BJ's Wholesale Club Q1 Revenue Grows

First-quarter net sales at BJ’s Wholesale Club were up 4.7%, as growth in comparable store sales and digital sales were key drivers.

For the quarter ended May 3, net sales were $5.03 billion, up from $4.81 billion in the comparable quarter the previous year. Total revenue, including membership fees, rose 4.8% to $5.15 billion. Excluding the impact of gasoline sales, quarterly comparable store sales increased 3.9%.

Adjusted net income was $150.9 million, up from adjusted net income of $113.4 million in the same quarter the previous year.

“We reported a strong start to the year, demonstrating the power of our model and continued momentum in our long-term growth priorities,” said Bob Eddy, chairman and CEO of BJ’s Wholesale Club. “Delivering great value is essential in today’s environment, and I am proud of our team members who remain committed to taking care of the families who depend on us.”

Membership fee income in the quarter increased 8.1% to $120.4 million. Company officials said the increase was driven by strength in membership acquisition, retention, and higher-tier membership penetration across new and existing clubs, as well as the increase in annual membership fees, which became effective in January 2025.

BJ’s Wholesale is maintaining its guidance for the full fiscal year, forecasting comparable store sales excluding gasoline sales to increase between 2% and 3.5%, with adjusted earnings per share between $4.10 and $4.30.

“As we look to fiscal 2025, we are confident in our team, our positioning in the marketplace, and the growth drivers that are within our control,” said Laura Felice, executive vice president and chief financial officer of BJ’s Wholesale Club. “We will remain focused on executing against our long-term priorities to drive continued traffic and market share gains.”