BJ's Wholesale Q2 Earnings Beat, Raises Guidance
BJ's Wholesale Q2 earnings beat forecasts and raised full-year adjusted EPS to $4.60-$4.80, helping premarket demand as membership and comps firmed.
KEY TAKEAWAYS
- Reported $1.36 diluted and adjusted EPS, up from $1.14 a year earlier.
- Raised full-year adjusted EPS guidance to $4.60-$4.80, citing accelerating comps and record membership.
- Comparable club sales rose 11.9% while ex-gas comps were 3.1%, with member count at a record 8.5 million.
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BJ's Wholesale Club Holdings, Inc. reported second-quarter fiscal 2026 earnings that exceeded expectations and raised its full-year adjusted EPS outlook on Aug. 21, 2026. Management attributed the results to accelerating comparable sales, record membership, and improved profitability, driving shares higher in premarket trading.
Quarter Results and Guidance
The company said in a press release on Aug. 21, 2026, that diluted and adjusted diluted earnings per share reached $1.36 for the 13 weeks ended Aug. 1, up from $1.14 a year earlier. Net sales totaled $6.09 billion, while total revenue was $6.23 billion. BJ’s raised its full-year adjusted EPS guidance to a range of $4.60 to $4.80 for fiscal 2026, reflecting the strong quarterly performance.
Membership and Sales Growth
Comparable club sales, the company’s key measure of sales growth, rose 11.9% year over year, while comparable sales excluding gasoline increased 3.1%. Membership fee income climbed 9.9% to $135.6 million, supported by a record 8.5 million members. Gross profit expanded to $1.11 billion from $1.01 billion in the prior-year quarter. During the period, BJ’s opened three new clubs and one gas station, contributing to the positive outlook. Management said the guidance raise reflected accelerating comparable sales, record membership, and solid profitability.
