BJ’s Wholesale Club (US:BJ)2025-05-22 11:11Financial 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]