BJs Wholesale Club
BJ
$91.33 0.38%
Exchange: NYSE | Sector: Consumer Defensive | Industry: Discount Stores
Q2 2024
Published: Aug 29, 2024

Earnings Highlights

  • Revenue of $5.21B up 5.7% year-over-year
  • EPS of $1.08 increased by 11.2% from previous year
  • Gross margin of 18.4%
  • Net income of 144.99M
  • ""For the 10th consecutive quarter, we drove traffic gains in our business."" - Bob Eddy
BJ
BJs Wholesale Club Holdings Inc

Executive Summary

In the second quarter of fiscal 2024, BJ's Wholesale Club Holdings Inc reported robust revenue of approximately $5.2 billion, reflecting a year-over-year increase of 4.8%. Adjusted earnings per share showed a strong uptick, reaching $1.09, up by 10.1% compared to the prior year. The results showcase the effectiveness of BJ's strategic focus on enhancing membership growth and member satisfaction. Notably, membership fee income surged by 9.1%, driven by the largest member count growth quarter since the pandemic. Management emphasized the importance of continuing to invest in business initiatives, which are intended to deliver long-term value and customer loyalty.

Key Performance Indicators

Revenue
Increasing
5.21B
QoQ: 5.83% | YoY: 5.70%
Gross Profit
Increasing
956.58M
18.38% margin
QoQ: 8.28% | YoY: 5.99%
Operating Income
Increasing
203.68M
QoQ: 26.02% | YoY: 2.16%
Net Income
Increasing
144.99M
QoQ: 30.60% | YoY: 11.13%
EPS
Increasing
1.09
QoQ: 29.76% | YoY: 11.22%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 5,153.48 1.13 +4.8% View
Q4 2024 5,278.53 0.92 -1.5% View
Q3 2024 5,099.36 1.17 -4.8% View
Q2 2024 5,205.40 1.08 +5.7% View
Q1 2024 4,918.52 0.83 -0.9% View