BJ's Wholesale Club Q1 Earnings Call Highlights

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MarketBeat

Fri, May 22, 2026 astatine 9:12 AM CDT 7 min read

Key Points

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BJ’s Wholesale Club posted a beardown Q1 commencement to fiscal 2026, with nett income up astir 10% to $5.5 cardinal and comparable nine income up 6.3%. Membership interest income besides deed a grounds $132 million, helped by gains successful acquisition, retention and higher-tier memberships.
The company’s gas business was a large operator arsenic sharply higher substance prices brought grounds postulation and marketplace stock gains. Comparable substance gallons roseate astir 8% for the quarter, and BJ’s expanded its state presumption footprint to 205 locations.
BJ’s continued investing successful member value done pricing, including tariff refunds that pressured merchandise margins, which fell 10 ground points twelvemonth implicit year. Despite that, absorption kept full-year guidance unchanged and continued expanding store openings, including a beardown motorboat successful Texas.

Target Shows Strengths, But Analysts Want to See More

BJ's Wholesale Club (NYSE:BJ) reported a coagulated commencement to fiscal 2026, with absorption pointing to rank gains, higher substance volumes, integer adoption and caller nine openings arsenic cardinal drivers of first-quarter performance.

Chairman and Chief Executive Officer Bob Eddy said the retailer’s results were “enabled by doing what we bash best, serving our members with value.” He said rank remained a cardinal strength, supported by acquisition, retention and maturation successful higher-tier memberships, portion the state concern reinforced the company’s worth proposition during a play of sharply higher substance prices.

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Surprising Beneficiaries of High Gas Prices: BJs and Costco

Net income roseate astir 10% year-over-year to $5.5 billion, according to Chief Financial Officer Laura Felice. Total comparable nine income accrued 6.3%, portion comparable income excluding gasoline roseate 1.5%. Eddy said the company’s two-year stacked merchandise comps remained steadfast contempt a “dynamic environment.”

Membership Fee Income Hits Record Level

Membership interest income accrued astir 10% from the anterior twelvemonth to astir $132 million, reaching an all-time high. Eddy said the summation reflected spot successful caller subordinate acquisition, retention and higher-tier penetration crossed some caller and existing clubs.

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BJ's Wholesale Is Growing, Buying Back Stock, and Still Dirt Cheap

“What matters astir to america is not conscionable increasing the fig of members, but continuing to amended the prime of the rank basal implicit time,” Eddy said. He added that higher-tier members store much frequently, are much engaged and make greater beingness value.

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