BJ's Wholesale Club Holdings, Inc. (BJ) Earnings Call Transcripts

BJ's Wholesale Club Holdings, Inc.'s Latest Earnings Call - Q1 FY2027

BJ's Wholesale Club reported a solid first quarter for fiscal 2026, with net sales increasing nearly 10% year-over-year to $5.5 billion and adjusted earnings per share of $1.10. Management maintained full-year guidance, expecting comparable club sales growth of 2% to 3% and adjusted EPS in the range of $4.40 to $4.60. The strong performance was driven by membership growth, particularly in higher-tier memberships, and robust gas sales amid rising prices, which contributed to overall traffic and share gains.

Reported metrics

Guidance from management

Management maintained full-year guidance for comparable club sales growth of 2% to 3% and adjusted EPS in the range of $4.40 to $4.60, reflecting confidence in the underlying business despite economic pressures.

What management said

No. I'd add on Simeon, one of the, I think, underappreciated aspects of our gas growth story is our station growth. So as you look back to the IPO, we've grown our gas station count 50% since then. So we have 205 stations today versus about 135 at the IPO. So we're up to about 77% coverage versus 63% of the IPO. And it's all those collective investments that we've made over the last handful of years that have allow...

I think they're quite honestly, more for Laura, but let me start. Certainly, our -- this is our -- I think, our 17th consecutive quarter of traffic growth, but the quarter was led by ticket. We don't break all that out, but it was certainly more of a ticket-driven quarter than anything. You heard the guidance on the range I don't think we've really changed that. I think certainly, as we've talked about a little bit...

What analysts pressed on

Analysts expressed concerns about the impact of inflation on lower-income households and the potential for margin pressure due to ongoing price investments. There was also interest in the sustainability of gas sales growth amid volatile pricing.

Main topics on the call

• Membership Growth — Membership fee income increased approximately 10% to $132 million, reaching an all-time high. Management noted, 'Membership remains a key strength driven by strong acquisition and retention and continued momentum in our ...
• Gas Sales Performance — Gas sales saw comp gallon growth increase from about 1% in February to over 10% in March and April. 'By the end of Q1, retail gas prices were up nearly 50% compared to the start of the quarter,' highlighting BJ's value p...
• Expansion into Texas — BJ's opened its first club in Texas during the quarter, with membership running 33% ahead of plan. Management expressed confidence in the execution of their expansion strategy, stating, 'We're there to invest for the lon...
• Digital Engagement Growth — Digitally enabled comparable sales increased 28% year-over-year, driven by tools like curbside pickup and ExpressPay. This reflects a growing adoption of digital conveniences among members.

Read the full BJ's Wholesale Club Holdings, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 BJ's Wholesale Club Holdings, Inc. earnings call transcripts on record, spanning March 5, 2020 to May 22, 2026. Based on this history, BJ's Wholesale Club Holdings, Inc. reports quarterly. The most recent call on file is dated May 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BJ

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

33

First call

March 5, 2020

Most recent

May 22, 2026

Reporting cadence

quarterly