BJ’s Wholesale Club Q3 2025 Earnings Surge: Shares Jump to $91.42 Amid Membership Fee Increase
Discover how BJ’s Wholesale Club outperformed Q3 expectations with a 20% net income boost, announced its first membership fee hike in seven years, and launched a $1 billion stock buyback program, driving shares up over 6%.
Highlights from BJ’s Wholesale Club Q3 2024 Report
- BJ’s Wholesale Club shares climbed over 6% following stronger-than-anticipated Q3 profits.
- The retailer announced its first membership fee increase since 2017, raising Club fees to $60 and Club+ to $120 starting January 1.
- A new $1 billion stock repurchase program was approved, extending through January 2029.
BJ’s Wholesale Club reported Q3 revenue of $5.1 billion, marking a 3% year-over-year increase, narrowly missing analyst projections of $5.11 billion. Despite this, net income soared nearly 20% to $155.75 million, surpassing the estimated $124.09 million.
Comparable store sales grew 1.5%, just shy of the 1.6% forecast. BJ’s attributed sales resilience partly to consumer stockpiling amid summer port strike concerns, which were later suspended in October.
Membership Fee Adjustment and Enhanced Guidance
Effective January 1, BJ’s will raise membership fees from $55 to $60 for the Club tier and from $110 to $120 for Club+, which offers expanded discounts and rewards. This adjustment mirrors a similar fee hike by competitor Costco in September, both marking the first increases in seven years.
Additionally, BJ’s board authorized a fresh $1 billion stock buyback plan, replacing the current program set to expire in January and extending repurchases through 2029.
For fiscal year 2024, BJ’s raised its comparable sales growth forecast (excluding gas station sales) to 2.3%-2.4%, up from 1%-2%. Adjusted earnings per share guidance was also increased to a range of $3.90 to $4.00, compared to the previous $3.75 to $4.00.
Following the announcement, BJ’s shares surged over 6%, reaching $91.42 in early trading on Thursday.
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