Highest-materiality recent filing
BJ's Wholesale Club shareholders elect all 10 directors, approve say-on-pay at annual meeting
All 10 director nominees elected; average 'for' votes ~110M (range 106M-111.5M).
BJ's Q1 revenue up 9.9% to $5.66B; net income down 4.7% to $142.7M; EPS $1.10
Comparable club sales +6.3% YoY; ex-gas +1.5%; membership fee income $132.4M (+9.9%).
Q4 net sales $5.45B (+5.5% YoY); membership fee income $129.8M (+10.9%); digitally-enabled comp sales +31%.
BJ's Q3 net income down 2.4% to $152M; raises adjusted EPS guidance to $4.30-$4.40
Comparable club sales ex-gas +1.8% YoY; two-year stack 5.5%.
BJ's Q2 EPS $1.14, revenue +3.4%; raises FY2025 EPS guide to $4.20-$4.35
Adjusted EPS $1.14, up 4.6% YoY; GAAP EPS $1.14, up 5.6% YoY.
BJ's Wholesale Club shareholders approve officer exculpation, reject GHG proposal at annual meeting
All 10 director nominees elected with majority support; broker non-votes ~4.67M.
BJ's Wholesale Q1 net income $149.8M, EPS $1.13, revenue $5.15B, comps ex-gas +3.9%
Net income $149.8M (EPS $1.13 diluted); adjusted EPS $1.14, up 34.1% YoY.
BJ's Q4 adj EPS $0.93 vs $1.11 YoY; FY net income up 2%; guides FY25 adj EPS $4.10-$4.30
Q4 net sales $5.16B (-1.7% YoY due to 14-week prior year); total comp +4.0%, ex-gas +4.6%.
Net sales $4,984M (+3.4% YoY); membership fee income $115M (+8.4%); comp sales ex-gas up 3.8%.
BJ’s Wholesale Club names Scott Schmadeke EVP, COO; Jeff Desroches resigns
Jeff Desroches resigned as EVP, Chief Operations Officer effective November 5, 2024.
BJ's Wholesale Club refinances $400M term loan, reduces interest rate by 25 bps
New $400M term loan at SOFR + 1.75% per annum, replacing prior rate of SOFR + 2.00%.
BJ's Q2 net sales +4.8%, EPS $1.08; membership fee income +9.1%
Total revenues $5.21B (+4.9% YoY); net income $145.0M (+10.4%).
BJ's Wholesale Club appoints Dave Burwick to board of directors
Dave Burwick appointed to BJ's board effective June 20, 2024; will serve on Nominating and Corporate Governance Committee.
BJ's Q1 adj EPS $0.85 flat YoY; net income down 4.4%, comp sales +1.6%
Net income $111.0M vs $116.1M YoY; GAAP EPS $0.83 vs $0.85; adjusted EPS $0.85 flat.
BJ's Q4 adj EPS $1.11 (+11% YoY); FY2024 guidance $3.75-$4.00
Q4 net sales $5.25B (+8.7% YoY); net income $145.9M (+12.7%); adj EPS $1.11 vs $1.00 prior.
Director Christopher Baldwin will not stand for re-election at BJ's 2024 Annual Meeting
Christopher Baldwin notified BJ's on Jan 18, 2024, he will not stand for re-election at the 2024 Annual Meeting.
Q3 net sales $4.82B (+2.8% YoY); diluted EPS $0.97; adjusted EPS $0.98.
BJ's Wholesale Club refinances $400M term loans, reduces rate and extends maturity to 2029
New $400M 2023 Term Loans refinance and replace existing Tranche B Term Loans.
BJ's Wholesale Club assigns new directors to audit and compensation committees
Steven L. Ortega appointed to audit committee and compensation committee effective Sept 13, 2023.
BJ's Wholesale Q2 EPS $0.97 vs $1.03 YoY; comps ex-gas +1.1%; FY EPS guidance $3.80-$3.92
Net sales $4.86B (-2.9% YoY); total comparable club sales -5.3% (+1.1% ex-gas).
BJ's Wholesale Club appoints Steven L. Ortega and C. Marie Robinson to board of directors
Appointed Steven L. Ortega (former CEO, Leslie's Inc.) and C. Marie Robinson (chief supply chain officer, Sysco) to board, effective June 15, 2023.
BJ's Q1 net income record $116M, adj. EBITDA +16%, comp sales ex-gas +5.7%
Comparable club sales ex-gasoline rose 5.7% YoY; digitally enabled comp sales up 19.0%.
CIO Scott Kessler resigns; board adopts universal proxy bylaw amendments
Scott Kessler resigned as EVP, CIO of BJ's Wholesale Club, Inc., effective May 26, 2023.
BJ's Wholesale Club Q4 comp sales +9.8%; adj EPS $1.00, +25%; FY23 comp +4-5%
Q4 revenue $4.93B (+13.1% YoY); GAAP EPS $0.95 (+21.8%); adjusted EPS $1.00 (+25.0%).
Director Tom Kingsbury resigns from BJ's Board to focus on Kohl's CEO role
Tom Kingsbury resigned from BJ's Board effective Feb 7, 2023.
BJ's Wholesale Club Board member Judy Werthauser resigns effective Feb 2, 2023
Judy Werthauser resigned from BJ's Board effective Feb 2, 2023, to pursue a new opportunity.
BJ's Wholesale Club extends term loan maturity to 2027, rate to SOFR+2.75%
Maturity of $450M first lien term loan extended from Feb 2024 to Feb 2027.
Posts Q3 EPS $0.95, comps +9.7%; raises FY EPS to $3.70-$3.80
GAAP diluted EPS $0.95; adjusted EPS $0.99 (+8.8% YoY); net sales $4.69B (+12.3%).
BJ's Wholesale Club Q2 EPS $1.03 beats; raises FY22 EPS guidance to $3.50-$3.60
Net sales $5.005B (+22.4% YoY); comparable club sales +19.8% total, +7.6% ex-gas.
BJ's Wholesale Club enters $1.2B ABL revolving credit facility, replaces prior facility
New $1.2B ABL revolving facility with Bank of America as administrative agent; matures July 28, 2027.
Chris Baldwin's employment as Executive Chairman ended June 16; he continues as Chairman of the Board.
BJ's Wholesale Club Q1 EPS $0.82 (+39% YoY); comp sales +14.4%; membership fee income up 11.9%
Total comparable club sales +14.4% YoY; ex-gas +4.1%; digitally enabled sales +26%.
BJ's Wholesale Q4 EPS $0.78, revenue $4.36B; FY22 EPS guided flat amid inflation uncertainty
Q4 total revenues $4.36B (+10.4% YoY), net income $107.6M, diluted EPS $0.78 ($0.80 adjusted).
BJ's Wholesale Club Q3 sales up 14.4%, comps up 13.1%; authorizes $500M buyback
Net sales $4.17B (+14.4% YoY); total comparable sales +13.1% (2-year stacked +27.2%).
On November 5, 2024, Jeff Desroches resigned as Executive Vice President, Chief Operations Officer of BJ’s Wholesale Club Holdings, Inc. (the “Company”) effective as of such date.
On June 20, 2024, the Board of Directors (the “board”) of BJ’s Wholesale Club Holdings, Inc. (the “company”), following the annual meeting (as defined below), appointed Dave Burwick as a member of the board, effective immediately, to serve until the company’s annual meeting of shareholders to be held in 2025, or upon the election and qualification of a successor director.
On January 18, 2024, Christopher Baldwin notified BJ’s Wholesale Club Holdings, Inc. (the “company”) that he has decided not to stand for re-election to the company’s board of directors at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).
appointed C. Marie Robinson and Steven L. Ortega as members of the board, effective immediately.
appointed C. Marie Robinson and Steven L. Ortega as members of the board, effective immediately.
On May 15, 2023, Scott Kessler notified BJ’s Wholesale Club Holdings, Inc. (the “Company”) of his decision to resign, effective as of May 26, 2023, as Executive Vice President, Chief Information Officer of BJ’s Wholesale Club, Inc., a wholly owned subsidiary of the Company.
On February 3, 2023, Tom Kingsbury informed the Board of Directors (the “Board”) of BJ’s Wholesale Club Holdings, Inc. (the “Company”) that he will resign from the Board.
On January 31, 2023, Judy Werthauser informed the Board of Directors (the “Board”) of BJ’s Wholesale Club Holdings, Inc. (the “Company”) that she will resign from the Board.
On June 16, 2022 the Board of Directors of the Company (the "Board") determined that, subsequent to the end of his employment as Executive Chairman on June 16, 2022, Mr. Baldwin would continue to serve as the Company’s Chairman of the Board.
Max materiality 0.85 · Median 0.65 · Most common event earnings