BJ’s profits slide, revenues climb in Q3; two new stores to open

BJ’s Wholesale Club Holdings Inc. reported mixed third-quarter fiscal results as it prepares to open two new stores in the Deep South.

During the third quarter of fiscal 2025, BJ’s reported net income of $152 million, down 2 % from $155.7 million in the prior year quarter. Earnings per share fell 1.7% to $1.15 from $1.17. Net sales rose 5.8% year over year to $5.22 billion from $54.98 billion. Comparable store sales rose 1.1% including fuel and 1.8% without fuel.

Membership revenues soared almost 10% year over year to $127.3 million from roughly $115 million, driving total revenues up 5% to $5.35 billion from $5.1 billion.

“Our business has delivered solid results year to date in a volatile backdrop, which speaks to the power and relevance of our business model,” said Laura Felice, executive VP, CFO, BJ’s Wholesale Club. “We are narrowing our outlook for full year merchandise comparable club sales while increasing our outlook for adjusted earnings per share.”

The company provided an updated outlook for fiscal 2025 including:

• Comparable store sales, excluding the impact of gasoline sales, to increase 2% to 3% year over year.
• Adjusted earnings per share to range from $4.30 to $4.40.