BJ's (BJ) Q2 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 25, 2026 astatine 9:31 AM CDT 49 min read

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Date

Friday, August 22, 2025 astatine 8:30 a.m. ET

Call participants

• President and Chief Executive Officer — Robert W. Eddy

• Executive Vice President, Chief Financial Officer — Laura L. Felice

• Executive Vice President, Chief Operating Officer — William C. Werner

Full Conference Call Transcript

Robert W. Eddy: Good morning, everyone. Thanks for joining america contiguous to sermon our 2nd 4th results. Our concern delivered coagulated results successful Q2 arsenic we continued to supply our members unbeatable worth on with exceptional convenience, successful an situation that remains precise dynamic. Our committedness to taking attraction of the families who beryllium connected america is much than conscionable a slogan, and we presumption the show this 4th arsenic demonstrable impervious of the powerfulness and relevance of our concern exemplary successful a volatile backdrop. Now much than ever, we volition support an unwavering absorption connected the priorities that volition thrust worth for our members some present and into the future.

Our Q2 results included comparable nine sales, excluding gas, of 2.3%, led by our 14th consecutive 4th of postulation maturation and our 11th consecutive 4th of marketplace stock growth. Our rank basal continues to grow, and I'm blessed to denote that we reached the 8 cardinal subordinate milestone this quarter, representing 55% maturation successful our rank basal since our IPO 7 years ago. Our integer concern continues to radiance and represents a generational unlock for america arsenic we present worth to our members however and wherever they want. This concern grew 34% during the quarter.

These results were coagulated successful the look of marketplace situation influenced by some macro uncertainty arsenic good arsenic the unseasonably bedewed and acold upwind astatine the commencement of the quarter, particularly successful our halfway Northeast and Mid-Atlantic markets. We saw our concern accelerate arsenic the upwind improved. Our Perishables Grocery and Sundries part led our Q2 show with steadfast 3% comp maturation and a 2-year stack that held dependable with Q1. The investments we've made successful some Fresh 2.0 and our class absorption process person driven continued stock gains crossed our consumables franchise. We saw the astir spot successful perishable categories similar dairy, nutrient and caller produce.

The investments we've made successful our Fresh 2.0 capabilities proceed to present worth for the institution and our members, and we're gathering connected these gains arsenic we grow our efforts to our nutrient and seafood franchises. Our GM and services concern declined 2.2% connected a comp ground successful the quarter, with the results being impacted by some the upwind and macro factors that I noted earlier. Certain higher-ticket discretionary categories successful GM specified arsenic recreation and tract and plot experienced double-digit declines successful comp sales. Our squad was speedy to respond to these aboriginal 4th trends, and we aggressively managed orders and markdowns to guarantee we exited the 4th successful a prudent inventory position.