BJ’s Wholesale Q1 EPS Tops Estimates; Revenue Rises 9.9% to $5.66B
BJ’s Wholesale delivered Q1 adjusted EPS of $1.10 and revenue of $5.66 billion, topping estimates, with comparable club sales up 6.3% and membership fee income rising 9.9% to $132.4 million. Digital sales jumped 28% and BJ’s secured its first Fitch investment grade rating while maintaining full-year EPS guidance of $4.40 to $4.60.
1. First-Quarter Results
BJ’s reported adjusted EPS of $1.10, beating the $1.03 consensus by $0.07, and posted revenue of $5.66 billion, up 9.9% year-over-year. Comparable club sales rose 6.3%, and comparable sales excluding gasoline increased 1.5%, while net income declined 4.7% to $142.7 million and adjusted EBITDA grew 4.3% to $298.1 million.
2. Membership and Digital Momentum
Membership fee income climbed 9.9% to $132.4 million, driven by higher acquisition, retention, and premium-tier uptake. Digitally enabled sales surged 28%, reflecting two-year stacked growth of 63%, as BJ’s opened one new club and six gas stations to expand its value proposition.
3. Fitch Rating and Outlook
BJ’s secured its first Fitch investment grade rating, underscoring improved credit metrics and supporting financial flexibility. The company repurchased 2.1 million shares for $206.6 million, has $545 million remaining in its buyback program, and reaffirmed full-year EPS guidance of $4.40 to $4.60 with comparable ex-gas sales growth projected at 2.0%–3.0%.