$BJ

BJ's Wholesale Club Holdings, Inc.

CIK:0001531152|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Total revenues	$ 6,226,579	$ 5,380,240	$ 11,888,079	$ 10,533,723
Cost of sales	5,116,580	4,374,065	9,750,179	8,558,049
Selling, general and administrative expenses	851,206	786,358	1,657,216	1,547,238
Pre-opening expenses	6,436	3,287	20,414	8,261
Operating income	252,357	216,530	460,270	420,175
Interest expense, net	13,083	10,393	25,450	21,492
Income before income taxes	239,274	206,137	434,820	398,683
Provision for income taxes	65,407	55,432	118,227	98,210
Net income	$ 173,867	$ 150,705	$ 316,593	$ 300,473
Income per share attributable to common stockholders—basic (in USD per share)	$ 1.37	$ 1.14	$ 2.47	$ 2.28
Income per share attributable to common stockholders—diluted (in USD per share)	$ 1.36	$ 1.14	$ 2.46	$ 2.27
Weighted-average shares of common stock outstanding:
Basic (in shares)	127,208	131,799	127,929	131,684
Diluted (in shares)	127,738	132,517	128,561	132,633
Other comprehensive income:
Total other comprehensive income	$ 0	$ 0	$ 0	$ 0
Total comprehensive income	173,867	150,705	316,593	300,473
Net sales
Total revenues	6,090,975	5,256,907	11,620,120	10,290,001
Membership fee income
Total revenues	$ 135,604	$ 123,333	$ 267,959	$ 243,722

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 316,593	$ 300,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	155,335	141,598
Amortization of debt issuance costs and accretion of original issue discount	546	546
Stock-based compensation expense	28,740	24,599
Deferred income tax provision	8,197	9,577
Changes in operating leases and other non-cash items	(41,065)	(22,178)
Increase (decrease) in cash due to changes in:
Accounts receivable, net	(40,219)	12,243
Merchandise inventories	(61,563)	(11,696)
Prepaid expenses and other current assets	(30,292)	(18,589)
Other assets	2,895	(1,158)
Accounts payable	120,500	10,696
Accrued expenses and other current liabilities	80,018	(9,107)
Other non-current liabilities	1,754	20,953
Net cash provided by operating activities	541,439	457,957
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment, net of disposals	(359,339)	(306,065)
Proceeds from sale-leaseback transactions	0	2,995
Proceeds from assignment of purchase option (see Note 12)	122,100	0
Payment upon exercise of purchase option (see Note 12)	(80,718)	0
Other investing activities	(3,782)	(3,086)
Net cash used in investing activities	(321,739)	(306,156)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving lines of credit	496,000	131,000
Payments on revolving lines of credit	(386,000)	(201,000)
Net cash received from stock option exercises	1,366	5,014
Net cash received from ESPP	4,874	4,449
Acquisition of treasury stock	(348,761)	(82,895)
Net proceeds from financing obligations	2,894	14,804
Other financing activities	(6,336)	(4,172)
Net cash used in financing activities	(235,963)	(132,800)
Net (decrease) increase in cash and cash equivalents	(16,263)	19,001
Cash and cash equivalents at beginning of period	46,245	28,272
Cash and cash equivalents at end of period	29,982	47,273
Supplemental cash flow information:
Interest paid	13,272	16,921
Income taxes paid	131,969	104,626
Operating lease liabilities arising from obtaining right-of-use assets and other non-cash lease-related operating items	189,012	52,886
Non-cash financing and investing activities:
Finance lease liabilities arising from obtaining right-of-use assets	81,444	4,431
Receivables arising from failed sale-leaseback financing obligations	15,847	5,822
Property additions included in accrued expenses	61,462	42,098
Treasury stock acquisitions included in accrued expenses	$ 3,039	$ 53

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 29,982	$ 46,245	$ 47,273
Accounts receivable, net	308,605	252,789	270,905
Merchandise inventories	1,617,034	1,555,471	1,520,684
Prepaid expenses and other current assets	215,080	135,584	90,096
Total current assets	2,170,701	1,990,089	1,928,958
Operating lease right-of-use assets, net	2,061,412	1,976,013	2,054,621
Property and equipment, net	2,589,472	2,364,552	2,068,193
Goodwill	1,008,816	1,008,816	1,008,816
Intangibles, net	93,015	95,462	98,285
Deferred income taxes	4,167	4,427	5,804
Other assets	64,203	71,116	67,095
Total assets	7,991,786	7,510,475	7,231,772
Current liabilities:
Short-term debt	230,000	120,000	105,000
Current portion of operating lease liabilities	187,865	209,249	173,521
Accounts payable	1,427,905	1,307,405	1,264,208
Accrued expenses and other current liabilities	1,126,778	1,033,579	891,507
Total current liabilities	2,972,548	2,670,233	2,434,236
Long-term operating lease liabilities	1,956,213	1,880,383	1,959,378
Long-term debt	399,245	399,099	398,953
Deferred income taxes	72,826	64,889	68,065
Other non-current liabilities	393,522	298,212	272,046
Total liabilities	5,794,354	5,312,816	5,132,678
Commitments and contingencies (see Note 5)
STOCKHOLDERS’ EQUITY
Preferred stock; par value $0.01; 5,000 shares authorized, and no shares issued	0	0	0
Common stock, par value $0.01; 300,000 shares authorized, 126,452 shares issued and outstanding at August 1, 2026; 129,638 shares issued and outstanding at January 31, 2026; and 149,820 shares issued and 131,749 outstanding at August 2, 2025	1,265	1,296	1,498
Additional paid-in capital	678,294	995,083	1,113,498
Retained earnings	1,517,800	1,201,207	2,003,121
Accumulated other comprehensive income	73	73	231
Treasury stock, at cost, no shares at August 1, 2026 and January 31, 2026; and 18,071 shares at August 2, 2025	0	0	(1,019,254)
Total stockholders’ equity	2,197,432	2,197,659	2,099,094
Total liabilities and stockholders’ equity	$ 7,991,786	$ 7,510,475	$ 7,231,772