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Exhibit 99.1 BJ's Wholesale Club Holdings , Inc. Announces First Quarter and Fiscal 2021 Results • Comparable club sales , excluding gasoline sales , decreased by 5.0 % year - over - year , reflecting a two - year stacked comp club sales of 22.0 % for the first quarter of fiscal 2021 . • Digitally - enabled sales growth was 31 % , reflecting a two - year stacked comp growth of 381 % for the first quarter of fiscal 2021 . • Income from continuing operations decreased 14.8 % year - over - year to $ 81.6 million for the first quarter of fiscal 2021 . • Adjusted EBITDA increased 4.4 % year - over - year to $ 202.4 million for the first quarter of fiscal 2021 . • Earnings per diluted share of $ 0.59 reflect 14.5 % year - over - year decline . • Adjusted earnings per diluted share of $ 0.72 reflects 4.3 % year - over - year growth . • Net cash provided by operating activities was $ 249.0 million and free cash flow was $ 190.9 million for the first quarter of fiscal 2021 . Westborough , Mass . ( May 20 , 2021 ) - BJ's Wholesale Club Holdings , Inc. ( NYSE : BJ ) ( the " Company " ) today announced its financial results for the thirteen weeks ended May 1 , 2021 . " Our team members continue to execute at the highest levels and I'm proud of their hard work and dedication amid a difficult environment . We are pleased to start the year with strong first quarter results , powered by solid execution , market share retention and a continuation of elevated consumer spending , " said Bob Eddy , President and Chief Executive Officer , BJ's Wholesale Club . " As we look ahead , we are confident our business will continue to thrive over the long - term given structural shifts in consumer behavior , the progress we made over the last year and our continued investments in our strategic priorities . " Key Measures for the Thirteen Weeks Ended May 1 , 2021 ( First Quarter of Fiscal 2021 ) : BJ'S WHOLESALE CLUB HOLDINGS , INC . ( Amounts in thousands , except per share amounts ) Net sales Membership fee income Total revenues Operating income Income from continuing operations Adjusted EBITDA ( a ) Net income EPS ( b ) Adjusted net income ( a ) Adjusted EPS ( a ) Basic weighted average shares outstanding Diluted weighted average shares outstanding ( a ) See " Note Regarding Non - GAAP Financial Information . " ( b ) EPS represents earnings per diluted share . 13 Weeks Ended May 1 , 2021 13 Weeks Ended May 2 , 2020 % Growth $ 3,781,834 $ 3,718,040 1.7 % 86,388 3,868,222 79,565 3,797,605 8.6 % 1.9 % 126,254 143,750 ( 12.2 ) % 81,586 95,742 ( 14.8 ) % 202,410 193,915 4.4 % 81,579 95,734 0.59 99,694 0.72 135,709 138,662 0.69 95,734 0.69 136,090 138,428 ( 14.8 ) % ( 14.5 ) % 4.1 % 4.3 % ( 0.3 ) % 0.2 %