BJ's Wholesale Club Holdings Earnings Call Transcripts
Fiscal Year 2027
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Q2 saw net sales up 15.9% and adjusted EPS up 19% year-over-year, driven by strong membership growth, robust fuel profits, and digital sales momentum. Full-year EPS guidance was raised, with continued investment in new clubs and digital capabilities.
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Net sales grew nearly 10% year-over-year, driven by strong membership gains, robust gas business, and digital engagement. Expansion in Texas exceeded expectations, and full-year guidance for comparable sales and EPS was maintained.
Fiscal Year 2026
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The meeting covered director elections, executive compensation, auditor ratification, and a shareholder proposal on majority voting, which was not approved. All Board-recommended proposals passed, and one shareholder question will be addressed online.
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Strong Q4 and full-year results featured record EPS, robust membership growth, and digital sales momentum. Guidance for fiscal 2026 anticipates 2%-3% comparable sales growth and continued investment in new clubs and digital capabilities.
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Q3 saw strong sales and membership growth, with digital sales up 30% and new clubs outperforming expectations. Merchandise comp sales rose 1.8%, and full-year EPS guidance was raised to $4.30-$4.40 amid a challenging macro environment.
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Q2 saw 2.3% comp sales growth (ex-gas), 8 million members, and 34% digital sales growth. Adjusted EBITDA rose 8% and EPS 4.6% year-over-year. Full-year comp sales guidance (ex-gas) is 2%-3.5%, with EPS guidance raised to $4.20-$4.35.
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First quarter results exceeded expectations with 4.7% net sales growth and 35% net income growth year-over-year. Membership and digital sales hit record highs, while guidance for fiscal 2025 remains unchanged despite macro uncertainty.
Fiscal Year 2025
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Q4 delivered record sales, strong membership growth, and robust digital engagement, with comps and profits exceeding expectations. Fiscal 2025 guidance calls for 2%-3.5% comp sales growth and $4.10-$4.30 adjusted EPS, supported by aggressive expansion and continued investment in value and convenience.
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Q3 saw strong sales, profit, and membership growth, with digital and fresh driving comps. Guidance for FY24 was raised, a membership fee increase was announced, and a $1B share repurchase program was approved. Investments in new clubs and digital continue to support long-term growth.
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Q2 saw strong sales, profit, and membership growth, with digital and perishables leading performance. Investments in merchandising, digital, and new clubs are expected to drive long-term growth, though near-term margins face pressure from these initiatives.