Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +5.7% EPS YoY: +11.2% Move: -0.06%

BJs Wholesale Club

$100.48 -0.06%

Exchange NYSE Sector Consumer Defensive Industry Discount Stores

Q2 2024

Published: Aug 29, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for BJ

Reported

Report Date

Aug 29, 2024

Quarter Q2 2024

Revenue

5.21B

YoY: +5.7%

EPS

1.08

YoY: +11.2%

Market Move

-0.06%

Previous quarter: Q1 2024

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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

BJs Wholesale Club Holdings Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 27, 2026

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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

Financial Highlights

Revenue grew to $5.21 billion, with a gross profit margin of 18.38% compared to 17.79% in Q2 2023. Operating income was reported at $203.7 million (3.9% of sales) showing a sequential improvement. Notable cash flow from operations was $221.4 million. In terms of liquidity, the current ratio is at 0.76, highlighting some short-term liquidity risk in a rapidly changing economic environment. Membership fee income experienced a major growth of 9.1% in Q2 2024, indicating successful retention and acquisition strategies. Net income also saw an impressive increase of 30.6% quarter-over-quarter, indicating strong demand and operational efficiency.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.21B	5.70%	5.83%
Gross Profit	956.58M	5.99%	8.28%
Operating Income	203.68M	2.16%	26.02%
Net Income	144.99M	11.13%	30.60%
EPS	1.09	11.22%	29.76%

Key Financial Ratios

Gross Profit Margin

Weak

18.40%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

3.91%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

2.79%

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

8.76%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.76

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.71

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

19.83x

P/E ratio in line with market averages

Price to Book

High Premium

6.95x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
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

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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