BJ's Wholesale Club Holdings, Inc. Segments Disclosure
| Fiscal Year Ended | |||||||||||||||||
| January 31, 2026 | February 1, 2025 | February 3, 2024 | |||||||||||||||
| Total revenues | $ | 21,457,274 | $ | 20,501,804 | $ | 19,968,689 | |||||||||||
| Less: significant and other segment expenses | |||||||||||||||||
Merchandise cost of sales (a) | 14,185,462 | 13,377,543 | 13,024,569 | ||||||||||||||
Selling, general and administrative expenses (b) | 3,183,018 | 2,992,220 | 2,842,141 | ||||||||||||||
Other segment expenses (c) | 3,510,417 | 3,597,624 | 3,578,238 | ||||||||||||||
| Net income | $ | 578,377 | $ | 534,417 | $ | 523,741 | |||||||||||
(a) | Merchandise cost of sales represents those expenses related to the sales of merchandise including inventory costs and distribution costs, and excludes costs related to gasoline and membership fee income. | ||||
(b) | Selling, general and administrative expenses is inclusive of pre-opening expenses, stock-based compensation, and other corporate expenses. | ||||
(c) | Other segment expenses primarily consists of other costs of revenues, including gas, as well as interest expense and income tax expense. | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 12, 2026 | Showing above |
| 2025 | Mar 14, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.