BJs Wholesale Club | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 5.348 B

Revenue: As of FY2026 Q3, the actual value is USD 5.348 B, beating the estimate of USD 5.339 B.

EPS: As of FY2026 Q3, the actual value is USD 1.15, beating the estimate of USD 1.0775.

EBIT: As of FY2026 Q3, the actual value is USD 218.35 M.

Segment Revenue

Net Sales: $5,221,866 thousand for the thirteen weeks ended November 1, 2025, compared to $4,984,385 thousand for the same period in 2024, representing a 4.8% increase. For the thirty-nine weeks ended November 1, 2025, net sales were $15,511,867 thousand, compared to $14,883,793 thousand for the same period in 2024, representing a 4.2% increase.
Membership Fee Income: $126,297 thousand for the thirteen weeks ended November 1, 2025, compared to $114,979 thousand for the same period in 2024, representing a 9.8% increase. For the thirty-nine weeks ended November 1, 2025, membership fee income was $370,019 thousand, compared to $339,485 thousand for the same period in 2024, representing a 9.0% increase.
Total Revenues: $5,348,163 thousand for the thirteen weeks ended November 1, 2025, compared to $5,099,364 thousand for the same period in 2024, representing a 4.9% increase. For the thirty-nine weeks ended November 1, 2025, total revenues were $15,881,886 thousand, compared to $15,223,278 thousand for the same period in 2024, representing a 4.3% increase.

Operational Metrics

Net Income: $152,050 thousand for the thirteen weeks ended November 1, 2025, compared to $155,748 thousand for the same period in 2024, representing a 2.4% decrease. For the thirty-nine weeks ended November 1, 2025, net income was $452,523 thousand, compared to $411,755 thousand for the same period in 2024, representing a 9.9% increase.
Operating Income: $218,351 thousand for the thirteen weeks ended November 1, 2025, compared to $229,383 thousand for the same period in 2024, representing a 4.8% decrease. For the thirty-nine weeks ended November 1, 2025, operating income was $638,526 thousand, compared to $593,813 thousand for the same period in 2024, representing a 7.5% increase.
Gross Profit: $1,010,000 thousand for the thirteen weeks ended November 1, 2025, compared to $975,500 thousand for the same period in 2024. For the thirty-nine weeks ended November 1, 2025, gross profit was $2,990,000 thousand, compared to $2,820,000 thousand for the same period in 2024.
Selling, General and Administrative Expenses (SG&A): $788,151 thousand for the thirteen weeks ended November 1, 2025, compared to $733,580 thousand for the same period in 2024. For the thirty-nine weeks ended November 1, 2025, SG&A was $2,335,389 thousand, compared to $2,205,674 thousand for the same period in 2024.
Adjusted EBITDA: $301,385 thousand for the thirteen weeks ended November 1, 2025, compared to $308,292 thousand for the same period in 2024, representing a 2.2% decrease. For the thirty-nine weeks ended November 1, 2025, adjusted EBITDA was $891,082 thousand, compared to $826,027 thousand for the same period in 2024, representing a 7.9% increase.

Cash Flow

Net Cash Provided by Operating Activities: $639,101 thousand for the thirty-nine weeks ended November 1, 2025, compared to $628,955 thousand for the same period in 2024.
Adjusted Free Cash Flow: $141,148 thousand for the thirty-nine weeks ended November 1, 2025, compared to $201,402 thousand for the same period in 2024.

Unique Metrics

Digitally Enabled Comparable Sales Growth: 30% for the third quarter of fiscal 2025, reflecting a two-year stacked comp growth of 61%.
Comparable Club Sales: Increased by 1.1% year-over-year for the third quarter of fiscal 2025. Excluding gasoline sales, comparable club sales increased by 1.8% year-over-year.

Outlook / Guidance

Comparable Club Sales: Excluding the impact of gasoline sales, expected to increase 2.0% to 3.0% year-over-year for fiscal 2025.
Adjusted EPS: Expected to range from $4.30 to $4.40 for fiscal 2025.
Capital Expenditures: Approximately $800 million for fiscal 2025.