"We consistently drove robust traffic and market share gains both in our clubs and at our gas pumps," - Bob Eddy, CEO
— Bob Eddy
03Detailed Report
BJ
BJs Wholesale Club Holdings Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 27, 2026
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Executive Summary
BJs Wholesale Club Holdings Inc. reported robust financial results for Q4 2024, highlighted by a 5.4% increase in net sales to $5.3 billion and impressive membership growth of 8.5%. The comparable sales grew by 4.6%, reflecting solid traffic and consumer demand across categories despite a challenging economic backdrop. Management emphasized their commitment to enhancing member loyalty through strategic investments in merchandising and digital innovations. Looking forward, BJ's maintains a cautious but optimistic outlook for growth, aiming for comp sales growth of 2% to 3.5% in fiscal 2025, while continuing to focus on driving traffic and market share gains across their expanding footprint.
Key Performance Indicators
Revenue
Decreasing
5.28B
QoQ: 3.51% | YoY: -1.47%
Gross Profit
Decreasing
948.98M
17.98% margin
QoQ: -2.72% | YoY: -1.48%
Operating Income
Decreasing
178.39M
QoQ: -22.23% | YoY: -19.70%
Net Income
Decreasing
122.66M
QoQ: -21.24% | YoY: -15.91%
EPS
Decreasing
0.93
QoQ: -21.19% | YoY: -15.45%
Revenue Trend
Margin Analysis
Financial Highlights
### Financial Performance
- Revenue: $5.3 billion (up 5.4% YoY)
- Cost of Revenue: $4.3 billion
- Gross Profit: $949 million, gross profit margin of 17.9% (down 10 basis points YoY)
- Operating Income: $178 million, operating margin of 3.3% (down YoY)
- Net Income: $123 million, net income margin of 2.3% (down 15.9% YoY)
- Earnings Per Share (EPS): $0.92 (diluted), down from $1.10 YoY
### Comparative Analysis
- BJ's Q4 merchandise comp sales grew 4.6%, significantly outpacing the wider industry which faced declines in discretionary spending. Management attributed performance partly to strategic improvements in perishables and general merchandise.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
5.28B
-1.47%
3.51%
Gross Profit
948.98M
-1.48%
-2.72%
Operating Income
178.39M
-19.70%
-22.23%
Net Income
122.66M
-15.91%
-21.24%
EPS
0.93
-15.45%
-21.19%
Key Financial Ratios
Gross Profit Margin
Weak
18.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Weak
3.38%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
2.32%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
1.74%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
6.64%
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
1.54
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Growth
26.59x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
7.06x
Very high premium suggests asset-light business model or lofty expectations
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