Q4 2024 BJ's Wholesale Club Holdings Inc Earnings Call Transcript
Key Points
- BJ's Wholesale Club Holdings Inc (BJ) reported record net sales, membership, and adjusted earnings per share for fiscal 2024.
- Membership reached an all-time high with over 7.5 million members and a renewal rate of 90%.
- Comparable club sales, excluding gas sales, grew by 4.6% in the fourth quarter, marking the 12th consecutive quarter of traffic growth.
- The company's digital conveniences fueled a 26% year-over-year growth in digitally enabled comp sales for the fourth quarter.
- BJ's opened seven new clubs and 12 gas stations in fiscal 2024, with plans to open 25 to 30 clubs over the next two fiscal years.
- Fourth-quarter merchandise gross margins decreased by approximately 10 basis points year over year.
- The company anticipates slight deleverage in SG&A due to accelerated new club openings and increased depreciation.
- BJ's faces economic and geopolitical uncertainties that could impact costs and consumer behavior in fiscal 2025.
- The company is cautious about potential impacts from tariffs, which could raise prices and disrupt supply chains.
- There is a noted sensitivity to discretionary purchasing among consumers, which could affect general merchandise sales.
Good morning, all and thank you for joining us for the BJ's Wholesale Club Holdings, Inc. fourth-quarter fiscal 2024 earnings conference call. My name is Carly and I'll be coordinating the call today. (Operator Instructions).
I'd like to hand over to your host, Cathy Park, VP of Investor Relations. The floor is yours.
'- -
Good morning, and welcome to BJ's fourth-quarter fiscal 2024 earnings call. With me today are Bob Eddy, Chairman and Chief Executive Officer; Laura Felice, Chief Financial Officer; and Bill Werner, Executive Vice President, Strategy and Development.
Please remember that we may make forward-looking statements on this call that are based on our current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from what we say on this call. Please see the risk factors sections of our most recent SEC filings for a description of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
