BJ's Wholesale Club Holdings, Inc., or simply BJ's, is an American membership-only warehouse club company established in Westborough, Massachusetts.

Table of Content

First Quarter Highlights First Quarter YoY Financial Comparison Additional Key Highlights
 

BJ's First Quarter Highlights

  • Year over year, total comparable club sales climbed by 14.4%
  • Year over year, comparable club sales, excluding gasoline sales, climbed by 4.1 percent
  • Year over year, membership fee income climbed by 11.9 percent to $96.6 million
  • The growth rate of digitally-enabled sales was 26.0 percent
  • Earnings per diluted share increased by 39.0 percent year over year to $0.82
  • The $0.87 adjusted earnings per diluted share is a 20.8 percent increase year over year
  • With a funded leverage of 0.9x at the end of the quarter, the balance sheet remained healthy

Source:BJ's Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2022 Results

 

BJ's YOY Financial Comparison - First Quarter

  • In the first quarter of 2022, sales climbed by $628.2 million over the same quarter the previous year, i.e. 2021
  • When compared to the same quarter last year, the expense ratio declined by 0.08 percent in the first quarter of 2022
  • When compared to the same quarter last year, the Operating Profit Ratio improved by 0.08 percent in the first quarter of 2022
  • When compared to the same quarter last year, the Net Earnings Ratio improved by 0.39 percent in the first quarter of 2022

Source:BJ's Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2022 Results

 

Additional Key Highlights

  • During the first quarter of FY 2022, total comparable club sales climbed by 14.4% over the first quarter of fiscal 2021. Comparable club sales climbed by 4.1 percent during this quarter this year compared to the same period last year, with the exception of the effect of gasoline sales
  • The merchandise gross margin rate, which doesn't include membership fee income and gasoline sales, fell 30 basis points in fiscal 2021's first quarter. Merchandise margins were influenced by higher freight costs and strategic investments in inflationary sectors
  • Selling, general, and administrative costs ("SG&A") grew to $635.4 million in the first quarter of FY 2022, up from $599.9 million in the same period the previous year. Occupancy costs from new club openings, increased labour costs from previous year's wage investments, and acquisition and integration charges from the assets' acquisition from Burris Logistics all contributed to the increase

Source:BJ's Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2022 Results