BJ’s Wholesale Club Reports Strong Q3 and Nine-Month Results for Fiscal 2025
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has announced its financial results for the thirteen and thirty-nine weeks ended November 1, 2025, showing continued resilience and steady growth in a challenging economic environment.
“Our performance reflects our continued commitment to supporting the families who rely on us,” said Bob Eddy, Chairman and Chief Executive Officer of BJ’s Wholesale Club. “We remain focused on delivering value and convenience, and we’re entering the holiday season with strong momentum.”
Financial Performance Highlights
For the third quarter of fiscal 2025, BJ’s reported:
- Net sales of $5.22 billion, up 4.8% from the same period last year
- Membership fee income of $126.3 million, an increase of 9.8%
- Total revenue of $5.35 billion, up 4.9%
- Net income of $152.1 million
- Earnings per diluted share (EPS) of $1.15
- Adjusted EBITDA of $301.4 million
For the first nine months of fiscal 2025, the company recorded:
- Net sales of $15.51 billion, an increase of 4.2%
- Membership fee income of $370.0 million, up 9.0%
- Total revenue of $15.88 billion, up 4.3%
- Net income of $452.5 million
- EPS of $3.42
- Adjusted EBITDA of $891.1 million, up 7.9%
Comparable club sales rose 1.1% in the quarter and 0.8% over the nine-month period. Excluding gasoline, comparable club sales grew 1.8% in the quarter and 2.6% year-to-date.
The increase in membership income was driven by strong new member acquisition, high retention rates, greater adoption of premium memberships, and higher annual membership fees implemented in January 2025.
Gross profit reached $1.01 billion in the third quarter and $2.99 billion for the nine-month period. Merchandise margins remained stable in the quarter and improved slightly year-to-date.
Selling, general, and administrative expenses increased primarily due to new club and gas station openings, higher labor and occupancy costs, increased advertising spend, and higher depreciation tied to a growing base of company-owned locations.
BJ’s also continued returning value to shareholders. During the third quarter, the company repurchased 905,000 shares, totaling $87.3 million. In the first nine months of the year, BJ’s repurchased 1.34 million shares, valued at approximately $134.7 million, with $866.2 million remaining under the current authorization.
Updated Outlook for Fiscal 2025
Commenting on the company’s outlook, Laura Felice, Executive Vice President and Chief Financial Officer, said the company is refining its expectations for the full year while remaining optimistic about overall performance.
BJ’s now expects:
- Comparable club sales, excluding gasoline, to increase 2.0% to 3.0%
- Adjusted earnings per share to range between $4.30 and $4.40
- Capital expenditures of approximately $800 million
Conference Call Information
A conference call to discuss the results is scheduled for November 21, 2025, at 8:30 a.m. ET. The live audio webcast will be available via the “Events & Presentations” section of BJ’s investor relations website and accessible for one year following the call.
About BJ’s Wholesale Club
BJ’s Wholesale Club Holdings, Inc. operates a leading membership warehouse club model focused on value and convenience. The company offers a wide range of products, including fresh foods, household essentials, electronics, apparel, seasonal goods, and fuel services.
Founded in 1984 and headquartered in Marlborough, Massachusetts, BJ’s currently operates 257 clubs and 194 BJ’s Gas® locations across 21 U.S. states, serving families with a commitment to affordability and quality.
For more information, visit the company’s website at www.bjs.com.
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