscal 2026 outlook came in below Wall Street forecasts, sending the stock down about 2.5% in premarket trading on Thursday.For the quarter ended January 31, the warehouse retailer posted adjusted earnings per share of $0.96, beating analyst estimates of $0.92 by $0.04. Revenue totaled $5.44 billion, however, missing the consensus forecast of $5.54 billion despite rising 5.5% from $5.16 billion a year earlier.Comparable club sales increased 1.6% year over year, or 2.6% excluding gasoline sales. The company said performance was supported by membership growth, stronger digital activity and higher store traffic, marking the 16th straight quarter of traffic gains.Looking ahead, BJ’s forecast fiscal 2026 adjusted earnings per share of $4.40 to $4.60. The midpoint of $4.50 sits below the analyst consensus of $4.66. Comparable club sales excluding gasoline are expected to grow between 2.0% and 3.0% year over year. The company also plans about $800 million in capital spending for new club openings and upgrades to its distribution network.“As we reflect on the year, our results demonstrate the strength of our transformation and disciplined execution of our long-term priorities,” said Bob Eddy, Chairman and Chief Executive Officer. “Record membership, strong digital engagement, and our 16th consecutive quarter of traffic growth show how effectively our teams are delivering value and convenience to our members.”Membership fee income rose 10.9% to $129.8 million in the quarter, driven by new sign-ups, higher retention and greater adoption of premium membership tiers, along with the annual membership fee increase introduced in January 2025.BJ’s maintained a 90% renewal rate among tenured members in fiscal 2025. Digitally enabled comparable sales jumped 31%, representing 57% growth on a two-year stacked basis. During the quarter, the retailer opened seven new warehouse clubs and seven additional gas stations.

Original: BJ’s Wholesale shares dip after revenue miss and softer outlook

BJ’s Wholesale Club Holdings, Inc. Announces Fourth Quarter and Full Fiscal 2025 ResultsMarch 5, 2026 6:45 AM
Business Wire
Strong fourth quarter and record year driven by growth in membership, digital sales and traffic


Fourth Quarter of Fiscal 2025 Highlights



Comparable club sales increased by 1.6% year-over-year



Comparable club sales, excluding gasoline sales, increased by 2.6% year-over-year



Membership fee income increased by 10.9% year-over-year to $129.8 million



The Company continued to achieve a 90% tenured member renewal rate during fiscal 2025



Digitally enabled comparable sales growth was 31%, reflecting two-year stacked comp growth of 57%



Earnings per diluted share and adjusted earnings per diluted share(a) of $0.96



The Company opened 7 new clubs and 7 new gas stations



BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the “Company”) today announced its financial results for the thirteen and fifty-two weeks ended January 31, 2026.


“As we reflect on the year, our results demonstrate the strength of our transformation and disciplined execution of our long-term priorities. Record membership, strong digital engagement, and our 16th consecutive quarter of traffic growth show how effectively our teams are delivering value and convenience to our members,” said Bob Eddy, Chairman and Chief Executive Officer, BJ’s Wholesale Club. “Our focus on enhancing our assortment, investing in value, and expanding our footprint continues to resonate, and I’m proud of the progress we made this year.”



Key Measures for the Thirteen Weeks Ended January 31, 2026 (Fourth Quarter of Fiscal 2025) and for the Fifty-Two Weeks Ended January 31, 2026 (Fiscal 2025):


 



BJ’S WHOLESALE CLUB HOLDINGS, INC.








(Amounts in thousands, except per share amounts)














 



 






Thirteen Weeks Ended






 






%




Growth (Decline)






 






Fifty-two Weeks Ended






 






%




Growth








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Net sales






$






5,445,635






 






$






5,161,536






 






5.5






%






 






$






20,957,502






 






$






20,045,329






 






4.6






%








Membership fee income






 






129,753






 






 






116,990






 






10.9






%






 






 






499,772






 






 






456,475






 






9.5






%








Total revenues






 






5,575,388






 






 






5,278,526






 






5.6






%






 






 






21,457,274






 






 






20,501,804






 






4.7






%








 






 






 






 






 






 






 






 






 






 






 






 








Operating income






 






178,078






 






 






178,393






 






(0.2






)%






 






 






816,604






 






 






772,206






 






5.7






%








Net income






 






125,854






 






 






122,662






 






2.6






%






 






 






578,377






 






 






534,417






 






8.2






%








EPS (b)






 






0.96






 






 






0.92






 






4.3






%






 






 






4.38






 






 






4.00






 






9.5






%








Adjusted net income (a)






 






125,854






 






 






124,117






 






1.4






%






 






 






581,311






 






 






541,111






 






7.4






%








Adjusted EPS (a)






 






0.96






 






 






0.93






 






3.2






%






 






 






4.40






 






 






4.05






 






8.6






%








Adjusted EBITDA (a)






 






266,497






 






 






264,568






 






0.7






%






 






 






1,157,579






 






 






1,090,595






 






6.1






%








Basic weighted-average shares outstanding






 






130,213






 






 






131,690






 






 






 






 






131,193






 






 






132,150






 






 








Diluted weighted-average shares outstanding






 






131,075






 






 






133,128






 






 






 






 






132,066






 






 






133,605






 






 








 
 

(a) 






See “Note Regarding Non-GAAP Financial Information.”







 
 

(b)






EPS represents net income per diluted share.







Additional Highlights:



Total comparable club sales increased by 1.6% and 1.0% in the fourth quarter and fiscal 2025, respectively, compared to the same periods in fiscal 2024. Excluding the impact of gasoline sales, comparable club sales increased by 2.6% in each of the fourth quarter and fiscal 2025, respectively, compared to the same periods in fiscal 2024.



Membership fee income increased to $129.8 million in the fourth quarter of fiscal 2025 from $117.0 million in the fourth quarter of fiscal 2024. Membership fee income increased to $499.8 million in fiscal 2025 compared to $456.5 million in fiscal 2024. The increase in both comparative periods was primarily driven by strength in membership acquisition, retention, and higher tier membership penetration across both new and existing clubs, as well as the increase in annual membership fees, which became effective in January 2025.



Gross profit increased to $1.01 billion in the fourth quarter of fiscal 2025 from $949.0 million in the fourth quarter of fiscal 2024. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, decreased by approximately 50 basis points compared to the fourth quarter of fiscal 2024, driven by changes in merchandise mix. Gross profit increased to $4.00 billion in fiscal 2025 from $3.76 billion in fiscal 2024. Merchandise gross margin rate remained flat compared to fiscal 2024. The Company continues to manage the business to drive profitable growth across the broader merchandise assortment.



Selling, general and administrative expenses (“SG&A”) increased to $818.2 million in the fourth quarter of fiscal 2025 compared to $758.2 million in the fourth quarter of fiscal 2024. SG&A increased to $3.15 billion in fiscal 2025 compared to $2.96 billion in fiscal 2024. The increase in both comparative periods was primarily driven by increased labor, occupancy, and operational costs mainly as a result of new club and gas station openings. Additionally, an increase in the number of owned clubs has resulted in increased depreciation expense year-over-year. During fiscal 2024, the Company benefitted from the net impact of legal settlements reached of approximately $20 million, which contributed to the increase in SG&A expenses year-over-year.



Income tax expense decreased to $41.6 million in the fourth quarter of fiscal 2025 compared to $43.7 million in the fourth quarter of fiscal 2024, primarily driven by a gain recognized on transferable tax credits, partially offset by lower tax benefits from stock-based compensation. Income tax expense increased to $195.8 million in fiscal 2025 compared to $186.4 million in fiscal 2024, primarily driven by an increase in income before income taxes and lower tax benefits from stock-based compensation, partially offset by gains recognized on transferable tax credits.



Net income increased to $125.9 million in the fourth quarter of fiscal 2025 compared to $122.7 million in the fourth quarter of fiscal 2024. Net income increased to $578.4 million in fiscal 2025 compared to $534.4 million in fiscal 2024.



Adjusted EBITDA increased by 0.7% to $266.5 million in the fourth quarter of fiscal 2025 compared to $264.6 million in the fourth quarter of fiscal 2024. Adjusted EBITDA increased by 6.1% to $1.16 billion in fiscal 2025 compared to $1.09 billion in fiscal 2024.



Under its existing share repurchase program, the Company repurchased 1,264,000 shares of common stock, totaling $117.7 million, inclusive of associated costs, in the fourth quarter of fiscal 2025. In fiscal 2025, the Company repurchased 2,599,000 shares of common stock, totaling $252.4 million, inclusive of associated costs, under such program, and $749.7 million remained available to purchase.



Fiscal 2026 Ending January 30, 2027 Outlook


“Our results this year demonstrate the strength of our model and disciplined execution across the business. We continued to grow membership fee income, manage costs effectively, and invest in value for our members,” said Laura Felice, Executive Vice President, Chief Financial Officer, BJ’s Wholesale Club. “As we enter fiscal 2026, we remain confident in our long-term strategy and our ability to navigate the environment while driving sustainable, profitable growth.”


The Company provided the following guidance for fiscal 2026:



Comparable club sales, excluding the impact of gasoline sales, to increase 2.0% to 3.0% year-over-year



Adjusted EPS to range from $4.40 to $4.60



Capital expenditures of approximately $800 million, reflecting continued investment in new club openings and enhancements across our distribution network, including the ambient distribution center



Conference Call Details


A conference call to discuss the Company’s fourth quarter and fiscal 2025 financial results is scheduled for today, March 5, 2026, at 8:30 A.M. Eastern Time. The live audio webcast of the call can be accessed under the “Events and Presentations” section of the Company’s investor relations website at https://investors.bjs.com and will remain available for one year. Participants may also dial (833) 470-1428 within the U.S. or +1 (929) 526-1599 outside the U.S. and reference conference ID 006082.


About BJ’s Wholesale Club Holdings, Inc.


BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The Company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ’s offers the latest technology, home decor, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the Company pioneered the warehouse club model in New England in 1984 and currently operates 263 clubs and 199 BJ’s Gas® locations in 21 states. For more information, please visit us at www.bjs.com.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position; our anticipated fiscal 2026 outlook; the timing and amounts of any share repurchases under our current authorized share repurchase program; and our strategic priorities and future progress, as well as statements that include the words “expect,” “intend,” “plan,” “confident,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “can” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: uncertainties in the financial markets, including, without limitation, as a result of disruptions and instability in the banking and financial services industries or as a result of wars and global political conflicts, consumer and small business spending patterns and debt levels; our dependence on having a large and loyal membership; domestic and international economic conditions, including volatility in inflation or interest rates, supply chain disruptions, construction delays and exchange rates; our ability to procure the merchandise we sell at the best possible prices; the effects of competition and regulation; our dependence on vendors to supply us with quality merchandise at the right time and at the right price; breaches of security or privacy of member or business information; conditions affecting the acquisition, development, ownership or use of real estate; our capital spending; actions of vendors; our ability to attract and retain a qualified management team and other team members; costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions (including tariffs); changes in our product mix or in our revenues from gasoline sales; our failure to successfully maintain a relevant digital experience for our members; risks related to our growth strategy to open new clubs; risks related to our e-commerce business; our ability to grow our BJ’s One Mastercard® program; and other important factors discussed under the caption “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2025, and subsequent filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Thus, one should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.


Non-GAAP Financial Measures


We refer to certain financial measures that are not recognized under United States generally accepted accounting principles (“GAAP”). Please see “Note Regarding Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and a reconciliation of the Non-GAAP financial measures to the most comparable GAAP financial measures.




BJ’S WHOLESALE CLUB HOLDINGS, INC.








CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS








(Amounts in thousands, except per share amounts)








(Unaudited)










 



 






Thirteen Weeks Ended






 






Fifty-two Weeks Ended








 






January 31, 2026






 






February 1, 2025






January 31, 2026






 






February 1, 2025








Net sales






$






5,445,635






 






$






5,161,536






 






$






20,957,502






 






$






20,045,329








Membership fee income






 






129,753






 






 






116,990






 






 






499,772






 






 






456,475








Total revenues






 






5,575,388






 






 






5,278,526






 






 






21,457,274






 






 






20,501,804








Cost of sales






 






4,565,777






 






 






4,329,542






 






 






17,457,652






 






 






16,737,378








Selling, general and administrative expenses






 






818,188






 






 






758,209






 






 






3,153,577






 






 






2,963,883








Pre-opening expenses






 






13,345






 






 






12,382






 






 






29,441






 






 






28,337








Operating income






 






178,078






 






 






178,393






 






 






816,604






 






 






772,206








Interest expense, net






 






10,592






 






 






12,060






 






 






42,393






 






 






51,359








Income before income taxes






 






167,486






 






 






166,333






 






 






774,211






 






 






720,847








Provision for income taxes






 






41,632






 






 






43,671






 






 






195,834






 






 






186,430








Net income






$






125,854






 






$






122,662






 






$






578,377






 






$






534,417








 






 






 






 






 






 






 






 








Income per share attributable to common stockholders—basic:






$






0.97






 






$






0.93






 






$






4.41






 






$






4.04








Income per share attributable to common stockholders—diluted:






$






0.96






 






$






0.92






 






$






4.38






 






$






4.00








 






 






 






 






 






 






 






 








Weighted-average number of shares outstanding:






 






 






 






 






 






 






 








Basic






 






130,213






 






 






131,690






 






 






131,193






 






 






132,150








Diluted






 






131,075






 






 






133,128






 






 






132,066






 






 






133,605









BJ’S WHOLESALE CLUB HOLDINGS, INC.








CONDENSED CONSOLIDATED BALANCE SHEETS








(Amounts in thousands, except per share amounts)








(Unaudited)










 



 






January 31, 2026






 






February 1, 2025








ASSETS






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






46,245






 






$






28,272








Accounts receivable, net






 






252,789






 






 






277,326








Merchandise inventories






 






1,555,471






 






 






1,508,988








Prepaid expense and other current assets






 






135,584






 






 






64,374








Total current assets






 






1,990,089






 






 






1,878,960








 






 






 






 








Operating lease right-of-use assets, net






 






1,976,013






 






 






2,100,257








Property and equipment, net






 






2,364,552






 






 






1,897,604








Goodwill






 






1,008,816






 






 






1,008,816








Intangibles, net






 






95,462






 






 






101,109








Deferred income taxes






 






4,427






 






 






6,975








Other assets






 






71,116






 






 






71,584








Total assets






$






7,510,475






 






$






7,065,305








 






 






 






 








LIABILITIES






 






 






 








Current liabilities:






 






 






 








Short-term debt






$






120,000






 






$






175,000








Current portion of operating lease liabilities






 






209,249






 






 






192,528








Accounts payable






 






1,307,405






 






 






1,253,512








Accrued expenses and other current liabilities






 






1,033,579






 






 






913,042








Total current liabilities






 






2,670,233






 






 






2,534,082








 






 






 






 








Long-term operating lease liabilities






 






1,880,383






 






 






2,013,962








Long-term debt






 






399,099






 






 






398,807








Deferred income taxes






 






64,889






 






 






59,659








Other non-current liabilities






 






298,212






 






 






211,341








 






 






 






 








STOCKHOLDERS' EQUITY






 






2,197,659






 






 






1,847,454








Total liabilities and stockholders' equity






$






7,510,475






 






$






7,065,305









BJ’S WHOLESALE CLUB HOLDINGS, INC.








CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS








(Amounts in thousands, except per share amounts)








(Unaudited)








 



 






Fifty-two Weeks Ended








 






January 31, 2026






 






February 1, 2025








CASH FLOWS FROM OPERATING ACTIVITIES






 






 






 








Net income






$






578,377






 






 






$






534,417






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






288,594






 






 






 






262,068






 








Amortization of debt issuance costs and accretion of original issue discount






 






1,091






 






 






 






1,104






 








Debt extinguishment and refinancing charges






 






—






 






 






 






870






 








Stock-based compensation expense






 






47,200






 






 






 






47,798






 








Deferred income tax provision (benefit)






 






7,839






 






 






 






(18,493






)








Changes in operating leases and other non-cash items






 






7,109






 






 






 






42,617






 








Increase (decrease) in cash due to changes in:






 






 






 








Accounts receivable, net






 






24,787






 






 






 






(51,629






)








Merchandise inventories






 






(46,483






)






 






 






(54,166






)








Accounts payable






 






53,893






 






 






 






70,231






 








Accrued expenses and other current liabilities






 






111,373






 






 






 






94,722






 








Other operating assets and liabilities, net






 






(43,724






)






 






 






(28,667






)








Net cash provided by operating activities






 






1,030,056






 






 






 






900,872






 








CASH FLOWS FROM INVESTING ACTIVITIES






 






 






 








Additions to property and equipment, net of disposals and proceeds from sale-leaseback transactions






 






(699,053






)






 






 






(587,983






)








Other investing activities






 






(3,291






)






 






 






(1,583






)








Net cash used in investing activities






 






(702,344






)






 






 






(589,566






)








CASH FLOWS FROM FINANCING ACTIVITIES






 






 






 








Proceeds from the issuance of long-term debt






 






—






 






 






 






27,000






 








Payments on long-term debt






 






—






 






 






 






(27,000






)








Proceeds from revolving lines of credit






 






476,000






 






 






 






717,000






 








Payments on revolving lines of credit






 






(531,000






)






 






 






(861,000






)








Debt issuance costs paid






 






—






 






 






 






(800






)








Net cash received from stock option exercises






 






5,014






 






 






 






18,275






 








Net cash received from Employee Stock Purchase Program






 






8,656






 






 






 






7,002






 








Acquisition of treasury stock






 






(286,787






)






 






 






(219,632






)








Proceeds from financing obligations






 






27,770






 






 






 






27,340






 








Other financing activities






 






(9,392






)






 






 






(7,268






)








Net cash used in financing activities






 






(309,739






)






 






 






(319,083






)








Net increase (decrease) in cash and cash equivalents






 






17,973






 






 






 






(7,777






)








Cash and cash equivalents at beginning of period






 






28,272






 






 






 






36,049






 








Cash and cash equivalents at end of period






$






46,245






 






 






$






28,272






 







Note Regarding Non-GAAP Financial Information


This press release includes financial measures that are not calculated in accordance with GAAP, including adjusted net income, adjusted net income per diluted share (“adjusted EPS”), adjusted EBITDA, adjusted free cash flow, net debt, net debt to last twelve months (“LTM”) adjusted EBITDA, and comparable club sales.


We define adjusted net income as net income as reported, adjusted for non-recurring, infrequent, or unusual changes, including restructuring charges, and other adjustments that the Company believes appropriate, net of the tax impact of such adjustments.


We define adjusted EPS as adjusted net income divided by the weighted-average diluted shares outstanding.


We define adjusted EBITDA as net income before interest expense, net, provision for income taxes and depreciation and amortization, adjusted for the impact of certain other items, including: stock-based compensation expense; restructuring and other adjustments.


We define adjusted free cash flow as net cash provided by operating activities less additions to property and equipment, net of disposals, plus proceeds from sale-leaseback transactions.


We define net debt as total debt outstanding less cash and cash equivalents.


We define net debt to LTM adjusted EBITDA as net debt at the balance sheet date divided by adjusted EBITDA for the trailing twelve-month period.


We present adjusted net income, adjusted EPS and adjusted EBITDA, which are not recognized financial measures under GAAP, because we believe such measures assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.


We believe that adjusted net income, adjusted EPS and adjusted EBITDA are helpful in highlighting trends in our core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate and capital investments. We use adjusted net income, adjusted EPS and adjusted EBITDA to supplement GAAP measures of performance in the evaluation of the effectiveness of our business strategies; to make budgeting decisions; and to compare our performance against that of other peer companies using similar measures. We also use adjusted EBITDA and adjusted EPS in connection with establishing annual and long-term incentive compensation.


We present adjusted free cash flow, which is not a recognized financial measure under GAAP, because we use it to report to our Board of Directors and we believe it assists investors and analysts in evaluating our liquidity. Adjusted free cash flow should not be considered as an alternative to cash flows from operations as a liquidity measure. We present net debt and net debt to LTM adjusted EBITDA, which are not recognized as financial measures under GAAP, because we use them to report to our Board of Directors and we believe they assist investors and analysts in evaluating our borrowing capacity. Net debt to LTM adjusted EBITDA is a key financial measure that is used by management to assess the borrowing capacity of the Company.


You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating adjusted net income, adjusted EPS, adjusted EBITDA and net debt to LTM adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or like some of the adjustments in our presentation of these metrics. Our presentation of adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA should not be considered as alternatives to any other measure derived in accordance with GAAP and they should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-recurring items. There can be no assurance that we will not modify the presentation of adjusted net income, adjusted EPS, adjusted EBITDA or net debt to LTM adjusted EBITDA in the future, and any such modification may be material. In addition, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA may not be comparable to similarly titled measures used by other companies in our industry or across different industries. Additionally, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP.


In reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K, the Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, including of its projected range for adjusted EPS for Fiscal 2026 to net income per diluted share, which is the most directly comparable GAAP measure, under “Fiscal 2026 Ending January 30, 2027” above, where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items or there are no meaningful adjustments to be presented in the reconciliation and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various items that would impact net income per diluted share, if any. This includes items that have not yet occurred, are out of the Company’s control, cannot be reasonably predicted and/or for which there would not be any meaningful adjustment or difference. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The information under “Fiscal 2026 Ending January 30, 2027” above, including expectations about adjusted EPS reflects management’s view of current and future market conditions. To the extent actual results differ from our current expectations, the Company’s results may differ materially from the expectations set forth above. Other factors, as referenced elsewhere in this press release, may also cause the Company’s results to differ materially from the expectations set forth above.




Reconciliation of GAAP to Non-GAAP Financial Information







 



BJ’S WHOLESALE CLUB HOLDINGS, INC.








Reconciliation of net income to adjusted net income and adjusted EPS








(Amounts in thousands, except per share amounts)








(Unaudited)










 



 






Thirteen Weeks Ended






 






Fifty-two Weeks Ended








 






January 31, 2026






 






February 1, 2025






January 31, 2026






 






February 1, 2025








Net income as reported






$






125,854






 






$






122,662






 






 






$






578,377






 






 






$






534,417






 








Adjustments:






 






 






 






 






 






 






 








Charges related to debt (a)






 






—






 






 






870






 






 






 






—






 






 






 






870






 








Restructuring (b)






 






—






 






 






1,151






 






 






 






4,075






 






 






 






8,427






 








Tax impact of adjustments to net income (c)






 






—






 






 






(566






)






 






 






(1,141






)






 






 






(2,603






)








Adjusted net income






$






125,854






 






$






124,117






 






 






$






581,311






 






 






$






541,111






 








 






 






 






 






 






 






 






 








Weighted-average diluted shares outstanding






 






131,075






 






 






133,128






 






 






 






132,066






 






 






 






133,605






 








Adjusted EPS (d)






$






0.96






 






$






0.93






 






 






$






4.40






 






 






$






4.05










(a) 






Represents the expensing of fees, deferred fees, and original issue discount associated with the amendment of the senior secured first lien term loan.








(b)






Represents charges related to the restructuring of certain corporate and club functions including costs for severance, retention, outplacement, consulting fees, and other third-party fees.








(c)






Represents the tax effect of the above adjustments at a statutory tax rate of approximately 28%.








(d)






Adjusted EPS is measured using weighted-average diluted shares outstanding. 









BJ’S WHOLESALE CLUB HOLDINGS, INC.








Reconciliation to adjusted EBITDA








(Amounts in thousands)








(Unaudited)










 



 






Thirteen Weeks Ended






 






Fifty-two Weeks Ended








 






January 31, 2026






 






February 1, 2025






January 31, 2026






 






February 1, 2025








Net income






$






125,854






 






$






122,662






 






 






$






578,377






 






$






534,417








Interest expense, net






 






10,592






 






 






12,060






 






 






 






42,393






 






 






51,359








Provision for income taxes






 






41,632






 






 






43,671






 






 






 






195,834






 






 






186,430








Depreciation and amortization






 






74,678






 






 






67,830






 






 






 






288,594






 






 






262,068








Stock-based compensation expense






 






13,614






 






 






18,158






 






 






 






47,200






 






 






47,798








Restructuring (a)






 






—






 






 






1,151






 






 






 






4,075






 






 






8,427








Other adjustments (b)






 






127






 






 






(964






)






 






 






1,106






 






 






96








Adjusted EBITDA






$






266,497






 






$






264,568






 






 






$






1,157,579






 






$






1,090,595









(a)






Represents charges related to the restructuring of certain corporate and club functions including costs for severance, retention, outplacement, consulting fees, and other third-party fees.








(b)






Other non-cash items, including non-cash accretion on asset retirement obligations and obligations associated with our post-retirement medical plan.









BJ’S WHOLESALE CLUB HOLDINGS, INC.








Reconciliation to adjusted free cash flow








(Amounts in thousands)








(Unaudited)










 



 






Thirteen Weeks Ended






 






Fifty-two Weeks Ended








 






January 31, 2026






 






February 1, 2025






January 31, 2026






 






February 1, 2025








Net cash provided by operating activities






$






390,955






 






 






$






271,917






 






 






$






1,030,056






 






 






$






900,872






 








Less: Additions to property and equipment, net of disposals






 






(201,100






)






 






 






(160,430






)






 






 






(702,048






)






 






 






(587,983






)








Plus: Proceeds from sale-leaseback transactions






 






—






 






 






 






—






 






 






 






2,995






 






 






 






—






 








Adjusted free cash flow






$






189,855






 






 






$






111,487






 






 






$






331,003






 






 






$






312,889






 









BJ’S WHOLESALE CLUB HOLDINGS, INC.








Reconciliation of net debt and net debt to LTM adjusted EBITDA








(Amounts in thousands)








(Unaudited)








 



 






January 31, 2026








Total debt






$






519,099






 








Less: Cash and cash equivalents






 






(46,245






)








Net debt






$






472,854






 








 






 








Adjusted EBITDA(a)






$






1,157,579






 








 






 








Net debt to LTM adjusted EBITDA






0.4x









(a)






See “Reconciliation to Adjusted EBITDA (unaudited)” table above.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305612539/en/
Investor Contact:

Diana Rashkow

Vice President, Investor Relations

drashkow@bjs.com

774-512-6172


Media Contact:

Kirk Saville

Head of Corporate Communications

ksaville@bjs.com

774-512-5597


Original: BJ’s Wholesale Club Holdings, Inc. Announces Fourth Quarter and Full Fiscal 2025 Results