"Our team continues to manage the day-to-day well while staying laser-focused on executing our long-term strategic priorities." - Bob Eddy, CEO
— Bob Eddy
03Detailed Report
BJ
BJs Wholesale Club Holdings Inc
Period
Q1 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 27, 2026
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Executive Summary
BJ's Wholesale Club Holdings Inc (BJ) reported a solid first quarter for fiscal 2024, with net sales reaching approximately $4.9 billion, reflecting a 4% increase year-over-year. The company showcased resilience amid challenging market conditions, particularly lapping last year's inflation dynamics. Comparable sales growth, excluding gas, saw an increase of 0.6% driven by strong traffic and membership momentum. Management emphasized the robust performance in perishables and grocery categories, alongside an impressive 8.6% growth in membership fee income, highlighting BJ's compelling value proposition. Despite facing some headwinds in general merchandise, the company is optimistic about ongoing improvements throughout the year and plans to expand its footprint significantly with new club openings.
Key Performance Indicators
Revenue
Decreasing
4.92B
QoQ: -8.19% | YoY: -0.91%
Gross Profit
Decreasing
883.39M
17.96% margin
QoQ: -8.29% | YoY: -1.50%
Operating Income
Decreasing
161.62M
QoQ: -27.25% | YoY: -19.30%
Net Income
Decreasing
111.02M
QoQ: -23.89% | YoY: -15.46%
EPS
Decreasing
0.84
QoQ: -23.64% | YoY: -15.15%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Highlights
- Revenue: $4.918 billion, up 4% YoY
- Net Income: $111 million, reflecting a 15.5% decline YoY
- EPS: $0.84, down 15.2% YoY
- Membership Fee Income: $111.4 million, up 8.6% YoY
- Comparable Sales Growth: 0.6% (excluding gas)
- Digital Sales Growth: 21% YoY
- Cash Flow from Operating Activities: $200 million
- Total Debt: $2.895 billion with a debt-to-equity ratio of 1.895, Management Insights
- CEO Bob Eddy stated, "Our quarter was marked by continued strong growth in membership fees and market share. We are particularly proud of our continued momentum underpinned by strong traffic and unit growth."—reinforcing the positive outlook.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
4.92B
-0.91%
-8.19%
Gross Profit
883.39M
-1.50%
-8.29%
Operating Income
161.62M
-19.30%
-27.25%
Net Income
111.02M
-15.46%
-23.89%
EPS
0.84
-15.15%
-23.64%
Key Financial Ratios
Gross Profit Margin
Weak
18.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Weak
3.29%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
2.26%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
1.63%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
7.27%
Return on equity is acceptable but below top-tier companies
Current Ratio
Concern
0.74
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
1.90
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Fair Value
22.06x
P/E ratio in line with market averages
Price to Book
High Premium
6.41x
Very high premium suggests asset-light business model or lofty expectations
Management Insights Available for Members
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