BJ’s Wholesale Club Holdings (BJ) Q3 2025 Financial Results Summary

2025-11-21 · Stocks · QuoteReporter

BJ’s Wholesale Club Holdings, Inc. (BJ) Q3 2025 Financial Results Summary

Release Date: November 21, 2025

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) announced its financial results for the third quarter of fiscal 2025, which ended on November 1, 2025. Below is a summary of the key financial highlights and metrics:

Key Financial Highlights for Q3 Fiscal 2025

Net Sales:
Increased by 4.8% to $5.22 billion compared to $4.98 billion in Q3 Fiscal 2024.
Comparable Club Sales:
Increased by 1.1% year-over-year.
Excluding gasoline sales, comparable club sales increased by 1.8%, representing a two-year stack growth of 5.5%.
Membership Fee Income:
Increased by 9.8% to $126.3 million, up from $114.98 million a year earlier.
Digitally Enabled Comparable Sales Growth:
Achieved 30% growth with a two-year stacked comp growth of 61%.
Operating Income:
Decreased by 4.8% to $218.4 million compared to $229.4 million in Q3 Fiscal 2024.
Net Income:
Decreased by 2.4% to $152.1 million, compared to $155.7 million in the same quarter last year.
Earnings Per Share:
Earnings per diluted share of $1.15, down by 1.7% from $1.17 per share in Q3 Fiscal 2024.
Adjusted EPS of $1.16, also down by 1.7% from the previous year’s $1.18.
Adjusted EBITDA:
Decreased by 2.2% to $301.4 million compared to $308.3 million in Q3 Fiscal 2024.
Membership Growth:
Experienced growth in member acquisition, retention, and higher-tier memberships contributing to the increased membership fee income.

Year-To-Date Performance (First Nine Months of Fiscal 2025)

Net Sales:
Increased by 4.2% to $15.51 billion compared to $14.88 billion the previous year.
Total Revenues:
Increased by 4.9% to $15.88 billion from $15.22 billion.
Net Income:
Increased by 9.9% to $452.5 million compared to $411.8 million in the first nine months of fiscal 2024.
Adjusted EPS:
Increased by 10.3% to $3.44 compared to $3.12 in the same period last year.

Additional Highlights

Selling, General and Administrative Expenses (SG&A):
Increased by 7.5% in Q3 to $788.2 million from $733.6 million year-over-year.
The increase was primarily due to labor and occupancy costs associated with new club openings.
Income Tax Expense:
Decreased by 8.8% year-over-year to $56.0 million.
Share Repurchase Program:
Under the share repurchase program, BJ’s repurchased 905,000 shares of common stock for a total of $87.3 million in Q3.
For the first nine months, 1,335,000 shares were repurchased for $134.7 million.

Outlook for Fiscal 2025

BJ’s provided an updated outlook anticipating:
Comparable club sales, excluding gasoline sales, to increase by 2.0% to 3.0% year-over-year.
Adjusted EPS is expected to range from $4.30 to $4.40.
Projected capital expenditures of approximately $800 million.

Conclusion

BJ’s Wholesale Club continues to build momentum as it enters the holiday season, focusing on membership growth and enhanced member experiences in a volatile retail environment. The company remains committed to managing its operations strategically to drive profitable growth and respond to market demands effectively.

Here are the extracted tables from the provided press release:

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except per share amounts)

	Thirteen Weeks Ended	Thirteen Weeks Ended	Thirty-nine Weeks Ended	Thirty-nine Weeks Ended
	November 1, 2025	November 2, 2024	November 1, 2025	November 2, 2024
Net sales	$5,221,866	$4,984,385	$15,511,867	$14,883,793
Membership fee income	$126,297	$114,979	$370,019	$339,485
Total revenues	$5,348,163	$5,099,364	$15,881,886	$15,223,278
Cost of sales	$4,333,826	$4,123,888	$12,891,875	$12,407,836
Selling, general and administrative expenses	$788,151	$733,580	$2,335,389	$2,205,674
Pre-opening expenses	$7,835	$12,513	$16,096	$15,955
Operating income	$218,351	$229,383	$638,526	$593,813
Interest expense, net	$10,309	$12,593	$31,801	$39,299
Income before income taxes	$208,042	$216,790	$606,725	$554,514
Provision for income taxes	$55,992	$61,042	$154,202	$142,759
Net income	$152,050	$155,748	$452,523	$411,755
Income per share attributable to common stockholders—basic	$1.16	$1.18	$3.44	$3.11
Income per share attributable to common stockholders—diluted	$1.15	$1.17	$3.42	$3.08
Weighted-average number of shares outstanding: Basic	131,194	132,083	131,520	132,304
Weighted-average number of shares outstanding: Diluted	131,922	133,333	132,396	133,764

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except per share amounts)

	November 1, 2025	November 2, 2024
ASSETS
Current assets:
Cash and cash equivalents	$45,119	$33,873
Accounts receivable, net	$299,250	$266,718
Merchandise inventories	$1,693,805	$1,720,011
Prepaid expense and other current assets	$90,472	$76,491
Total current assets	$2,128,646	$2,097,093
Operating lease right-of-use assets, net	$2,015,769	$2,114,592
Property and equipment, net	$2,227,460	$1,832,397
Goodwill	$1,008,816	$1,008,816
Intangibles, net	$96,874	$102,739
Deferred income taxes	$5,874	$5,010
Other assets	$62,361	$55,575
Total assets	$7,545,800	$7,216,222
LIABILITIES
Current liabilities:
Short-term debt	$200,000	$245,000
Current portion of operating lease liabilities	$177,928	$163,292
Accounts payable	$1,376,057	$1,420,425
Accrued expenses and other current liabilities	$945,730	$913,307
Total current liabilities	$2,699,715	$2,742,024
Long-term operating lease liabilities	$1,920,153	$2,024,689
Long-term debt	$399,026	$398,663
Deferred income taxes	$69,260	$65,531
Other non-current liabilities	$285,736	$223,144
STOCKHOLDERS’ EQUITY	$2,171,910	$1,762,171
Total liabilities and stockholders’ equity	$7,545,800	$7,216,222