BJ's Wholesale Club Holdings, Inc. (BJ) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone. Thank you for joining us and welcome to BJ's Wholesale Club Q1 2026 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you'd like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Diana Rushko, Vice President of Investor Relations. Diana, please go ahead. Good morning and welcome to BJ's first quarter fiscal 2026 earnings call. Joining me today are Bob Eddy, Chairman and Chief Executive Officer, Laura Felice, Chief Financial Officer, and Bill Werner, Executive Vice President, Strategy and Development. Please remember that we may make forward-looking statements on this call that are based on our current expectations. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from what we say on this call. Please see the risk factors section of our most recent SEC filings for a description of these risks and uncertainties. Please also refer to today's press release and the latest investor presentation posted on our investor relations website for our cautionary statement regarding forward-looking statements and non-GAAP reconciliations. And now, I'll turn the call over to Bob. Good morning, everyone. Thank you for joining us. Our first quarter results represent a solid start to the year enabled by doing what we do best, serving our members with value. Membership remains a key strength driven by strong acquisition and retention and continued momentum in our higher tier memberships. Our gas business continued to be a powerful proof point of our value proposition as families increasingly relied on BJ's for savings at the pump. And our expansion eff...