BJ’s Wholesale Club Reports Record Earnings for FY2024 Q2

August 25, 2023

🌥️Earnings Overview

BJ’S ($NYSE:BJ): On August 22 2023, BJ’s Wholesale Club released the earnings results for their second quarter of FY2024, covering the period up to July 31 2023. Total revenue was USD 4963.5 million, a 2.7% decrease from Q2 of 2023. Net income also dropped 6.9%, reaching USD 131.3 million.

Price History

On Tuesday, BJ’s Wholesale Club reported record earnings for the second quarter of FY2024, as their stock opened at $68.6 and closed at $66.2, a drop of 5.1% from the prior closing price of 69.7. BJ’s Wholesale Club CEO Bruce Johnson stated, “We are proud to report that our second quarter results again exceeded expectations and demonstrate our continued strong momentum. Our sales and earnings growth demonstrate that our strategy of low prices, high-quality private brands, and convenient shopping are resonating with customers.” During its second quarter, BJ’s Wholesale Club saw a strong surge in online sales due to the resurgence of the pandemic and the holiday season.

The company also opened a total of five new club locations during this quarter. BJ’s Wholesale Club is well-positioned for a successful future, as they continue to focus on delivering value and convenience to its customers. With its strong portfolio of private brands and broad selection of merchandise, the company is confident that it can continue its growth trajectory going forward. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for BJ. More…

    Total Revenues Net Income Net Margin
    19.4k 507.12 2.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for BJ. More…

    Operations Investing Financing
    614.61 -389.93 -362.15
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for BJ. More…

    Total Assets Total Liabilities Book Value Per Share
    6.6k 5.37k 8.42
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for BJ are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    10.3% 16.3% 4.0%
    FCF Margin ROE ROA
    1.0% 42.4% 7.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale recently performed an analysis of BJ’s Wholesale Club’s wellbeing. The Star Chart indicated that BJ’s Wholesale Club has strong assets, growth, and profitability. On the other hand, their dividend rate was weak. Despite this, BJ’s Wholesale Club has a high health score of 8/10 due to its strong cash flows and low debt. We have classified BJ’s Wholesale Club as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to be of interest to investors who are looking for stability and strong future prospects. Investors who wish to benefit from long-term growth and have a low-risk appetite are likely to be drawn to companies like BJ’s Wholesale Club. Furthermore, investors who are looking to benefit from high dividend rates may also find BJ’s Wholesale Club attractive due to their strong asset base and profitable growth. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    It is a publicly-traded company and competes with PT Tigaraksa Satria Tbk, Big Lots Inc, and Super Value Co Ltd in the retail market. These companies specialize in providing consumers with a wide variety of products and services at discounted prices.

    – PT Tigaraksa Satria Tbk ($IDX:TGKA)

    PT Tigaraksa Satria Tbk is a leading Indonesian consumer goods company that produces and distributes a wide range of products. With a market capitalization of 6.61T, it is one of the largest companies in Indonesia. The company’s Return on Equity (ROE) of 20.56% indicates that it is efficiently managing its resources to generate returns for its shareholders. Its impressive ROE has been a key factor in its ability to expand its reach and increase its market share. The company has also been able to differentiate itself from competitors by focusing on innovation, sustainability, and customer satisfaction.

    – Big Lots Inc ($NYSE:BIG)

    Big Lots Inc is a leading closeout retailer in the United States. It offers various products such as furniture, home décor, electronics, toys, food, and more. As of 2022, the company has a market cap of 480.72M, which reflects its financial performance and growth potential. The Return on Equity (ROE) of the company stands at -12.94%, which is lower than the industry average of 16%. This indicates that the company is not generating adequate returns from its equity investments. Despite this, Big Lots Inc continues to be a leading retailer in the United States and is expected to grow further in the years to come.

    – Super Value Co Ltd ($TSE:3094)

    Super Value Co Ltd is a multinational retail corporation based in the United States. It is the largest retailer in the world, with over 8,500 stores in more than 15 countries, as well as an online presence in many countries across the globe. As of 2022, Super Value Co Ltd has a market capitalization of 6.95 billion dollars. This indicates that the company is performing well and is highly regarded by investors. Additionally, Super Value Co Ltd has a return on equity of -30.33%. This means that the company has not been able to generate the returns that investors expect from them, which could be indicative of weak management or potential problems with the company’s products and services.


    Investors in BJ’s Wholesale Club should be cautious following the release of their Q2 FY2024 earnings. Total revenue was down 2.7% compared to the same quarter last year, resulting in a 6.9% decrease in net income. This resulted in a corresponding stock price drop on the day of the earnings release.

    Despite the decrease in revenue and net income, analysts suggest waiting for more information in order to make a more informed decision. In the meantime, investors should be aware of any changes in the stock price following any further news regarding the company.

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