BJ's Wholesale Club reported a strong second quarter with significant growth in membership and digital business, as well as strong performance in perishables. However, challenges such as the decline in general merchandise sales, adverse weather conditions, and macroeconomic uncertainties related to tariffs were noted.

Company Guidance

During BJ's Wholesale Club's Q2 2025 earnings call, the company provided guidance indicating a focus on maintaining competitive pricing and value for members amid a dynamic economic environment. The call highlighted a comparable club sales increase of 2.3% excluding gas, and a 34% growth in the digital business. BJ's achieved a 55% growth in its membership base since its IPO, reaching 8 million members, with higher-tier membership penetration setting a record high of 41%. The company reported net sales of approximately $5.3 billion, a 3.2% year-over-year growth, and adjusted EBITDA rose by 8% to $303.9 million. Inventory levels were down 2% year-over-year, reflecting efficient management. BJ's maintained its full-year guidance for comp sales growth of 2% to 3.5%, and updated its adjusted EPS guidance to $4.20 to $4.35, signaling confidence despite macroeconomic uncertainties and anticipated tariff-related impacts.

Membership Growth Milestone

BJ's Wholesale Club reached the 8 million member milestone this quarter, representing a 55% growth in its membership base since its IPO seven years ago.

Digital Business Expansion

The digital business grew 34% during the quarter and 56% on a 2-year stack, driven by robust BOPIC, same-day delivery expansion, and increasing penetration of ExpressPay.

Perishables and Sundries Division Performance

The Perishables Grocery and Sundries division led Q2 performance with a healthy 3% comp growth, with significant strength in categories like dairy, meat, and fresh produce.

Record Membership Fee Income

Membership fee income grew 9% to approximately $123.3 million in the second quarter, driven by strong membership acquisition and retention.

Gasoline Gallon Market Share Gains

BJ's gained gas market share, with total gas gallons up 7% year-over-year and comp gallons flat, significantly outpacing the industry.

Bj's Wholesale Club Holdings (BJ) Earnings, Revenues Date & History

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BJ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q3)	1.10 / -	1.18	―	―	―
Aug 22, 2025	2025 (Q2)	1.09 / 1.14	1.09	4.59% (+0.05)
May 22, 2025	2025 (Q1)	0.92 / 1.14	0.85	34.12% (+0.29)
Mar 06, 2025	2024 (Q4)	0.88 / 0.93	1.11	-16.22% (-0.18)
Nov 21, 2024	2024 (Q3)	0.94 / 1.18	0.98	20.41% (+0.20)
Aug 22, 2024	2024 (Q2)	1.01 / 1.09	0.97	12.37% (+0.12)
May 23, 2024	2024 (Q1)	0.83 / 0.85	0.85	0.00% (0.00)
Mar 07, 2024	2023 (Q4)	1.06 / 1.11	1	11.00% (+0.11)
Nov 17, 2023	2023 (Q3)	0.94 / 0.98	0.99	-1.01% (-0.01)
Aug 22, 2023	2023 (Q2)	0.90 / 0.97	1.06	-8.49% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BJ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 22, 2025	$106.16	$97.11	-8.52%
May 22, 2025	$117.50	$115.97	-1.30%
Mar 06, 2025	$100.09	$112.33	+12.23%
Nov 21, 2024	$85.70	$92.79	+8.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.