What does gift card programs — revenue recognized mean?

The amount of revenue earned when customers use their gift cards to make purchases.

How do you interpret gift card programs — revenue recognized?

An increase indicates higher customer engagement and active usage of gift cards for shopping within the club.

How does gift card programs — revenue recognized compare across companies?

Comparable to 'Gift Card Redemption Revenue' reported by major retailers and department stores.

BJ's Wholesale Club Holdings, Inc. BJ Gift Card Programs — Revenue recognized

Discontinued — last reported Q1 '23

Other product segments

Membership

$107.74M+1.3%

Royalty revenue

$10.57M+6.0%

E-commerce sales

$9.06M+15.6%

Gift card program

$2.79M+3.0%

Co-brand initiatives

$1.11M+15.7%

Similar metrics at other companies

BROSGift card redemptions — Deferred revenue recognized

$5.56M+9.2%

TXRHCredit Card — Contract With Customer Liability Revenue Recognized

$153.1M+10.0%

CAVAGift Cards — Gift card revenue recognized

$500K+100%

TXRHGift Cards — Contract With Customer Liability Revenue Recognized

$36M+37.9%

BROSGift Card Breakage — Revenue recognized - card and rewards redemptions and breakage

$93.25K+121%

DRIGift Card — Contract with Customer, Liability, Revenue Recognized

$101M-19.3%

Other financials

Income statement

See full

Revenue$5.7B+9.9%

Gross profit$1.0B+6.0%

Operating income$207.9M+2.1%

Net income$142.7M-4.7%

EPS (diluted)$1.10-2.7%

Balance sheet

See full

Cash & equivalents$27.8M-29.5%

Total debt$2.9B+6.2%

Total equity$2.1B+7.8%

Total assets$7.9B+10.8%

Cash flow

See full

Operating cash flow$140.0M-32.7%

CapEx$182.0M+29.5%

Free cash flow-$42.0M-162%

Valuation

See full

Market cap$10.88B-17.8%

Enterprise value$13.72B-14.1%

P/E19.1×-4.0×

P/S0.5×-0.1×

Profitability

See full

Gross margin18.5%-0.1pp

Operating margin3.7%-0.2pp

Net margin2.6%-0.2pp

FCF margin1.1%-0.3pp

Returns & leverage

See full

Return on equity27.9%-4.9pp

Debt / equity1.3×0.0×

Current ratio0.7×0.0×

Where this comes from

Reported directly by BJ's Wholesale Club Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityRevenueRecognized.

The official record: BJ's Wholesale Club Holdings, Inc.’s 10-Q, filed May 26, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is BJ's Wholesale Club Holdings, Inc.'s gift card programs — revenue recognized?: BJ's Wholesale Club Holdings, Inc. (BJ) reported gift card programs — revenue recognized of $11.6M in Q1 2023.
What does gift card programs — revenue recognized mean?: The amount of revenue earned when customers use their gift cards to make purchases.
How do you interpret gift card programs — revenue recognized?: An increase indicates higher customer engagement and active usage of gift cards for shopping within the club.
How does gift card programs — revenue recognized compare across companies?: Comparable to 'Gift Card Redemption Revenue' reported by major retailers and department stores.