\n\n\u00a0<\/p><\/td> | \nMay 2, 2026<\/b><\/p><\/td> | \n | \nMay 3, 2025<\/b><\/p><\/td><\/tr>\n\n\nNet sales<\/p><\/td> | \n$<\/p><\/td> | \n5,529,145<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n5,033,094<\/p><\/td><\/tr>\n | \n\nMembership fee income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n132,355<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n120,389<\/p><\/td><\/tr>\n | \n\nTotal revenues<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,661,500<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,153,483<\/p><\/td><\/tr>\n | \n\nCost of sales<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,633,599<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,183,984<\/p><\/td><\/tr>\n | \n\nSelling, general and administrative expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n806,010<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n760,880<\/p><\/td><\/tr>\n | \n\nPre-opening expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n13,978<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,974<\/p><\/td><\/tr>\n | \n\nOperating income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n207,913<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n203,645<\/p><\/td><\/tr>\n | \n\nInterest expense, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12,367<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,099<\/p><\/td><\/tr>\n | \n\nIncome before income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n195,546<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n192,546<\/p><\/td><\/tr>\n | \n\nProvision for income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n52,820<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n42,778<\/p><\/td><\/tr>\n | \n\nNet income<\/p><\/td> | \n$<\/p><\/td> | \n142,726<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n149,768<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nIncome per share attributable to common stockholders\u2014basic:<\/p><\/td> | \n$<\/p><\/td> | \n1.11<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.14<\/p><\/td><\/tr>\n | \n\nIncome per share attributable to common stockholders\u2014diluted:<\/p><\/td> | \n$<\/p><\/td> | \n1.10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.13<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nWeighted-average number of shares outstanding:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nBasic<\/p><\/td> | \n\u00a0<\/p><\/td> | \n128,650<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n131,569<\/p><\/td><\/tr>\n | \n\nDiluted<\/p><\/td> | \n\u00a0<\/p><\/td> | \n129,383<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n132,749<\/p><\/td><\/tr>\n<\/table> \nBJ'S WHOLESALE CLUB HOLDINGS, INC.\n<\/b>CONDENSED CONSOLIDATED BALANCE SHEETS\n<\/b>(Amounts in thousands, except per share amounts)\n<\/b>(Unaudited)<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nMay 2, 2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nMay 3, 2025<\/b><\/p><\/td><\/tr>\n\n\nASSETS<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCurrent assets:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCash and cash equivalents<\/p><\/td> | \n$<\/p><\/td> | \n27,826<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n39,484<\/p><\/td><\/tr>\n | \n\nAccounts receivable, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n319,936<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n240,419<\/p><\/td><\/tr>\n | \n\nMerchandise inventories<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,668,263<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,567,032<\/p><\/td><\/tr>\n | \n\nPrepaid expense and other current assets<\/p><\/td> | \n\u00a0<\/p><\/td> | \n198,876<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n81,833<\/p><\/td><\/tr>\n | \n\nTotal current assets<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,214,901<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,928,768<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOperating lease right-of-use assets, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,004,451<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,065,890<\/p><\/td><\/tr>\n | \n\nProperty and equipment, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,534,420<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,988,290<\/p><\/td><\/tr>\n | \n\nGoodwill<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,008,816<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,008,816<\/p><\/td><\/tr>\n | \n\nIntangibles, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n94,239<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n99,697<\/p><\/td><\/tr>\n | \n\nDeferred income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,593<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,615<\/p><\/td><\/tr>\n | \n\nOther assets<\/p><\/td> | \n\u00a0<\/p><\/td> | \n67,578<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n58,596<\/p><\/td><\/tr>\n | \n\nTotal assets<\/p><\/td> | \n$<\/p><\/td> | \n7,928,998<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n7,157,672<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLIABILITIES<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCurrent liabilities:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nShort-term debt<\/p><\/td> | \n$<\/p><\/td> | \n375,000<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n150,000<\/p><\/td><\/tr>\n | \n\nCurrent portion of operating lease liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n181,994<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n169,568<\/p><\/td><\/tr>\n | \n\nAccounts payable<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,438,931<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,255,867<\/p><\/td><\/tr>\n | \n\nAccrued expenses and other current liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,048,934<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n934,974<\/p><\/td><\/tr>\n | \n\nTotal current liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,044,859<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,510,409<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLong-term operating lease liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,905,325<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,977,180<\/p><\/td><\/tr>\n | \n\nLong-term debt<\/p><\/td> | \n\u00a0<\/p><\/td> | \n399,172<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n398,880<\/p><\/td><\/tr>\n | \n\nDeferred income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n68,228<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n55,386<\/p><\/td><\/tr>\n | \n\nOther non-current liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n385,155<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n244,232<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nSTOCKHOLDERS' EQUITY<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,126,259<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,971,585<\/p><\/td><\/tr>\n | \n\nTotal liabilities and stockholders' equity<\/p><\/td> | \n$<\/p><\/td> | \n7,928,998<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n7,157,672<\/p><\/td><\/tr>\n<\/table> \nBJ'S WHOLESALE CLUB HOLDINGS, INC.\n<\/b>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS\n<\/b>(Amounts in thousands, except per share amounts)\n<\/b>(Unaudited)<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThirteen Weeks Ended<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \nMay 2, 2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nMay 3, 2025<\/b><\/p><\/td><\/tr>\n\n\nCASH FLOWS FROM OPERATING ACTIVITIES<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet income<\/p><\/td> | \n$<\/p><\/td> | \n142,726<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n149,768<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAdjustments to reconcile net income to net cash provided by operating activities:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDepreciation and amortization<\/p><\/td> | \n\u00a0<\/p><\/td> | \n76,452<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n69,665<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAmortization of debt issuance costs and accretion of original issue discount<\/p><\/td> | \n\u00a0<\/p><\/td> | \n273<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n273<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nStock-based compensation expense<\/p><\/td> | \n\u00a0<\/p><\/td> | \n13,280<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,654<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDeferred income tax provision (benefit)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(4,913<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nChanges in operating leases and other non-cash items<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(30,631<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(24,397<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nIncrease (decrease) in cash due to changes in:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAccounts receivable, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(51,300<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n39,735<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nMerchandise inventories<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(112,792<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(58,044<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAccounts payable<\/p><\/td> | \n\u00a0<\/p><\/td> | \n131,526<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,355<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAccrued expenses and other current liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n24,446<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n24,783<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOther operating assets and liabilities, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(57,195<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,786<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet cash provided by operating activities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n139,958<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n208,093<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCASH FLOWS FROM INVESTING ACTIVITIES<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAdditions to property and equipment, net of disposals and proceeds from sale-leaseback transactions<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(182,004<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(140,497<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nOther investing activities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2,630<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,794<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet cash used in investing activities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(184,634<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(142,291<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nCASH FLOWS FROM FINANCING ACTIVITIES<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProceeds from revolving lines of credit<\/p><\/td> | \n\u00a0<\/p><\/td> | \n320,000<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n66,000<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPayments on revolving lines of credit<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(65,000<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(91,000<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet cash received from stock option exercises<\/p><\/td> | \n\u00a0<\/p><\/td> | \n125<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAcquisition of treasury stock<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(225,717<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(41,305<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet (payments on) proceeds from financing obligations<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(73<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8,721<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOther financing activities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3,078<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2,020<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet cash provided by (used in) financing activities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n26,257<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(54,590<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet (decrease) increase in cash and cash equivalents<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(18,419<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,212<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCash and cash equivalents at beginning of period<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46,245<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n28,272<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCash and cash equivalents at end of period<\/p><\/td> | \n$<\/p><\/td> | \n27,826<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n39,484<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n<\/table> \nNote Regarding Non-GAAP Financial Information<\/b><\/p> \nThis press release includes financial measures that are not calculated in accordance with GAAP, including adjusted net income, adjusted net income per diluted share (\u201cadjusted EPS\u201d), adjusted EBITDA, adjusted free cash flow, net debt, net debt to last twelve months (\u201cLTM\u201d) adjusted EBITDA, and comparable club sales.<\/p> \nWe define adjusted net income as net income as reported, adjusted for non-recurring, infrequent, or unusual changes, including restructuring charges, and other adjustments that the Company believes appropriate, net of the tax impact of such adjustments.<\/p> \nWe define adjusted EPS as adjusted net income divided by the weighted-average diluted shares outstanding.<\/p> \nWe define adjusted EBITDA as net income before interest expense, net, provision for income taxes, and depreciation and amortization, adjusted for the impact of certain other items, including stock-based compensation expense, restructuring, and other adjustments.<\/p> \nWe define adjusted free cash flow as net cash provided by operating activities less additions to property and equipment, net of disposals, plus proceeds from sale-leaseback transactions.<\/p> \nWe define net debt as total debt outstanding less cash and cash equivalents.<\/p> \nWe define net debt to LTM adjusted EBITDA as net debt at the balance sheet date divided by adjusted EBITDA for the trailing twelve-month period.<\/p> \nWe present adjusted net income, adjusted EPS, and adjusted EBITDA, which are not recognized financial measures under GAAP, because we believe such measures assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.<\/p> \nWe believe that adjusted net income, adjusted EPS, and adjusted EBITDA are helpful in highlighting trends in our core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, and capital investments. We use adjusted net income, adjusted EPS, and adjusted EBITDA to supplement GAAP measures of performance in the evaluation of the effectiveness of our business strategies; to make budgeting decisions; and to compare our performance against that of other peer companies using similar measures. We also use adjusted EBITDA and adjusted EPS in connection with establishing annual and long-term incentive compensation.<\/p> \nWe present adjusted free cash flow, which is not a recognized financial measure under GAAP, because we use it to report to our Board of Directors and we believe it assists investors and analysts in evaluating our liquidity. Adjusted free cash flow should not be considered as an alternative to cash flows from operations as a liquidity measure. We present net debt and net debt to LTM adjusted EBITDA, which are not recognized as financial measures under GAAP, because we use them to report to our Board of Directors and we believe they assist investors and analysts in evaluating our borrowing capacity. Net debt to LTM adjusted EBITDA is a key financial measure that is used by management to assess the borrowing capacity of the Company.<\/p> \nYou are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating adjusted net income, adjusted EPS, adjusted EBITDA, and net debt to LTM adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or like some of the adjustments in our presentation of these metrics. Our presentation of adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA should not be considered as alternatives to any other measure derived in accordance with GAAP and they should not be construed as an inference that the Company\u2019s future results will be unaffected by unusual or non-recurring items. There can be no assurance that we will not modify the presentation of adjusted net income, adjusted EPS, adjusted EBITDA, or net debt to LTM adjusted EBITDA in the future, and any such modification may be material. In addition, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA may not be comparable to similarly titled measures used by other companies in our industry or across different industries. Additionally, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt, and net debt to LTM adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP.<\/p> \nIn reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K, the Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, including of its projected range for adjusted EPS for Fiscal 2026 to net income per diluted share, which is the most directly comparable GAAP measure, under \u201cFiscal 2026 Ending January 30, 2027\u201d above, where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items or there are no meaningful adjustments to be presented in the reconciliation and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and\/or amount of various items that would impact net income per diluted share, if any. This includes items that have not yet occurred, are out of the Company's control, cannot be reasonably predicted and\/or for which there would not be any meaningful adjustment or difference. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The information under \u201cFiscal 2026 Ending January 30, 2027\u201d above, including expectations about adjusted EPS reflects management\u2019s view of current and future market conditions. To the extent actual results differ from our current expectations, the Company\u2019s results may differ materially from the expectations set forth above. Other factors, as referenced elsewhere in this press release, may also cause the Company\u2019s results to differ materially from the expectations set forth above.<\/p> \nReconciliation of GAAP to Non-GAAP Financial Information<\/b><\/p> \nBJ'S WHOLESALE CLUB HOLDINGS, INC.\n<\/b>Reconciliation of net income to adjusted net income and adjusted EPS\n<\/b>(Amounts in thousands, except per share amounts)\n<\/b>(Unaudited)<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThirteen Weeks Ended<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \nMay 2, 2026<\/b><\/p><\/td> | \n | \nMay 3, 2025<\/b><\/p><\/td><\/tr>\n\n\nNet income as reported<\/b><\/p><\/td> | \n$<\/p><\/td> | \n142,726<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n149,768<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAdjustments:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nRestructuring (a)<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,537<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nTax impact of adjustments to net income (b)<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(430<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAdjusted net income<\/b><\/p><\/td> | \n$<\/p><\/td> | \n142,726<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n150,875<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nWeighted-average diluted shares outstanding<\/p><\/td> | \n\u00a0<\/p><\/td> | \n129,383<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n132,749<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAdjusted EPS (c)<\/sup><\/p><\/td>\n$<\/p><\/td> | \n1.10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.14<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n(a) Represents charges related to the restructuring of certain corporate and club functions, including costs for severance, retention, outplacement, consulting fees, and other third-party fees.\n(b) Represents the tax effect of the above adjustments at a statutory tax rate of approximately 28%.\n(c) Adjusted EPS is measured using weighted-average diluted shares outstanding.<\/p><\/td><\/tr>\n<\/table> \nBJ'S WHOLESALE CLUB HOLDINGS, INC.\n<\/b>Reconciliation to adjusted EBITDA\n<\/b>(Amounts in thousands)\n<\/b>(Unaudited)<\/b><\/p> | | | | | | | | | | | | |
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