A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
BJ's Wholesale Club Holdings, Inc.
BJ
$12.3B
Mkt Cap
$92.94
+1.81%
BJ's Wholesale Club Holdings, Inc. (BJ) has a current P/E ratio of 17.5, compared to its historical median P/E of 18.5. The stock is currently considered Fair based on its historical valuation range.
BJ's Wholesale Club Holdings, Inc. (BJ) has a 5-year average return on invested capital (ROIC) of 29.7%. This indicates strong capital allocation and a potential competitive advantage.
BJ's Wholesale Club Holdings, Inc. (BJ) has a market capitalization of $12.3B. It is classified as a large-cap stock.
BJ's Wholesale Club Holdings, Inc. (BJ) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.34%.
Based on historical P/E analysis, BJ's Wholesale Club Holdings, Inc. (BJ) appears fair. The current P/E of 17.5 is 6% below its historical median of 18.5. The estimated fair value CAGR (P/E method) is 20.8%.
BJ's Wholesale Club Holdings, Inc. (BJ) operates in the Retail-Variety Stores industry, within the Consumer Defensive sector.
BJ's Wholesale Club is a membership-based warehouse club operator concentrated in the eastern United States, with 263 clubs and 199 gas stations across 21 states as of fiscal year-end 2025, offering members up to 25% savings on manufacturer-branded groceries compared to traditional supermarkets. The company generates revenue through annual membership fees (Club at $60 and Club+ at $120 per year), merchandise sales across groceries, fresh foods, and general merchandise, gasoline sales, and ancillary services, with private label brands (Wellsley Farms and Berkley Jensen) representing approximately 27% of total net sales excluding gasoline. BJ's operates a high-volume, asset-efficient warehouse model with limited assortment and rapid inventory turnover, purchasing directly from manufacturers and storing merchandise on the sales floor to minimize distribution costs, while generating cash from inventory sales before paying vendors. The company distributes products through physical clubs, digital channels including its website and mobile app with services such as buy-online-pickup-in-club (BOPIC), curbside delivery, same-day delivery, and marketplace partnerships with DoorDash and Instacart, with digitally-enabled sales penetration reaching 16% in fiscal 2025. BJ's maintains a competitive moat through its dominant position in New England with nearly three times the number of clubs compared to the next largest competitor in that high-density, high-GDP market, combined with its curated assortment, private label offerings, and omni-channel capabilities that deliver differentiated value to its over 8 million members across individual households and small businesses.
【Disciplined expansion and value investment】 Management expects comparable club sales excluding gasoline to grow 2%-3% in fiscal 2026, with membership fee income growth moderating as the company laps prior-year fee increases, though the underlying health of the membership base remains strong. The company plans to open 12 new clubs in fiscal 2026 and expects to continue at a similar pace in 2027 and 2028, with two-thirds of clubs opened in the last two years delivering first-year sales above their year-five projections, demonstrating successful execution in new markets including Texas. Management remains focused on investing in member value through pricing, supply chain improvements including an automated distribution center opening in Ohio in 2027, and remodeling the existing fleet to ensure consistent experience across new and tenured locations, while maintaining disciplined capital allocation prioritizing growth investments before shareholder returns. The company will continue to monitor the tariff environment and leverage multiple sources of value—including tariff refunds, gas margin opportunities, and operational efficiencies—to fund member investments while managing near-term margin pressures and broader macroeconomic volatility.
| Metric | Target | Period |
|---|---|---|
| Comparable club sales excluding gasoline | 2%-3% | FY2026 |
| Adjusted earnings per share | $4.40-$4.60 | FY2026 |
| New club openings | 12 | FY2026 |
Comparable club sales excluding gasoline (FY2026): “we continue to expect comparable club sales, excluding gasoline, to grow in a range of 2%-3%”
Adjusted earnings per share (FY2026): “adjusted earnings per share in the range of $4.40-$4.60”
New club openings (FY2026): “With 12 openings planned for this year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 21.5B | 21.5B | 20.5B | 20.0B | 19.3B | 16.7B |
| Net Income | 578M | 578M | 534M | 524M | 513M | 427M |
| EPS | $4.38 | $4.38 | $4.00 | $3.88 | $3.76 | $3.09 |
| Free Cash Flow | 328M | 328M | 313M | 252M | 390M | 508M |
| ROIC | 22.8% | 25.0% | 27.2% | 28.4% | 30.3% | 37.5% |
| Gross Margin | 18.6% | 18.6% | 18.4% | 18.2% | 17.8% | 18.5% |
| Debt/Equity | 0.24 | 0.24 | 0.31 | 0.49 | 1.20 | 1.16 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 817M | 817M | 772M | 800M | 738M | 617M |
| Operating Margin | 3.8% | 3.8% | 3.8% | 4.0% | 3.8% | 3.7% |
| ROE | 26.3% | 28.6% | 32.3% | 41.8% | 60.6% | 88.2% |
| Shares Outstanding | 132M | 132M | 134M | 135M | 136M | 138M |
BJ's Wholesale Club Holdings, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
BJ's Wholesale Club Holdings, Inc. trades at 17.5x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 39.7x vs a median of 18.4x. The company's 5-year average ROIC is 29.7% with a gross margin of 18.3%. Total shareholder yield (buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is -4.3%.
BJ's Wholesale Club Holdings, Inc. (BJ) reported annual revenue of $21.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
BJ's Wholesale Club Holdings, Inc. (BJ) has a net profit margin of 2.7%. This is a modest margin.
BJ's Wholesale Club Holdings, Inc. (BJ) generated $328 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BJ's Wholesale Club Holdings, Inc. (BJ) has a debt-to-equity ratio of 0.24. This indicates a conservatively financed balance sheet.
BJ's Wholesale Club Holdings, Inc. (BJ) reported earnings per share (EPS) of $4.38 in its most recent fiscal year.
BJ's Wholesale Club Holdings, Inc. (BJ) has a return on equity (ROE) of 28.6%. This indicates the company generates strong returns for shareholders.
BJ's Wholesale Club Holdings, Inc. (BJ) has a 5-year average gross margin of 18.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 10 years of financial data for BJ's Wholesale Club Holdings, Inc. (BJ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BJ's Wholesale Club Holdings, Inc. (BJ) has a book value per share of $16.64, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects comparable club sales excluding gasoline to grow 2%-3% in fiscal 2026, with membership fee income growth moderating as the company laps prior-year fee increases, though the underlying health of the membership base remains strong. The company plans to open 12 new clubs in fiscal 2026 and expects to continue at a similar pace in 2027 and 2028, with two-thirds of clubs opened in the last two years delivering first-year sales above their year-five projections, demonstrating successful execution in new markets including Texas. Management remains focused on investing in member value through pricing, supply chain improvements including an automated distribution center opening in Ohio in 2027, and remodeling the existing fleet to ensure consistent experience across new and tenured locations, while maintaining disciplined capital allocation prioritizing growth investments before shareholder returns. The company will continue to monitor the tariff environment and leverage multiple sources of value—including tariff refunds, gas margin opportunities, and operational efficiencies—to fund member investments while managing near-term margin pressures and broader macroeconomic volatility.
Based on recent SEC filings and earnings calls, BJ's Wholesale Club Holdings, Inc. (BJ) has provided the following forward guidance: Comparable club sales excluding gasoline: 2%-3% (FY2026); Adjusted earnings per share: $4.40-$4.60 (FY2026); New club openings: 12 (FY2026).
No recent press releases.