BJ's Wholesale Revenues Rise as Premium Members Hit Record
BJ's Wholesale Club (NYSE:BJ) reported its fiscal 2025 first-quarter results on May 22, with net sales up 4.7% to $5 billion, comparable sales (excluding gas) up 3.9%, and adjusted earnings per share (EPS) of $1.14. Operating income increased 27% and net income rose 35% year over year.During the 13-week period ending May 3, the warehouse club's share of higher-tier memberships grew by more than 100 basis points sequentially to surpass 40% for the first time, boosted by recent product and benefit enhancements; a January fee increase did not dampen uptake. Investments in credit card rewards, gas discounts, and digital convenience played pivotal roles in broadening appeal to value-oriented consumers.This shift to premium membership tiers increases customers' lifetime value, improves renewal rates, and raises average spend, fundamentally strengthening the company's long-term recurring revenue streams and retention.Continue reading
BJ's Wholesale Club (NYSE:BJ) reported its fiscal 2025 first-quarter results on May 22, with net sales up 4.7% to $5 billion, comparable sales (excluding gas) up 3.9%, and adjusted earnings per share (EPS) of $1.14. Operating income increased 27% and net income rose 35% year over year.
During the 13-week period ending May 3, the warehouse club's share of higher-tier memberships grew by more than 100 basis points sequentially to surpass 40% for the first time, boosted by recent product and benefit enhancements; a January fee increase did not dampen uptake. Investments in credit card rewards, gas discounts, and digital convenience played pivotal roles in broadening appeal to value-oriented consumers.
This shift to premium membership tiers increases customers' lifetime value, improves renewal rates, and raises average spend, fundamentally strengthening the company's long-term recurring revenue streams and retention.
