BJ's adds 13 clubs, grows membership 6.7% to 8M despite fee hike; debt down $55M

Filed March 12, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 14, 2025 · ~2 min read

Key Changes

• high

  Membership base grew 6.7% to over 8 million members despite January 2025 fee increase from $55/$110 to $60/$120, driving membership fee income up 9.5% to $499.8 million.

  Business & MD&A: Membership verify on EDGAR →
• high

  Expanded footprint by 13 clubs (5.2% growth) to 263 locations and 13 gas stations to 199, concentrated in Southeast markets (Florida, North Carolina, South Carolina, Tennessee).

  Business: Club Count verify on EDGAR →
• high

  Operating cash flow jumped 14.3% to $1.03 billion despite capital spending rising $114 million to $702 million, yielding adjusted free cash flow of $331 million.

  MD&A: Cash Flow verify on EDGAR →