BJ's Wholesale Club Files Q1 2024 10-Q

TL;DR

BJ's Wholesale Club dropped their Q1 2024 10-Q. Check financials.

AI Summary

BJ's Wholesale Club Holdings, Inc. filed its 10-Q for the period ending May 4, 2024. The filing covers the first quarter of fiscal year 2024, detailing financial performance and operational updates. Key financial data and business segments are presented for the reporting period.

Why It Matters

This filing provides investors with a detailed look at BJ's financial health and operational performance during the first quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• Q1 2024 — Fiscal Quarter (Reporting period)
• 0201 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• BJ's Wholesale Club Holdings, Inc. (company) — Filer
• 20240504 (date) — Reporting period end date
• 20240530 (date) — Filing date
• Beacon Holding Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.01 B — ich registered Common Stock, par value $0.01 BJ New York Stock Exchange Indicate by
• $0.01 — had 132,709,079 shares of common stock, $0.01 par value per share, outstanding. Tab
• $1.2 billion — means the aggregate committed amount of $1.2 billion under the ABL Revolving Facility; "Fir

Filing Documents

• bj-20240504.htm (10-Q) — 776KB
• exhibit101-arnonxemployeed.htm (EX-10.1) — 21KB
• bj-20240504x10qex311.htm (EX-31.1) — 10KB
• bj-20240504x10qex312.htm (EX-31.2) — 10KB
• bj-20240504x10qex321.htm (EX-32.1) — 5KB
• bj-20240504x10qex322.htm (EX-32.2) — 5KB
• bj-20240504_g1.jpg (GRAPHIC) — 5KB
• 0001531152-24-000071.txt ( ) — 4374KB
• bj-20240504.xsd (EX-101.SCH) — 30KB
• bj-20240504_cal.xml (EX-101.CAL) — 47KB
• bj-20240504_def.xml (EX-101.DEF) — 150KB
• bj-20240504_lab.xml (EX-101.LAB) — 465KB
• bj-20240504_pre.xml (EX-101.PRE) — 305KB
• bj-20240504_htm.xml (XML) — 442KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations and Comprehensive Income 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.

Controls and Procedures

Controls and Procedures 26 PART II. OTHER INFORMATION 26 Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 27 Item 4. Mine Safety Disclosures 27 Item 5. Other Information 27 Item 6. Exhibits 28 Signature 29 2 TRADEMARKS BJ's Wholesale Club , BJ's , Wellsley Farms , Berkley Jensen , My BJ's Perks , BJ's Easy Renewal , BJ's Gas , BJ's One , BJ's One+ , BJ's Perks Elite , BJ's Perks Plus , Inner Circle , Same-Day-Select , ExpressPay and BJ's Perks Rewards are all registered trademarks of BJ's Wholesale Club, Inc. Other trademarks, trade names and service marks appearing in this Quarterly Report on Form 10-Q are the property of their respective owners. We do not intend our use or display of those other parties' trademarks, trade names or service marks to imply, and such use or display should not be construed to imply, a relationship with, or endorsement or sponsorship of us by, these other parties. Solely for convenience, trademarks, trade names and service marks referred to in this Quarterly Report on Form 10-Q may appear without the , or SM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks, trade names and service marks. DEFINED TERMS As used in this Quarterly Report on Form 10-Q, unless the context otherwise requires: "The Company", "BJ's", "we", "us" and "our" mean BJ's Wholesale Club Holdings, Inc. and, unless the context otherwise requires, its consolidated subsidiaries; "ABL Revolving Facility" means the Company's revolving credit facility entered into on July 28, 2022; "ABL Revolving Commitment" means the aggregate committed amount of $1.2 billion under the ABL Revolving Facility; "First Lien Term Loan" means the Company's senior secured first lien term loan facility that was amended on October 12, 2023; "Fourth Amendment" means the Company's fourth

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. BJ'S WHOLESALE CLUB HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except par value) (Unaudited) May 4, 2024 February 3, 2024 April 29, 2023 ASSETS Current assets: Cash and cash equivalents $ 35,094 $ 36,049 $ 23,387 Accounts receivable, net 225,199 234,769 217,866 Merchandise inventories 1,533,310 1,454,822 1,532,006 Prepaid expenses and other current assets 85,048 68,366 69,048 Total current assets 1,878,651 1,794,006 1,842,307 Operating lease right-of-use assets, net 2,159,955 2,140,482 2,124,621 Property and equipment, net 1,620,255 1,578,792 1,364,815 Goodwill 1,008,816 1,008,816 1,008,816 Intangibles, net 106,001 107,632 113,536 Deferred income taxes 2,693 4,071 6,728 Other assets 48,356 43,823 33,672 Total assets $ 6,824,727 $ 6,677,622 $ 6,494,495 LIABILITIES Current liabilities: Short-term debt $ 270,000 $ 319,000 $ 400,000 Current portion of operating lease liabilities 156,914 153,631 178,939 Accounts payable 1,264,873 1,183,281 1,281,676 Accrued expenses and other current liabilities 834,053 812,136 758,724 Total current liabilities 2,525,840 2,468,048 2,619,339 Long-term operating lease liabilities 2,069,587 2,050,883 2,037,844 Long-term debt 398,509 398,432 448,004 Deferred income taxes 74,804 74,773 66,699 Other non-current liabilities 228,567 226,635 190,883 Commitments and contingencies (see Note 5 ) STOCKHOLDERS' EQUITY Preferred stock; par value $ 0.01 ; 5,000 shares authorized, and no shares issued — — — Common stock, par value $ 0.01 ; 300,000 shares authorized, 148,247 shares issued and 132,708 outstanding at May 4, 2024; 147,544 shares issued and 132,768 outstanding at February 3, 2024; and 147,380 shares issued and 134,376 outstanding at April 29, 2023 1,482 1,475 1,473 Additional paid-in capital 1,020,857 1,006,409 970,227 Retained earnings 1,279,250 1,168,231 760,567 Accumulated other comprehensive income 501 501 1,049 Treasury stock, at cost

View Full Filing

View this 10-Q filing on SEC EDGAR