MARLBOROUGH, Mass.--(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 fourth quarter fiscal 2023 prior to the market open on Thursday, March 7, 2024 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 w ...

In the ever-evolving retail landscape, BJ's Wholesale Club Holdings, Inc. (BJ) stands as a testament to the significance of adaptability and innovation. Recognizing these as pivotal elements for success, the company has consistently expanded its membership base, elevated digital capabilities and pursued operational excellence, creating a foundation for enduring growth.BJ's Wholesale Club places a premium on delivering quality products at competitive prices, reinforcing its position in the industry. The stra ...

Key PointsAs consumer inflation and rate pressures are expected to subside in 2024, BJ’s mix of everyday staples and big ticket non-essentials could make it a retail stock winner.When BJ's reports for Q4 of 2023, Wall Street is projecting 10% and 6% year-over-year growth in revenue and EPS, respectively.On a trailing 12 months basis, $BJ is trading at 17x earnings - a huge discount compared to competitors Costco (47x) and Walmart (27x).5 stocks we like better than BJ's Wholesale ClubFrom footlong subs and c ...

MARLBOROUGH, Mass. & JOHNSON CITY, N.Y.--(BUSINESS WIRE)--BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today that its club in Johnson City, New York, will open on Friday, January 26, 2024. The club, located at 315 Reynolds Rd in Johnson City, is BJ’s 48th club in New York. BJ’s offers unmatched value on everyday essentials in a convenient one-stop shop. BJ’s members save on a wide range of items, including fresh foods, produce, full-service deli items, fresh ...

Financial Performance - Net sales for Q3 FY2023 were $4.8 billion, a 2.8% increase from $4.7 billion in Q3 FY2022, driven by growth in traffic and market share, particularly in the grocery division[104]. - Total revenues for the first nine months of FY2023 reached $14.3 billion, a 1.5% increase from $14.1 billion in the same period of FY2022, attributed to strength in the grocery division and the addition of six clubs[105]. - Membership fee income increased to $106.1 million for Q3 FY2023, compared to $99.5 million in Q3 FY2022, reflecting strong member engagement[1]. - The company reported an operating income of $199.4 million for Q3 FY2023, up from $192.0 million in Q3 FY2022, indicating improved operational efficiency[1]. - Comparable club sales increased by 0.3% for Q3 FY2023, while merchandise comparable club sales decreased by 0.1%[1]. - Free cash flow for Q3 FY2023 was $47.6 million, a decrease from $75.4 million in Q3 FY2022, indicating potential cash management challenges[1]. Membership and Engagement - The membership renewal rate was 90% at the end of FY2022, demonstrating strong member loyalty and engagement[108]. - The company has made significant investments in infrastructure to support growth, including enhancements to supply chain and digital shopping capabilities[110]. Tax and Shares - The company expects an effective annual tax rate of 28.2% for FY2023, reflecting changes in tax benefits and adjustments to deferred tax assets[116][117]. - The effective income tax rate from continuing operations was 28.1% for Q3 FY2023, up from 26.8% in Q3 FY2022, primarily due to lower tax benefits from stock-based compensation[117]. - Basic weighted-average shares of common stock outstanding for the thirteen weeks ended October 28, 2023, were 133,069 thousand, a decrease from 134,091 thousand for the same period in 2022, representing a decline of approximately 0.76%[127]. - Diluted weighted-average shares of common stock outstanding for the thirty-nine weeks ended October 28, 2023, were 135,338 thousand, down from 136,630 thousand in the prior year, indicating a decrease of about 0.95%[127]. - Incremental shares of potentially dilutive securities for the thirteen weeks ended October 28, 2023, were 1,915 thousand, compared to 2,530 thousand in the same period of 2022, reflecting a reduction of approximately 24.3%[127]. - Stock-based awards excluded from diluted earnings for the thirteen weeks ended October 28, 2023, totaled 203 thousand, while there were none in the same period of 2022, indicating a new issuance[127]. Future Outlook and Risks - The company anticipates future results of operations and financial position to be influenced by various factors, including economic conditions and consumer spending patterns[130]. - Risks identified include dependence on a large membership base and potential impacts from economic volatility, supply chain disruptions, and competition in the retail industry[130]. - The company plans to implement growth strategies by opening new clubs and gasoline stations, which may enhance market presence[130]. - The company does not assume any obligation to update forward-looking statements unless required by law, emphasizing the uncertainty of future predictions[131]. Internal Controls - Management evaluated the effectiveness of disclosure controls and procedures, concluding they were effective at the reasonable assurance level as of October 28, 2023[212]. - No changes in internal control over financial reporting were identified that materially affected the company's financial reporting during the most recent fiscal quarter[213].

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 ...