BJ’s Wholesale Club Reports Q4 2024 Earnings, CEO Says ‘Lesser Exposure’ to Tariffs Could Be Beneficial

BJ’s Wholesale Club reported its Q4 2024 earnings on March 6, according to Zacks Equity Research, delivering “mixed performance.”

BJ’s reported earnings per share (EPS) of $0.93, beating Zacks Consensus projections of $0.87. However, this figure fell short of the $1.11 EPS reported during this period last year.

And while net sales were down in Q4 by 1.7%, coming in at $5.16 billion, net sales for the year ticked upward by 2.5%, per Supermarket News. TheStreet further pointed out that comparable club sales rose by 4%, an encouraging metric. Perhaps most impressive were BJ’s stats concerning its growth of digital sales, which jumped by a significant 26% over the course of the quarter.

As a result of “solid” performance (as noted by TheStreet) in contrast with Zack’s more reserved analysis, investors seemed to see potential for an even more bullish future for BJ’s. Shares jumped by 12.2% on March 6 to reach an all-time high of $113.64, rising slightly more to $115.50 as of 4 p.m. ET on March 7.

BJ’s CEO Seemingly Unconcerned About Trump Tariffs, Despite Fresh 2.0 Strategy Zeroed in on Produce

Despite the company’s recent Fresh 2.0 initiative having been a success, as Supermarket News underscored, BJ’s CEO Bob Eddy remained unfazed in the face of the impact that President Donald Trump’s tariff strategy might have on the company’s fortunes.

“Our strength in perishables has been a recurring theme all year, as more members make us their weekly destination for quality essentials such as produce, dairy, and meat,” Eddy said during the earnings call.

“Costs of key commodities are already rising,” he added. “Tariffs also risk disrupting the supply chain as the market moves production to mitigate tariff exposures.”

However, in a macroeconomic climate which sees all retailers — including BJ’s competitors — facing increased prices and supply chain disruptions, this presents an opportunity for the warehouse club. According to the CEO, other retailers in the segment are ill-positioned to contend with these larger economic headwinds.

“We have lesser exposure to tariffs than many retailers,” Eddy added.

That may be true, as BJ’s has shown notable strength versus other entities in its space. Zacks provided an analysis showing that BJ’s share price had surged by 44.5% over the past six months, as opposed to a general industry decline of 2.5%. Zacks currently rates the stock as a buy.

BJ’s To Open 25 to 30 New Stores, Focusing on Texas

BJ’s isn’t exactly resting on its laurels, either. The company added seven warehouse clubs and 12 gas stations to its holdings over 2024 and is planning a major expansion of 25 to 30 new stores during the next two fiscal years — with several locations in the Dallas-Fort Worth area slated to open for business in 2026.

“Economic expansion and a growing population make Texas a great fit for us,” Eddy said, as cited by TheStreet.