BJ Q2 2023 Earnings Report — BJ's Wholesale Club Holdings, Inc. Revenue & Financial Results | Market Cap Arena

BJ's Wholesale Club Holdings, Inc.BJ

Q2 2023 Earnings

Reported August 25, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$5.0B	$4.7B	$5.1B	5.1%	-2.7%
Op. Income	$200M	$187M	$203M	7.2%	-1.3%
Gross Margin	18.1%	18.6%	16.9%	-0.6pp	1.2pp
Net Margin	2.6%	2.5%	2.8%	0.2pp	-0.1pp
EPS (Diluted)	$0.97	$0.85	$1.03	14.1%	-5.8%
Free Cash Flow	$34M	$27M	$298M	26.4%	-88.5%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$4.1B
GROSS PROFIT	$897M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$695M
Other Expenses	$2M
Operating Expenses	$697M
Cost & Expenses	$4.8B
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$184M
Income Tax Expense	$53M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$55M
EBIT	$200M
EBITDA	$255M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$4.1B
GROSS PROFIT	$897M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$695M
Other Expenses	$2M
Operating Expenses	$697M
Cost & Expenses	$4.8B
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$184M
Income Tax Expense	$53M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$55M
EBIT	$200M
EBITDA	$255M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$131M
Depreciation & Amortization	$55M
Stock-Based Compensation	$10M
Deferred Income Tax	-$4M
Other Non-Cash Items	$2M
Change in Working Capital	-$43M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$116M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$116M
Net Debt Issuance	$11M
Common Stock Repurchased	-$45M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$34M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$200M
Inventory	$1.5B
Other Current Assets	$76M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$3.6B
Goodwill	$1.0B
Intangible Assets	$112M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$6.6B
Account Payables	$1.2B
Short-Term Debt	$411M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$448M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$64M
Other Non-Current Liabilities	$194M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$5.4B
Common Stock	$1M
Additional Paid-In Capital	$983M
Retained Earnings	$892M
Treasury Stock	-$646M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$3.1B
Net Debt	$3.1B