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

Discontinued — last reported Q2 '23

Other product segments

Co-brand initiatives
$2.22M-4.1%

Similar metrics at other companies

Deckers Outdoor Corporation logo
DECKLoyalty Programs — Contract with Customer, Liability
$21M+13.1%
Hyatt Hotels logo
HDeferred Revenue Related To Loyalty Program — Total
$1.71B+20.1%
Dutch Bros logo
BROSOther deferred revenue, net — Contract with Customer, Liability
$2.48M
Hyatt Hotels logo
HDeferred revenue related to the paid membership program — Total contract liabilities
$0-100%
Dutch Bros logo
BROSCard, reward redemptions and breakage — Deferred revenue, net of current portion
$4.25M+20.0%
Dutch Bros logo
BROSExpired loyalty rewards — Deferred revenue recognized
$2.3M

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 rewards program — deferred revenue?
BJ's Wholesale Club Holdings, Inc. (BJ) reported rewards program — deferred revenue of $43.1M in Q2 2023.
How has BJ's Wholesale Club Holdings, Inc.'s rewards program — deferred revenue changed year-over-year?
BJ's Wholesale Club Holdings, Inc.'s rewards program — deferred revenue increased by 7.8% year-over-year, from $40M to $43.1M.
What does rewards program — deferred revenue mean?
The amount of money collected from customers for loyalty rewards that have not yet been earned or redeemed.
How do you interpret rewards program — deferred revenue?
An increase suggests higher customer participation and future revenue potential, while a decrease may indicate faster redemption rates or lower program enrollment.
How does rewards program — deferred revenue compare across companies?
Similar to deferred revenue or contract liabilities found in other retail and subscription-based companies with loyalty programs.