Strong Financial Performance
BJ's reported a strong start to fiscal 2025 with first quarter net sales growing by 4.7%, and operating income and net income increasing by 27% and 35% respectively.
Membership Growth and Engagement
Higher tier membership penetration grew by over 100 basis points sequentially, surpassing 40% for the first time in company history. Membership fee income grew by 8.1% to approximately $120.4 million.
Digital Sales Surge
Digitally enabled comp sales grew by 35% year over year in the first quarter, contributing significantly to overall sales growth.
Fresh 2.0 Initiative Success
The Fresh 2.0 initiative in produce resulted in high single digit to low double digit growth. The initiative is now being expanded to meat and seafood.
Real Estate Expansion
BJ's opened five new clubs in the first quarter and plans to open 25 to 30 new clubs over the next two years.