Equity Profile

BJ

BJ's Wholesale Club Holdings, Inc.

Consumer StaplesConsumer Staples Merchandise Retail$11.9B

Aug20Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

BJ's Wholesale Club Holdings, Inc. operates a membership-based warehouse club offering a wide range of products, including groceries and household items....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps assess the company's financial health.

$1.16

Revenue

Total revenue reflects the overall sales performance and growth potential of the business.

$5.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BJ Q2-2026 Earnings Preview

Context

Company Snapshot

BJ's Wholesale Club Holdings, Inc. operates a membership-based warehouse club offering a wide range of products, including groceries and household items. As a player in the consumer staples sector, BJ's is positioned to benefit from steady consumer demand, especially during economic fluctuations.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+10.16%

Avg Stock Reaction

-0.60%

Last Quarter Recap

In Q1-2026, BJ's reported an EPS of $1.10, exceeding estimates by 5.36%. However, the stock fell 8.25% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BJ's to report solid earnings this quarter, with a consensus EPS of $1.16. However, the stock's recent performance suggests that any miss could lead to significant declines.

Bull Case

If BJ's exceeds EPS expectations and shows strong revenue growth, it could signal robust consumer demand and operational efficiency, potentially boosting investor confidence.

Bear Case

Conversely, if BJ's fails to meet earnings expectations or shows signs of slowing sales growth, it may raise concerns about its competitive position and market conditions.

Key Metrics to Watch

EPS

$1.16

Earnings per share is a key indicator of profitability and helps assess the company's financial health.

Revenue

$5.9B

Total revenue reflects the overall sales performance and growth potential of the business.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BJ's report an EPS above the consensus estimate of $1.16?

A beat on EPS could indicate strong operational performance and consumer demand, which is crucial for investor sentiment.

What will BJ's report for revenue, expected at $5.9B?

Revenue performance is critical to understanding the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BJ's potential for revenue growth despite economic headwinds, as the company's membership model provides a stable revenue base.

Supporting Evidence

BJ's has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting expectations may be overly cautious.

Key Risk

If BJ's reports revenue significantly above $6.0B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on BJ's ability to meet or exceed expectations in a challenging retail environment.

Bull Confirmed If

An EPS of $1.20 or higher, coupled with revenue exceeding $6.0B, would confirm the bull case.

Bear Confirmed If

An EPS below $1.08 or revenue falling short of $5.5B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.08%

Historical Avg

±6.0%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±12.1% while BJ has averaged ±6.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

35.9%

Calls (72K)P/C Ratio: 0.52Puts (22K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.5%, with a raw directional average of +1.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BJ's beats expectations, history suggests the stock could rise by an average of 0.54%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If BJ's misses expectations, history suggests a potential decline of around 8.52%, raising concerns about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on membership growth and retention rates.
2Details on cost management strategies and pricing power.
3Insights into consumer spending trends and product categories driving sales.
4Updates on supply chain challenges and inventory management.
5Management's outlook on the competitive landscape and future growth initiatives.

See the full picture

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Company Snapshot

BJ's Wholesale Club Holdings, Inc. operates a membership-based warehouse club offering a wide range of products, including groceries and household items....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps assess the company's financial health.

$1.16

Revenue

Total revenue reflects the overall sales performance and growth potential of the business.

$5.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BJ Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+10.16%

Avg Stock Reaction

-0.60%

Last Quarter Recap

In Q1-2026, BJ's reported an EPS of $1.10, exceeding estimates by 5.36%. However, the stock fell 8.25% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BJ's to report solid earnings this quarter, with a consensus EPS of $1.16. However, the stock's recent performance suggests that any miss could lead to significant declines.

Bull Case

If BJ's exceeds EPS expectations and shows strong revenue growth, it could signal robust consumer demand and operational efficiency, potentially boosting investor confidence.

Bear Case

Conversely, if BJ's fails to meet earnings expectations or shows signs of slowing sales growth, it may raise concerns about its competitive position and market conditions.

Key Metrics to Watch

EPS

$1.16

Earnings per share is a key indicator of profitability and helps assess the company's financial health.

Revenue

$5.9B

Total revenue reflects the overall sales performance and growth potential of the business.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BJ's report an EPS above the consensus estimate of $1.16?

A beat on EPS could indicate strong operational performance and consumer demand, which is crucial for investor sentiment.

What will BJ's report for revenue, expected at $5.9B?

Revenue performance is critical to understanding the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BJ's potential for revenue growth despite economic headwinds, as the company's membership model provides a stable revenue base.

Supporting Evidence

BJ's has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting expectations may be overly cautious.

Key Risk

If BJ's reports revenue significantly above $6.0B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on BJ's ability to meet or exceed expectations in a challenging retail environment.

Bull Confirmed If

An EPS of $1.20 or higher, coupled with revenue exceeding $6.0B, would confirm the bull case.

Bear Confirmed If

An EPS below $1.08 or revenue falling short of $5.5B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.08%

Historical Avg

±6.0%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±12.1% while BJ has averaged ±6.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

35.9%

Calls (72K)P/C Ratio: 0.52Puts (22K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BJ's beats expectations, history suggests the stock could rise by an average of 0.54%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If BJ's misses expectations, history suggests a potential decline of around 8.52%, raising concerns about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on membership growth and retention rates.
2Details on cost management strategies and pricing power.
3Insights into consumer spending trends and product categories driving sales.
4Updates on supply chain challenges and inventory management.
5Management's outlook on the competitive landscape and future growth initiatives.