Forward-Looking Statements: BJ's Wholesale Club Investor Presentation August 2025 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward- looking statements, including, without limitation, statements regarding our future results of operations and financial position; our anticipated fiscal 2025 outlook; our membe ...

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]