BJ's Wholesale Club Holdings, Inc. BJ Deferred Revenue
Discontinued — last reported Q3 '22
Deferred Revenue at other companies
Segments
By product
Other financials
Where this comes from
Reported directly by BJ's Wholesale Club Holdings, Inc. in its filing.
Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.
The source filing: BJ's Wholesale Club Holdings, Inc.’s 10-Q, filed November 23, 2022.
- Filed
- Nov 23, 2022, 7:04 AM EST
- Fiscal quarter
- Q3 FY2022
- Calendar quarter
- Q4 2022
- Accession
- 0001531152-22-000112
Royalty revenue received in connection with the My BJ’s Perks co-brand credit card program is variable consideration and is considered deferred until the card holder makes a purchase. The Company’s total deferred royalty revenue related to the outstanding My BJ’s Perks Rewards was $23.3 million, $17.8 million and $19.1 million at October 29, 2022, January 29, 2022 and October 30, 2021, respectively. The timing of revenue recognition is driven by actual customer activities, such as redemptions and expirations. As of October 29, 2022, the Company expects to recognize $21.7 million by the end of fiscal year 2022 and expects the remainder to be recognized in the periods thereafter.
Item 1. Financial Statements (Unaudited)
FAQ
- What is BJ's Wholesale Club Holdings, Inc.'s deferred revenue?
- BJ's Wholesale Club Holdings, Inc. (BJ) reported deferred revenue of $23.3M in Q3 2022.
- How has BJ's Wholesale Club Holdings, Inc.'s deferred revenue changed year-over-year?
- BJ's Wholesale Club Holdings, Inc.'s deferred revenue increased by 22.0% year-over-year, from $19.1M to $23.3M.
- What does deferred revenue mean?
- Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.
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