BJ’s Wholesale beats Q1 estimates with stronger revenue, comparable club sales, membership growth, and digital sales momentum.
Stock Earnings Results
May 22, 2026
Table of Contents
May 22, 2026
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) reported first-quarter fiscal 2026 results above expectations, supported by higher revenue, stronger comparable club sales, membership fee growth, and digital sales momentum.
BJ’s Wholesale Club is a membership-based warehouse club retailer that sells groceries, household goods, general merchandise, gasoline, and other products through clubs and digital channels.
The company reported adjusted EPS of $1.10, above estimates of $1.04, representing a 5.8% earnings surprise. Revenue came in at $5.53 billion, above estimates of $5.39 billion, with revenue growth of 7.3%.
BJ’s reported comparable club sales growth of 6.3% year-over-year.
Excluding gasoline sales, comparable club sales increased 1.5%. The company said its value proposition continued to resonate with members across clubs and gas stations.
Membership fee income increased 9.9% year-over-year to $132.4 million.
The increase was driven by membership acquisition, retention, and higher-tier membership penetration across new and existing clubs.
Digitally enabled comparable sales grew 28%.
BJ’s also reported two-year stacked digital comp growth of 63%, showing continued strength in online ordering, pickup, delivery, and digitally supported shopping behavior.
Net sales rose 9.9% year-over-year to $5.53 billion.
Total revenue increased 9.9% to $5.66 billion, supported by higher net sales and membership fee income.
Operating income increased 2.1% to $207.9 million.
Adjusted EBITDA increased 4.3% to $298.1 million. Net income declined to $142.7 million from $149.8 million, while adjusted EPS declined 3.5% year-over-year to $1.10.
Gross profit increased to $1.03 billion from $969.5 million in the prior-year quarter.
Merchandise gross margin rate declined by about 10 basis points, mainly due to continued pricing investments, partially offset by tariff refund benefits recognized during the quarter.
SG&A expenses rose to $806.0 million from $760.9 million.
The increase was driven by higher labor, occupancy, and operational costs, mostly tied to new club and gas station openings. Higher depreciation from owned clubs also contributed.
BJ’s repurchased 2.1 million shares during the quarter for $206.6 million.
About $545.0 million remained available under the existing share repurchase program.
Investors are likely to watch whether BJ’s can sustain traffic, membership growth, and digital momentum while managing cost pressure.
The key areas are:
BJ’s delivered a solid sales quarter.
Revenue beat expectations, comparable sales increased, membership fee income grew nearly 10%, and digital sales remained strong. The main watch point is profitability, since net income and adjusted EPS declined year-over-year despite higher revenue.
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