BJs Wholesale Club 2026 Q3 Earnings 9-Year High Net Income Amid 1.7% EPS Drop

BJ's Wholesale Club (BJ) reported fiscal 2026 Q3 earnings on Nov 26, 2025, with revenue rising 4.9% to $5.35 billion and net income hitting a 9-year high despite a 1.7% decline in EPS. The company highlighted strategic supply chain investments and strong customer engagement as key drivers, though challenges like rising labor costs persisted.

Revenue

Revenue growth in Q3 2026 was fueled by a 4.9% increase in total sales to $5.35 billion, driven by $5.22 billion in net sales and $126.30 million in membership fee income. The core wholesale business remained robust, with perishables, grocery, and sundries categories benefiting from traffic and unit growth.

Earnings/Net Income

Despite a 1.7% decline in EPS to $1.16 and a 2.4% drop in net income to $152.05 million, the company set a new record for Q3 net income, marking the highest level in nine years. Strategic cost management and interest expense reductions partially offset inflationary pressures. The mixed performance reflects resilience in revenue growth despite margin pressures.

Price Action

BJ’s stock edged up 1.14% in the latest trading day but declined 0.59% weekly and 3.08% month-to-date, reflecting mixed investor sentiment ahead of earnings.

Post-Earnings Price Action Review

A strategy of buying BJ after earnings beats and selling after 30 days generated a 40.54% return, significantly underperforming the 74.64% benchmark. The approach exhibited a maximum drawdown of 0.00%, a Sharpe ratio of 0.43, and volatility of 17.54%, underscoring the stock’s unpredictable short-term behavior post-earnings.

[CEO Commentary]

The CEO emphasized strategic investments in supply chain optimization and strong customer engagement as key drivers of Q3 performance, while acknowledging challenges from rising labor costs and competitive pricing.

Additional News

BJ's Wholesale Club expanded its footprint to 257 warehouse clubs and 194 gas stations across 21 states as of Nov 26, 2025. The company allocated significant capital to infrastructure upgrades, focusing on expanding its club network and enhancing supply chain efficiency. While no M&A activity or C-level changes were disclosed, the report highlighted ongoing investments in perishables and general merchandise categories, including fresh meat, produce, and consumer electronics.