BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ), a leading membership-only warehouse chain, reported higher adjusted profit for the fourth quarter. Earnings also exceeded Wall Street’s expectations.
Fourth-quarter earnings, adjusted for one-off items, increased to $0.96 per share from $0.93 per share last year, surpassing analysts’ consensus forecasts. Net income, on a reported basis, rose to $125.9 million or $0.96 per share in the January quarter from $122.7 million or $0.92 per share in Q4 2024. At $129.8 million, membership fee income was up 10.9% year-over-year.
Profitability benefited from a 5.5% annual increase in net sales to $5.45 billion. Comparable club sales and comparable club sales excluding gasoline sales increased 1.6% and 2.6%, respectively, during the quarter. Digitally enabled comparable sales growth was 31%. In 2025, the company achieved a 90% tenured member renewal rate, continuing the trend seen in recent years.
During the quarter, BJ’s opened 7 new clubs and 7 new gas stations. For fiscal 2026, management expects comparable club sales, excluding the impact of gasoline sales, to increase 2.0% to 3.0% year-over-year. Full-year adjusted earnings per share are expected to be in the range of $4.40 to $4.60. It targets capital expenditures of around $800 million for FY26, reflecting continued investment in new club openings and enhancements across our distribution network.
“Record membership, strong digital engagement, and our 16th consecutive quarter of traffic growth show how effectively our teams are delivering value and convenience to our members,” said Bob Eddy, CEO of BJ’s Wholesale Club.