BJ BJ's Wholesale Club Holdings, Inc.
Price Chart
Executive Summary
BJ's Wholesale Club reported Q1 FY2026 GAAP diluted EPS of $1.10 on total revenues of $5.66B, beating consensus estimates of $1.04 and $5.43B. Comparable club sales rose 6.3% (1.5% ex-gas), membership fee income grew 9.9% to $132.4M, and FY2026 guidance was maintained. However, GAAP net income declined 4.7% YoY to $142.7M due to higher SG&A and pre-opening costs, and adjusted free cash flow turned negative at -$42M.
Key Financial Metrics
Actionable Insight
The EPS and revenue beats are positive, but the net income decline and negative adjusted FCF are concerning. The maintained guidance suggests management sees Q1 as in line with their plan. Watch for commentary on the conference call regarding the sustainability of the merchandise margin (down ~10bps) and the trajectory of operating cash flow in coming quarters.
Key Facts
- GAAP diluted EPS of $1.10 vs consensus $1.04 (beat by 5.8%)
- Total revenues of $5.66B vs consensus $5.43B (beat by 4.2%)
- Comparable club sales +6.3% YoY; ex-gas +1.5% YoY
- Membership fee income +9.9% YoY to $132.4M
- Net income declined 4.7% YoY to $142.7M
- Adjusted EBITDA +4.3% to $298.1M
- FY2026 guidance unchanged: adj. EPS $4.40-$4.60, comp sales ex-gas +2.0%-3.0%
- Repurchased 2.1M shares for $206.6M in Q1; $545M remaining on authorization
- Adjusted free cash flow turned negative to -$42M vs +$67.6M last year
- Net debt to LTM adjusted EBITDA increased to 0.6x from 0.4x at year-end
Financial Impact
EPS beat of $0.06 (+5.8%) and revenue beat of ~$230M (+4.2%) are notable, but net income decline and negative FCF temper enthusiasm
Risk Factors
- Net income declined 4.7% YoY despite revenue growth of 9.9%
- Adjusted free cash flow turned negative to -$42M from +$67.6M last year
- Merchandise gross margin rate decreased ~10bps due to pricing investments
- SG&A grew 5.9% driven by new club openings and higher labor costs
- Net debt to LTM adjusted EBITDA rose to 0.6x from 0.4x
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001531152-26-000026 |
| Document: bj-20260522.htm | 0001531152-26-000026 |
| Document: 0001531152-26-000026-index-headers.html | 0001531152-26-000026 |
| Document: 0001531152-26-000026-index.html | 0001531152-26-000026 |
| Document: 0001531152-26-000026.txt | 0001531152-26-000026 |
| 8-K Data (Synthetic) | 0001531152-26-000026 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 22, 2026
15d ago
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8-K
| — | awaiting T+20 | — | — |
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May 6, 2026
4w ago
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DEFA14A
| $94.33 $89.18 | ▼ −5.46% | ▼ −8.60% | $89.21 (−5.43%) |
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Apr 15, 2026
7w ago
|
144
| $92.24 $95.00 | ▲ +2.99% | ▼ −2.82% | $89.21 (−3.28%) |
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Apr 13, 2026
7w ago
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Insider Cluster
| $93.17 $91.11 | ▲ +2.21% | ▲ +9.94% | $89.21 (+4.25%) |
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Apr 13, 2026
7w ago
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Court Ruling
| $93.17 $91.11 | ▼ −2.21% | ▼ −9.94% | $89.21 (−4.25%) |
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Mar 5, 2026
13w ago
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8-K
| $98.47 $98.06 | ▼ −0.42% | ▲ +3.37% | $89.21 (−9.40%) |
US Market Status
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