MARLBOROUGH, MA - BJ’s Wholesale Club Holdings, Inc. today announced its financial results for the thirteen and fifty-two weeks ended February 1, 2025.

“Our terrific fourth-quarter performance contributed to a record year at BJ’s, powered by all-time high membership results. Our improved assortment, investments in value and significant growth in digital sales drove our 12th consecutive quarter of traffic growth. We are also growing our footprint at pace to serve even more members,” said Bob Eddy, Chairman and Chief Executive Officer, BJ’s Wholesale Club, in a recent press release. “I am very proud of our team’s strategic progress and their commitment to providing our members great value every day.”

Impact of 53-Week Fiscal Year:

The fourth quarter and full year results for fiscal 2023 included one additional week (the “53rd week”) compared to the fourth quarter and full year results for fiscal 2024. Net sales and net income for the 53rd week were approximately $353.4 million and $13.4 million, respectively.

Additional Highlights:

• Total comparable club sales increased by 4.0% and 2.5% in the fourth quarter and fiscal 2024, respectively, compared to the fourth quarter of the prior year and fiscal 2023. Excluding the impact of gasoline sales, comparable club sales increased by 4.6% and 2.8% in the fourth quarter and fiscal 2024, respectively, compared to the same periods in fiscal 2023.
• Membership fee income increased to $117.0 million in the fourth quarter of fiscal 2024 from $108.4 million in the fourth quarter of fiscal 2023. Membership fee income increased to $456.5 million in fiscal 2024 compared to $420.7 million in fiscal 2023. The increase in both comparative periods was primarily driven by strength in membership acquisition, retention and higher tier membership penetration across both new and existing clubs.
• Income from continuing operations before income taxes decreased to $166.3 million, or 3.2% of total revenues, in the fourth quarter of fiscal 2024 compared to $198.4 million, or 3.7% of total revenues, in the fourth quarter of fiscal 2023. Income from continuing operations before income taxes decreased to $720.8 million, or 3.5% of total revenues, in fiscal 2024 compared to $735.9 million, or 3.7% of total revenues, in fiscal 2023.
• Net income decreased to $122.7 million in the fourth quarter of fiscal 2024 compared to $145.9 million in the fourth quarter of fiscal 2023. Net income increased to $534.4 million in fiscal 2024 compared to $523.7 million in fiscal 2023.
• Adjusted EBITDA decreased by 9.0% to $264.6 million in the fourth quarter of fiscal 2024 compared to $290.7 million in the fourth quarter of fiscal 2023. Adjusted EBITDA increased by 0.8% to $1.09 billion in fiscal 2024 compared to $1.08 billion in fiscal 2023.

View the full report here.