BJ’s Wholesale Club (BJ) investor relations material

Executive summary

• Net sales rose 15.9% year-over-year to $6.1 billion, with merchandise comps up 3.1% and total comparable club sales up 11.9%.

• Membership reached a record 8.5 million, with membership fee income up 9.9% year-over-year and a 90% tenured renewal rate.

• Adjusted EPS was $1.36, up 19.3% year-over-year, exceeding expectations and prompting a raised full-year EPS outlook.

• Digitally enabled comp sales grew 30%, with a two-year stacked growth of 64% and over 90% of digital sales fulfilled in-club.

• Opened three new clubs in Texas and one new gas station, expanding to 267 clubs and 206 gas stations as of August 2026.

Financial highlights

• Net sales: $6.1 billion, up 15.9% year-over-year; total revenues $6.23 billion.

• Adjusted EBITDA increased 14.3% to $347.2 million.

• Adjusted EPS: $1.36, up 19.3% year-over-year.

• Gross profit: $1.11 billion, up 10.3%; merchandise gross margin rate down 20 bps year-over-year.

• Net income for the quarter was $173.9 million, up 15.4% year-over-year.

Outlook and guidance

• Full-year comparable club sales growth guidance (excluding gasoline) maintained at 2%-3%.

• Adjusted EPS guidance raised to $4.60-$4.80 for the full year.

• On track to open 25-30 new clubs over the next two years.

• Capital expenditures projected at approximately $800 million, focused on new club openings and distribution enhancements.

• Long-term targets: low- to mid-single-digit comparable club sales growth (excluding gasoline), mid-single-digit total revenue growth, and high-single- to low-double-digit EPS growth.