BJ's Wholesale Club Holdings, Inc. announced its financial results for the second quarter of fiscal 2025, revealing several key highlights. Total net sales for the thirteen weeks ended August 2, 2025, amounted to $5,256,907, reflecting a 3.2% increase from the same period in fiscal 2024. Additionally, membership fee income grew by 9.0% year-over-year, reaching $123.3 million for the same period.
The company also saw a record member count of 8 million members and a 34% growth in digitally enabled comparable sales, marking a two-year stacked comp growth of 56%. Earnings per diluted share and adjusted earnings per diluted share increased by 5.6% and 4.6% respectively, amounting to $1.14 for the quarter.
Furthermore, the company's gross profit increased to $1.01 billion, representing a rise from $956.6 million in the second quarter of fiscal 2024. The merchandise gross margin rate, excluding gasoline sales and membership fee income, also increased by 10 basis points over the same quarter of fiscal 2024.
Looking at operating expenses, selling, general and administrative expenses (SG&A) increased to $786.4 million in the second quarter of fiscal 2025 compared to $750.3 million in the second quarter of fiscal 2024. This rise was primarily driven by increased labor and occupancy costs due to new club and gas station openings.
In terms of financial outlook, BJ's Wholesale Club Holdings, Inc. raised its adjusted EPS guidance for fiscal 2025 to range from $4.20 to $4.35. The company also provided an updated outlook for comparable club sales, excluding the impact of gasoline sales, to increase by 2.0% to 3.5% year-over-year.
Following these announcements, the company's shares moved -8.06%, and are now trading at a price of $97.60. Check out the company's full 8-K submission here.
