Financial Performance - BJ's Wholesale Club reported net sales of $5.3 billion in Q2 FY25, a 3.2% increase compared to Q2 FY24 [7] - Comparable club sales, excluding gasoline impact, increased by 2.3% compared to Q2 FY24 [7] - Adjusted EPS reached $1.14 in Q2 FY25, a 4.6% increase compared to Q2 FY24 [7] - Adjusted EBITDA was $303.9 million in Q2 FY25, an 8.0% increase compared to Q2 FY24 [7] - Adjusted free cash flow was $87.3 million [7] - The company returned $167.7 million to shareholders via share repurchases in the last twelve months (LTM Q2 FY25) [7] Membership and Digital Growth - The company has 8 million members [7] - Membership Fee Income (MFI) increased by 9.0% to $123.3 million compared to Q2 FY24 [7] - The tenured renewal rate is 90% [7] - Digitally-enabled comparable sales growth was +34% [7]

Financial Performance & Membership - BJ's Wholesale Club's net sales increased by 4.7% to $5.0 billion in Q1 FY25 compared to Q1 FY24[7] - Comparable club sales, excluding gasoline impact, grew by 3.9% in Q1 FY25 compared to Q1 FY24[7] - Adjusted EPS increased by 34.1% to $1.14 in Q1 FY25 compared to Q1 FY24[7] - Adjusted EBITDA increased by 20.9% to $285.8 million in Q1 FY25 compared to Q1 FY24[7] - The company has over 7.5 million members[7] with a tenured renewal rate of 90%[7, 17] Strategic Growth & Expansion - The company opened 5 new clubs and 4 new gas stations in Q1 FY25[7] and operated 255 clubs and 190 gas stations as of May 3, 2025[7, 8, 42] - The company expects to open 25-30 new clubs over the next two fiscal years[45, 46] - The company's digital penetration is 13% of merchandise sales as of FY24[37] Market Position & Capital Allocation - The total addressable market in the U.S. for warehouse clubs is $298 billion[19] - The company returned $166.9 million to shareholders via share repurchases in the last twelve months ending Q1 FY25[7] - The company's net debt to LTM adjusted EBITDA is 0.4x[7, 63]