MARLBOROUGH, MA - BJ’s Wholesale Club Holdings, Inc. announced its financial results for the thirteen weeks and twenty-six ended August 2, 2025.
“Our business model continues to perform and build upon momentum, as we grow membership and gain market share even in a dynamic environment. We enter the back half of the year on solid footing and confident in our ability to deliver strong results,” said Bob Eddy, Chairman and Chief Executive Officer, BJ’s Wholesale Club, in the recent release. “We are on a powerful trajectory, and our teams remain steadfast towards executing on our long-term objectives.”
Additional Highlights:
- Total comparable club sales decreased by 0.3% and increased by 0.6% in the second quarter and first six months of fiscal 2025, respectively, compared to the same periods in fiscal 2024. Excluding the impact of gasoline sales, comparable club sales increased by 2.3% and 3.1% in the second quarter and first six months of fiscal 2025, respectively, compared to the same periods in fiscal 2024.
- Membership fee income increased to $123.3 million in the second quarter of fiscal 2025 compared to $113.1 million in the second quarter of fiscal 2024. Membership fee income increased to $243.7 million in the first six months of fiscal 2025 compared to $224.5 million in the first six months of fiscal 2024. The increase in both comparative periods was primarily driven by strength in membership acquisition, retention, and higher tier membership penetration across both new and existing clubs, as well as the increase in annual membership fees, which became effective in January 2025.
- Gross profit increased to $1.01 billion in the second quarter of fiscal 2025 compared to $956.6 million in the second quarter of fiscal 2024. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, increased by 10 basis points over the same quarter of fiscal 2024. Gross profit increased to $1.98 billion in the first six months of fiscal 2025 compared to $1.84 billion in the first six months of fiscal 2024. Merchandise gross margin rate increased by 20 basis points compared to the first six months of fiscal 2024. The Company continues to manage the business to drive profitable growth across the broader merchandise assortment.
- Selling, general, and administrative expenses (“SG&A”) increased to $786.4 million in the second quarter of fiscal 2025 compared to $750.3 million in the second quarter of fiscal 2024. SG&A increased to $1.55 billion in the first six months of fiscal 2025 compared to $1.47 billion in the first six months of fiscal 2024. The increase in both comparative periods was primarily driven by increased labor and occupancy costs as a result of new club and gas station openings. Additionally, an increase in the number of owned clubs has resulted in increased depreciation expense year-over-year.
- Income before income taxes increased to $206.1 million in the second quarter of fiscal 2025 compared to $190.9 million in the second quarter of fiscal 2024. Income before income taxes increased to $398.7 million in the first six months of fiscal 2025 compared to $337.7 million in the first six months of fiscal 2024.
- Income tax expense increased to $55.4 million in the second quarter of fiscal 2025 compared to $45.9 million in the second quarter of fiscal 2024. Income tax expense increased to $98.2 million in the first six months of fiscal 2025 compared to $81.7 million in the first six months of fiscal 2024.
- Net income increased to $150.7 million in the second quarter of fiscal 2025 compared to $145.0 million in the second quarter of fiscal 2024. Net income increased to $300.5 million in the first six months of fiscal 2025 compared to $256.0 million in the first six months of fiscal 2024.
See the full release here.
