The call reflected a mix of positive trends in membership growth, market share gains, and digital sales, contrasted by challenges in merchandise sales and a cautious consumer environment. Despite some headwinds, the company's long-term strategies appear to be on track.

Company Guidance

During the Q3 2023 earnings call for BJ's Wholesale Club, the company provided robust guidance metrics highlighting its strategic priorities and financial performance. BJ's reported net sales growth of approximately 3%, with merchandise comparable sales remaining flat year-over-year, excluding gas sales. The company experienced a nearly 3% increase in comp gallons at its gas stations, a testament to its low-priced gas offering, while its consumables business achieved a 2% comp growth. BJ's adjusted EBITDA for the quarter was approximately $275 million, with adjusted earnings per share of $0.98. Membership fee income grew by nearly 7% to approximately $106.1 million, supported by a renewal rate projected to hold at 90%. For the fourth quarter, BJ's anticipates comp sales growth, excluding gas, to range from down 2% to positive 1%, aided by continued membership growth and strategic enhancements in general merchandise and services. The company remains confident in its long-term growth trajectory, focusing on improving member loyalty, expanding its digital footprint, and optimizing its merchandise offerings.

Strong Membership Growth

BJ's reported accelerating membership growth, with member counts growing nearly 6% year-over-year in the third quarter, reaching over 7 million members. The company also maintained a 90% renewal rate.

Market Share Gains

BJ's continued to gain market share, with third-party data showing share gains over each of the prior two quarters and the last three years. Their consumables business delivered a 2% comp in the third quarter.

Gasoline Business Performance

The gasoline business delivered comp gallon growth of nearly 3%, while industry volumes were down double digits. Profit per gallon exceeded expectations.

Digital Sales Growth

Digitally enabled comp sales grew 16% year-over-year in the third quarter, now comprising over 10% of net merchandise sales.

Adjusted EBITDA and EPS

BJ's reported third quarter adjusted EBITDA of approximately $275 million and adjusted earnings per share of $0.98, slightly better than expectations.

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Bj's Wholesale Club Holdings (BJ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BJ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 06, 2025	2024 (Q4)	0.86 / -	1.11	―	―	―
Nov 21, 2024	2024 (Q3)	0.94 / 1.18	0.98	20.41% (+0.20)
Aug 22, 2024	2024 (Q2)	1.01 / 1.09	0.97	12.37% (+0.12)
May 23, 2024	2024 (Q1)	0.83 / 0.85	0.85	0.00% (0.00)
Mar 07, 2024	2023 (Q4)	1.06 / 1.11	1	11.00% (+0.11)
Nov 17, 2023	2023 (Q3)	0.94 / 0.98	0.99	-1.01% (-0.01)
Aug 22, 2023	2023 (Q2)	0.90 / 0.97	1.06	-8.49% (-0.09)
May 23, 2023	2023 (Q1)	0.85 / 0.85	0.87	-2.30% (-0.02)	―
Mar 09, 2023	2022 (Q4)	0.88 / 1.00	0.8	25.00% (+0.20)
Nov 17, 2022	2022 (Q3)	0.84 / 0.99	0.91	8.79% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BJ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 21, 2024	$85.70	$92.79	+8.27%
Aug 22, 2024	$87.62	$81.66	-6.80%
May 23, 2024	$80.49	$83.20	+3.37%
Mar 07, 2024	$72.15	$78.88	+9.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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