BJ's Wholesale Club Holdings, Inc. announced its financial results for the fourth quarter and full fiscal year 2024, which ended February 1, 2025. For Q4 FY24, net sales were $5.162 billion, a 1.7% decrease year-over-year, but a 5.4% increase when excluding the extra week in Q4 FY23. Membership fee income grew 7.9% to $117.0 million.
Diluted EPS for Q4 FY24 was $0.92, down 14.8% year-over-year, and adjusted EPS was $0.93. For the full fiscal year 2024, net sales increased 2.5% to $20.045 billion, and diluted EPS was $4.00, up 3.1%. Adjusted EPS for the full year was $4.05, up 2.3%. The company reported strong comparable club sales growth, excluding gasoline, of 4.6% in Q4 FY24 and 26% growth in digitally-enabled comparable sales.
BJ's provided its fiscal 2025 guidance, expecting comparable club sales growth, excluding gasoline, of 2.0% to 3.5%, and adjusted earnings per share in the range of $4.10 to $4.30. The company also announced an aggressive expansion plan to open 25-30 new clubs over the next two fiscal years, including entry into the Dallas-Fort Worth area starting in early 2026.
This expansion includes new locations set to open in 2025, such as a second BJ's market concept club in Delray Beach, Florida. At the end of FY24, BJ's operated 250 clubs and 186 gas stations, having opened 7 new clubs and 12 new gas stations during the fiscal year. The company emphasized its focus on delivering value and convenience to members.
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