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BJ's Wholesale Club Holdings, Inc. BJ Membership — Deferred Revenue

Discontinued — last reported Q2 '23

Other product segments

Co-brand initiatives
$2.22M-4.1%

Similar metrics at other companies

Equity Lifestyle Properties logo
ELSMembership Subscription — Deferred membership revenue
-$2.71M-712%
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ELSAnnual membership subscriptions — Deferred Revenue
$336K
Equity Lifestyle Properties logo
ELSDeferred revenue – annual membership subscriptions — Deferred Revenue
$11.81M+11.5%
Equity Lifestyle Properties logo
ELSMembership Subscriptions — Deferred revenue, beginning
$218.16M
Equity Lifestyle Properties logo
ELSMembership upgrade sales upfront payments, deferred, net — Deferred membership revenue
$197.74M+12.1%
Equity Lifestyle Properties logo
ELSMembership Subscription — Deferred membership upgrade revenue
$985K-65.9%

Other financials

Income statement

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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

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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

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Operating cash flow$140.0M-32.7%
CapEx$182.0M+29.5%
Free cash flow-$42.0M-162%

Valuation

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Market cap$10.88B-17.8%
Enterprise value$13.72B-14.1%
P/E19.1×-4.0×
P/S0.5×-0.1×

Profitability

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Gross margin18.5%-0.1pp
Operating margin3.7%-0.2pp
Net margin2.6%-0.2pp
FCF margin1.1%-0.3pp

Returns & leverage

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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:ContractWithCustomerLiability.

The official record: BJ's Wholesale Club Holdings, Inc.’s 10-Q, filed August 25, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is BJ's Wholesale Club Holdings, Inc.'s membership — deferred revenue?
BJ's Wholesale Club Holdings, Inc. (BJ) reported membership — deferred revenue of $195.3M in Q2 2023.
How has BJ's Wholesale Club Holdings, Inc.'s membership — deferred revenue changed year-over-year?
BJ's Wholesale Club Holdings, Inc.'s membership — deferred revenue increased by 5.3% year-over-year, from $185.4M to $195.3M.
What does membership — deferred revenue mean?
Membership fees collected upfront that will be recognized as revenue later.
How do you interpret membership — deferred revenue?
An increase suggests strong future renewal or new member acquisition, indicating a healthy pipeline of prepaid revenue.
How does membership — deferred revenue compare across companies?
Common in all subscription-based businesses as unearned revenue.