"Consumers are always looking for value, but it's paramount in challenging times like these. BJ's remains a leading destination for our members to find what they need and want at a great value." - Bob Eddy, CEO
— Bob Eddy
03Detailed Report
BJ
BJs Wholesale Club Holdings Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 27, 2026
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Executive Summary
BJ's Wholesale Club delivered robust financial results for the first quarter of fiscal 2025, with revenue reaching $5.15 billion, a year-over-year increase of 4.78%, exceeding investor expectations. This performance was bolstered by a 3.9% growth in comparable merchandise sales, driven by increased traffic and unit sales, particularly in essentials like perishables. Net income surged 34.9% year-over-year to $149.77 million, reflecting strong operational efficiency and effective cost management. BJ's strategic focus on enhancing digital convenience and improving member engagement continues to position it well for sustained growth, despite the challenging economic landscape characterized by inflationary pressures and changing consumer behavior.
Key Performance Indicators
Revenue
Increasing
5.15B
QoQ: -2.37% | YoY: 4.78%
Gross Profit
Increasing
969.50M
18.81% margin
QoQ: 2.16% | YoY: 9.75%
Operating Income
Increasing
203.65M
QoQ: 14.16% | YoY: 26.00%
Net Income
Increasing
149.77M
QoQ: 22.10% | YoY: 34.90%
EPS
Increasing
1.14
QoQ: 22.58% | YoY: 35.71%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $5.15 billion (YoY +4.78%, QoQ -2.37%)
Net Income: $149.77 million (YoY +34.9%, QoQ +22.1%)
Operating Income: $203.65 million (YoY +26%, QoQ +14.16%)
Gross Profit: $969.50 million (YoY +9.75%, QoQ +2.16%)
EPS: $1.13 (YoY +35.71%, QoQ +22.58%)
Membership Fee Income: $120.4 million (YoY +8.1%)
Digital Sales Growth: 35% YoY through digital initiatives.
Key ratios include a current ratio of 0.768, indicating liquidity challenges, while an interest coverage ratio of 18.35 underscores excellent ability to cover interest expenses; further solidifying financial health amid rising costs.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
5.15B
4.78%
-2.37%
Gross Profit
969.50M
9.75%
2.16%
Operating Income
203.65M
26.00%
14.16%
Net Income
149.77M
34.90%
22.10%
EPS
1.14
35.71%
22.58%
Key Financial Ratios
Gross Profit Margin
Weak
18.80%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Weak
3.95%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
2.91%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
2.09%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
7.60%
Return on equity is acceptable but below top-tier companies
Current Ratio
Concern
0.77
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
1.37
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Growth
25.78x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
7.83x
Very high premium suggests asset-light business model or lofty expectations
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