The accompanying notes are an integral part of the consolidated financial statements. The accompanying notes are an integral part of the condensed consolidated financial statements. The Company's accounting policies are set forth in the audited financial statements included in the Company's Annual Report on Form 10-K for fiscal year 2022. There have been no material changes to these accounting policies and no accounting pronouncements adopted that had a material impact on the Company's financial statements. ...

Financial Data and Key Metrics Changes - In Q3 2023, the company reported net sales of approximately $4.8 billion, reflecting a growth of nearly 3% year-over-year [10] - Adjusted EBITDA for the third quarter was $274.9 million, with adjusted EPS at $0.98, indicating sales and margin growth supported by strong membership and healthy fuel profits [29][122] - Membership fee income grew nearly 7% to approximately $106.1 million in Q3, with overall member counts increasing nearly 6% year-over-year [11][86] Business Line Data and Key Metrics Changes - Merchandise comparable sales, excluding gas sales, decreased by 0.1% year-over-year, but showed an increase of over 5% on a two-year stack [10] - General merchandise comps improved by almost 500 basis points over Q2 levels, with October showing an improvement of nearly 800 basis points [3][61] - Own brand sales penetration is on track to grow to 25% for the full year, with a goal of reaching 30% over time [8] Market Data and Key Metrics Changes - The gasoline business saw comp gallon growth of nearly 3% in Q3, contrasting with the industry, which experienced negative growth [11][120] - Digital comp sales grew by 16% in Q3, now comprising over 10% of total net merchandise sales [8][28] - The company gained market share in key categories, with overall consumer health remaining strong despite macroeconomic challenges [19][21] Company Strategy and Development Direction - The company is focused on enhancing its general merchandise offerings, which currently represent less than 15% of its business, with plans for significant growth in this area [6] - A member-centric approach is being emphasized, with strategies aimed at improving member loyalty and driving an unbeatable shopping experience [22][111] - The company is committed to maintaining its value proposition for members, especially in light of current economic conditions [14][77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth despite navigating high levels of uncertainty due to disinflation, geopolitics, and high interest rates [13][49] - The company is optimistic about capturing market share during the holiday season, even as members remain selective in discretionary spending [28][111] - Management highlighted the importance of maintaining a strong value proposition to attract and retain members [19][81] Other Important Information - The company plans to open five more clubs in Q4, bringing the total to nine new clubs for the fiscal year [26] - The company has invested in automation, with fully autonomous AI-powered robots expected to be in all clubs by the end of the month, enhancing operational efficiency [8] - The capital allocation strategy focuses on profitably growing the business while returning excess cash to shareholders through share repurchases [98] Q&A Session All Questions and Answers Question: What drove the acceleration in membership dollar growth? - Management noted that membership growth was stronger than expected, driven by effective market offers and quality memberships [92][109] Question: How does the company view the general merchandise category moving forward? - Management acknowledged that while general merchandise remains challenging, improvements in product assortment and pricing are expected to drive growth [104][111] Question: What are the expectations for labor costs in the coming quarters? - Management indicated that while labor is always a consideration, they do not foresee the need for significant investments in labor costs moving forward [82]

_______________________________ FORM 10-Q _______________________________ OR For the transition period from to BJ'S WHOLESALE CLUB HOLDINGS, INC. (Exact name of registrant as specified in its charter) _______________________________ 350 Campus Drive Marlborough, Massachusetts 01752 (Address of principal executive offices) (Zip Code) N/A (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be fil ...

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Cathy Park - Investor Relations Bob Eddy - Chairman and Chief Executive Officer Laura Felice - Chief Financial Officer Bill Werner - Executive Vice President, Strategy and Development Conference Call Participants Peter Benedict - Baird Robert Ohmes - Bank of America Edward Kelly - Wells Fargo Kate McShane - Goldman Sachs Michael Baker - D.A. Davidson Mark Carden - UBS Operator Hello, ...

13 The gross carrying amount and fair value of the Company's debt at April 29, 2023 are as follows (in thousands): The gross carrying amount and fair value of the Company's debt at April 30, 2022 are as follows (in thousands): The Company believes that the carrying amounts of its other financial instruments, including cash, accounts receivable, and accounts payable, approximates their carrying value due to the short-term maturities of these instruments. The table below summarizes anti-dilutive awards that w ...

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Q1 2023 Earnings Conference Call May 23, 2023 8:00 AM ET Company Participants Cathy Park - Investor Relations Bob Eddy - President and Chief Executive Officer Laura Felice - Chief Financial Officer Bill Werner - Executive Vice President, Strategy and Development Conference Call Participants Kate McShane - Goldman Sachs Edward Kelly - Wells Fargo Chuck Grom - Gordon Haskett Simeon Gutman - Morgan Stanley Robby Ohmes - Bank of America Peter Benedict - Baird Mike Ba ...

Financial Position - As of January 28, 2023, the company had $405.0 million in loans outstanding under the ABL Revolving Facility and $11.5 million in outstanding letters of credit, with an interest rate of 5.63%[190] - The company recorded a net interest expense of $47.462 million for the period ending January 28, 2023, down from $59.444 million in the previous fiscal year[200] - Scheduled future minimum principal payments on debt total $855.0 million, with $405.0 million due in fiscal year 2023 and $450.0 million in 2027[199] - The company had unused capacity of $535.2 million under the ABL Revolving Facility as of January 28, 2023[190] - Company is exposed to changes in market interest rates, which could materially impact cash flow due to variable interest rates on borrowings[590] - As of January 28, 2023, all variable rate debt agreements have transitioned to SOFR, eliminating LIBOR-based borrowings[592] - The magnitude of LIBOR's end on borrowing costs remains uncertain, with potential for higher interest costs depending on replacement rates chosen by lenders[591] Goodwill and Intangible Assets - The carrying value of goodwill increased to $1,008.816 million as of January 28, 2023, up from $924.134 million a year earlier, reflecting an acquisition[202] - Total intangible assets amounted to $344.100 million as of January 28, 2023, with member relationships valued at $245.100 million and private label brands at $8.500 million[202] - The company anticipates amortization expenses related to intangible assets to be approximately $7.873 million for fiscal year 2023[203] Taxation - The total income tax provision for fiscal year 2023 was $176.3 million, compared to $131.1 million in 2022 and $136.8 million in 2021[222] - The effective income tax rate for fiscal year 2023 was 25.5%, up from 23.5% in 2022 and 24.5% in 2021[222] Stock-Based Compensation - Total stock-based compensation recognized for fiscal year 2022 was $42.6 million, compared to $53.8 million in 2021 and $32.2 million in 2020[209] - The total intrinsic value of options exercised in fiscal year 2022 was $25.1 million, with a tax benefit of approximately $7.0 million[214] - As of January 28, 2023, the total intrinsic value of options vested and expected to vest was $88.2 million[214] - The Company recognized $1.1 million, $0.8 million, and $0.6 million of expense under the Employee Stock Purchase Plan for fiscal years 2022, 2021, and 2020, respectively[217] - The Company had 1,788 thousand outstanding stock options at the end of the period, with a weighted-average exercise price of $20.35[214] - The fair value of restricted stock as of the vesting date was $40.5 million, while restricted stock units were valued at $1.5 million[216] - As of January 28, 2023, the Company had approximately $53.9 million of unrecognized compensation cost, expected to be recognized over the next three years[209] Workforce and Diversity - The Company had over 34,000 full-time and part-time employees as of January 28, 2023[232] - As of the end of fiscal year 2022, 43% of the total workforce were women and 55% were minorities[234] - During fiscal year 2022, 41% of new hires were women and 66% were minorities[234] - The company offers competitive programs including annual bonuses, 401(k) plans, and stock awards to support team members[235] - The company provides access to various health and wellness programs, including an onsite chiropractor and a health clinic[235] - Training and development programs are in place to help retain and advance team members into future roles[236] - The company has a zero-tolerance policy on discrimination and harassment, with systems for confidential reporting[234] - The company emphasizes the importance of diversity and inclusion through its Inclusion & Diversity Council[234] Legal Proceedings - The company is involved in various legal proceedings typical of a retail business but does not expect any material losses from current proceedings[205] Corporate Structure - The executive team includes Robert W. Eddy as President and CEO, Laura L. Felice as CFO, and Paul Cichocki as Chief Commercial Officer[243] - BJ's Wholesale Club became a publicly traded entity on July 2, 2018, under the ticker symbol "BJ" on the NYSE[238] Charitable Activities - BJ's Charitable Foundation supports nonprofit organizations focused on hunger prevention and education[237]

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Investor Day and Q4 2022 Earnings Call March 9, 2023 8:30 AM ET Company Participants Cathy Park - Vice President, Investor Relations Bob Eddy - President, Chief Executive Officer Laura Felice - Chief Financial Officer Bill Werner - Executive Vice President, Strategy and Development Rachael Vegas - Chief Merchant Monica Schwartz - Chief Digital Officer Tim Morningstar - Chief Membership Officer Paul Cichocki - Chief Commercial Officer Jeff Desroches - Chief Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________ _______________________________ Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 BJ New York Stock Exchange FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) Q3 2022 Earnings Conference Call November 17, 2022 8:30 AM ET Company Participants Bob Eddy - President, Chief Executive Officer Laura Felice - Executive Vice President, Chief Financial Officer Bill Werner - Executive Vice President, Strategy and Development Cathy Park - Vice President, Investor Relations Conference Call Participants Mike Baker - DA Davidson Edward Kelly - Wells Fargo Robbie Ohmes - Bank of America Peter Benedict - Baird Chuck Grom - Gordon Hasket ...