BJ's Wholesale Club (BJ) 10-Q26 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Apr. 29, 2023	May 19, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
Document Transition Report	false
Entity File Number	001-38559
Entity Registrant Name	BJ’S WHOLESALE CLUB HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2936287
Entity Address, Address Line One	350 Campus Drive
Entity Address, City or Town	Marlborough
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01752
City Area Code	774
Local Phone Number	512-7400
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	BJ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		134,369,427
Entity Central Index Key	0001531152
Amendment Flag	false
Current Fiscal Year End Date	--02-03
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 23,387	$ 33,915	$ 37,952
Accounts receivable, net	217,866	239,746	210,405
Merchandise inventories	1,532,006	1,378,551	1,462,098
Prepaid expenses and other current assets	69,048	51,033	58,814
Total current assets	1,842,307	1,703,245	1,769,269
Operating lease right-of-use assets, net	2,124,621	2,142,925	2,177,777
Property and equipment, net	1,364,815	1,337,029	989,658
Goodwill	1,008,816	1,008,816	924,134
Intangibles, net	113,536	115,505	122,332
Deferred income taxes	6,728	11,498	4,595
Other assets	33,672	30,938	22,240
Total assets	6,494,495	6,349,956	6,010,005
Current liabilities:
Short-term debt	400,000	405,000	80,000
Current portion of operating lease liabilities	178,939	177,233	169,423
Accounts payable	1,281,676	1,195,697	1,267,102
Accrued expenses and other current liabilities	758,724	767,411	692,530
Total current liabilities	2,619,339	2,545,341	2,209,055
Long-term operating lease liabilities	2,037,844	2,058,797	2,107,532
Long-term debt	448,004	447,880	748,987
Deferred income taxes	66,699	57,024	58,511
Other non-current liabilities	190,883	194,077	164,578
Commitments and contingencies (see Note 5)
STOCKHOLDERS’ EQUITY
Preferred stock; par value $0.01; 5,000 shares authorized, and no shares issued	0	0	0
Common stock, par value $0.01; 300,000 shares authorized, 147,380 shares issued and 134,376 outstanding at April 29, 2023; 146,347 shares issued and 133,903 outstanding at January 28, 2023; and 145,941 shares issued and 135,195 outstanding at April 30, 2022	1,473	1,463	1,459
Additional paid-in capital	970,227	958,555	914,120
Retained earnings	760,567	644,490	243,763
Accumulated other comprehensive income	1,049	1,550	2,010
Treasury stock, at cost, 13,004 shares at April 29, 2023; 12,444 shares at January 28, 2023; and 10,746 shares at April 30, 2022	(601,590)	(559,221)	(440,010)
Total stockholders’ equity	1,131,726	1,046,837	721,342
Total liabilities and stockholders’ equity	$ 6,494,495	$ 6,349,956	$ 6,010,005

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000	300,000,000
Common stock, issued (in shares)	147,380,000	146,347,000	145,941,000
Common stock, outstanding (in shares)	134,376,000	133,903,000	135,195,000
Treasury stock (in shares)	13,004,000	12,444,000	10,746,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Total revenues	$ 4,723,142	$ 4,496,435
Cost of sales	3,843,150	3,705,838
Selling, general and administrative expenses	689,328	635,380
Pre-opening expenses	3,894	4,900
Operating income	186,770	150,317
Interest expense, net	14,690	7,841
Income from continuing operations before income taxes	172,080	142,476
Provision for income taxes	56,092	30,019
Income from continuing operations	115,988	112,457
Income (loss) from discontinued operations, net of income taxes	89	(7)
Net income	$ 116,077	$ 112,450
Income per share attributable to common stockholders—basic:
Income from continuing operations (in USD per share)	$ 0.87	$ 0.84
Income from discontinued operations (in USD per share)	0	0
Net income (in USD per share)	0.87	0.84
Income per share attributable to common stockholders—diluted:
Income from continuing operations (in USD per share)	0.85	0.82
Income from discontinued operations (in USD per share)	0	0
Net income (in USD per share)	$ 0.85	$ 0.82
Weighted-average number of shares outstanding:
Basic (in shares)	133,312	134,244
Diluted (in shares)	135,902	136,702
Other comprehensive income (loss):
Amounts reclassified from accumulated other comprehensive income, net of tax	$ (501)	$ 117
Unrealized gain on cash flow hedge, net of income tax provision of $229, at April 30, 2022	0	588
Total other comprehensive income (loss)	(501)	705
Total comprehensive income	115,576	113,155
Net sales
Total revenues	4,620,620	4,399,810
Membership
Total revenues	$ 102,522	$ 96,625

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Income (Parentheticals) $ in Thousands	3 Months Ended
	Apr. 30, 2022 USD ($)
Income Statement [Abstract]
Unrealized gain on cash flow hedge, tax provision	$ 229

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock
Balance at beginning of period (in shares) at Jan. 29, 2022		145,451
Balance at beginning of period at Jan. 29, 2022	$ 648,108	$ 1,454	$ 902,704	$ 131,313	$ 1,305	$ (388,668)
Treasury stock at beginning of period (in shares) at Jan. 29, 2022						(9,945)
Net income	112,450			112,450
Amounts reclassified from accumulated other comprehensive income, net of tax	117				117
Unrealized gain on cash flow hedge, net of tax	588				588
Common stock issued under stock incentive plans (in shares)		490
Common stock issued under stock incentive plans	0	$ 5	(5)
Stock-based compensation expense	9,115		9,115
Net cash received from stock option exercises	2,306		2,306
Acquisition of treasury stock (in shares)						(801)
Acquisition of treasury stock	$ (51,342)					$ (51,342)
Balance at end of period (in shares) at Apr. 30, 2022	135,195	145,941
Balance at end of period at Apr. 30, 2022	$ 721,342	$ 1,459	914,120	243,763	2,010	$ (440,010)
Treasury stock at end of period (in shares) at Apr. 30, 2022	(10,746)					(10,746)
Balance at beginning of period (in shares) at Jan. 28, 2023	133,903	146,347
Balance at beginning of period at Jan. 28, 2023	$ 1,046,837	$ 1,463	958,555	644,490	1,550	$ (559,221)
Treasury stock at beginning of period (in shares) at Jan. 28, 2023	(12,444)					(12,444)
Net income	$ 116,077			116,077
Amounts reclassified from accumulated other comprehensive income, net of tax	(501)				(501)
Unrealized gain on cash flow hedge, net of tax	0
Common stock issued under stock incentive plans (in shares)		1,033
Common stock issued under stock incentive plans	0	$ 10	(10)
Stock-based compensation expense	10,007		10,007
Net cash received from stock option exercises	1,675		1,675
Acquisition of treasury stock (in shares)						(560)
Acquisition of treasury stock	$ (42,369)					$ (42,369)
Balance at end of period (in shares) at Apr. 29, 2023	134,376	147,380
Balance at end of period at Apr. 29, 2023	$ 1,131,726	$ 1,473	$ 970,227	$ 760,567	$ 1,049	$ (601,590)
Treasury stock at end of period (in shares) at Apr. 29, 2023	(13,004)					(13,004)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 116,077	$ 112,450
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	54,190	47,109
Amortization of debt issuance costs and accretion of original issue discount	324	832
Stock-based compensation expense	10,007	9,115
Deferred income tax provision	14,445	6,299
Changes in operating leases and other non-cash items	(750)	29,892
Increase (decrease) in cash due to changes in:
Accounts receivable	21,871	(36,454)
Merchandise inventories	(153,455)	(219,163)
Prepaid expenses and other current assets	(18,016)	(3,566)
Other assets	(2,933)	587
Accounts payable	85,979	154,319
Accrued expenses and other current liabilities	(4,977)	(58,780)
Other non-current liabilities	(3,630)	1,668
Net cash provided by operating activities	119,132	44,308
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment, net of disposals	(92,084)	(90,533)
Net cash used in investing activities	(92,084)	(90,533)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving lines of credit	149,000	115,000
Payments on revolving lines of credit	(154,000)	(35,000)
Net cash received from stock option exercises	1,675	2,306
Acquisition of treasury stock	(42,369)	(51,342)
Proceeds from financing obligations	9,104	8,072
Other financing activities	(986)	(295)
Net cash (used in) provided by financing activities	(37,576)	38,741
Net decrease in cash and cash equivalents	(10,528)	(7,484)
Cash and cash equivalents at beginning of period	33,915	45,436
Cash and cash equivalents at end of period	23,387	37,952
Supplemental cash flow information:
Interest paid	14,540	6,993
Income taxes paid	11,875	10,925
Operating lease liabilities arising from obtaining right-of-use assets	26,189	123,339
Non-cash financing and investing activities:
Property additions included in accrued expenses	$ 24,754	$ 23,974

Description of Business

Description of Business	3 Months Ended
Description of Business	Apr. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business BJ’s Wholesale Club Holdings, Inc. and its wholly-owned subsidiaries is a leading warehouse club operator concentrated primarily in the eastern half of the United States. As of April 29, 2023, the Company operated 237 warehouse clubs and 167 gas stations in 18 states. The Company follows and reports based on the National Retail Federation’s fiscal calendar. The thirteen week periods ended April 29, 2023 and April 30, 2022 are referred to herein as the "first quarter of fiscal year 2023" and the "first quarter of fiscal year 2022," respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Apr. 29, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying interim financial statements of BJ’s Wholesale Club Holdings, Inc. are unaudited and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair statement of the Company’s financial statements in accordance with GAAP. The condensed consolidated balance sheet as of January 28, 2023 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the first quarter of fiscal year 2023 are not necessarily indicative of future results or results to be expected for fiscal year 2023. The Company’s business, in common with the business of retailers generally, is subject to seasonal influences. The Company’s sales and operating income have typically been highest in the fourth quarter holiday season and lowest in the first quarter of each fiscal year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the fiscal year 2022, as filed with the Securities and Exchange Commission on March 16, 2023. Recent Accounting Pronouncements The Company’s accounting policies are set forth in the audited financial statements included in the Company’s Annual Report on Form 10-K for fiscal year 2022. There have been no material changes to these accounting policies and no accounting pronouncements adopted that had a material impact on the Company’s financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Apr. 29, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Performance Obligations The Company identifies each distinct performance obligation to transfer goods (or bundle of goods) or services. The Company recognizes revenue as it satisfies a performance obligation by transferring control of the goods or services to the customer. Net sales—The Company recognizes net sales at clubs and gas stations when the customer takes possession of the goods and tenders payment. Sales tax is recorded as a liability at the point of sale. Revenue is recorded at the point of sale based on the transaction price on the shelf sign, net of any applicable discounts, sales tax and expected refunds. For e-commerce sales, the Company recognizes sales when control of the merchandise is transferred to the customer, which is typically at the time of shipment. The following table summarizes the Company’s point of sale transactions at clubs and gas stations, excluding sales tax, as a percentage of both net sales and total revenues: Thirteen Weeks Ended April 29, 2023 April 30, 2022 Point of sale transactions, excluding sales tax, as a percent of net sales 91% 92% Point of sale transactions, excluding sales tax, as a percent of total revenues 89% 90% BJ’s Perks Rewards and My BJ’s Perks programs—The Company’s BJ’s Perks Rewards membership program which was in place in fiscal year 2022, allowed participating members to earn 2% cash back, up to a maximum of $500 per year, on qualified purchases made at BJ’s. The Company also offered a co-branded credit card program, the My BJ’s Perks program, which allowed My BJ’s Perks Mastercard credit card holders to earn up to 5% cash back on eligible purchases made at BJ’s and up to 2% cash back on purchases made with the card outside of BJ’s. Cash back was in the form of electronic awards issued in $10 increments that could be used online or in-club at the register and expired six months from the date issued. In the first quarter of fiscal year 2023, the Company rebranded the rewards program. The former BJ's Perks Rewards membership program is now the Club+ program, whereby participating members earn 2% cash back, up to a maximum of $500 per year, on qualified purchases made at BJs and a 5 cent-per-gallon discount at BJ's gas locations. The Company's co-branded credit card program is now the BJ's One and BJ's One+ program, which allows cardholders with the opportunity to earn up to 5% cash back on purchases made in BJ's clubs or online at bjs.com and up to a 15 cent-per-gallon discount on gasoline when paying with a BJ's One or BJ's One+ Mastercard at our BJ’s gas locations. Cash back is in the form of electronic awards issued to each member monthly on their credit card statement date. Earned rewards under these two programs do not expire. Earned awards may be redeemed on future purchases made at the Company. The Company recognizes revenue for earned awards when customers redeem such awards as part of a purchase at one of the Company’s clubs or the Company’s website. The Company accounts for these transactions as multiple element arrangements and allocates the transaction price to separate performance obligations using their relative fair values. The Company includes the fair value of award dollars earned in deferred revenue at the time the award dollars are earned. This liability was $36.6 million at April 29, 2023, $34.7 million at January 28, 2023 and $32.5 million at April 30, 2022 and is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets. In the first quarter of fiscal year 2023, the Company recognized $34.7 million of revenue that was included in the deferred liability as of January 28, 2023. In the first quarter of fiscal year 2022, the Company recognized $30.3 million that was included in the deferred liability as of January 29, 2022. Royalty revenue received in connection with the My BJ’s Perks and the BJ's One and BJ's One+ 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 and BJ's One and BJ's One+ credit card program was $4.1 million, $17.9 million, and $29.2 million at April 29, 2023, January 28, 2023, and April 30, 2022, respectively, and is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets. The timing of revenue recognition of these awards is driven by actual customer activities, such as redemptions and expirations. As of April 29, 2023, the Company expects to recognize $4.1 million of the deferred revenue in fiscal year 2023. In connection with the new co-brand credit card program, the Company has deferred approximately $14.7 million for funds received related to marketing and other integration costs as of April 29, 2023. The Company expects to recognize approximately $6.3 million in fiscal year 2023, which is included in accrued expenses and other current liabilities. The Company expects to recognize approximately $8.4 million thereafter, of which $1.1 million is included in accrued expenses and other current liabilities and $7.3 million is included in other non-current liabilities in the condensed consolidated balance sheets. Membership—The Company charges a membership fee to its customers, which allows customers to shop in the Company’s clubs, shop on the Company’s website, and purchase gasoline at the Company’s gas stations for the duration of the membership, which is generally 12 months. As the Company has the obligation to provide access to its clubs, website, and gas stations for the duration of the membership term, the Company recognizes membership fees on a straight-line basis over the life of the membership. The Company’s deferred revenue related to membership fees was $192.7 million, $183.7 million and $185.2 million at April 29, 2023, January 28, 2023, and April 30, 2022, respectively, and is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets. Gift Card Programs—The Company sells BJ’s gift cards that allow customers to redeem the card for future purchases equal to the amount of the original purchase price of the gift card. Revenue from gift card sales is recognized upon redemption of the gift card because the Company’s performance obligation to redeem the gift card for merchandise is satisfied when the gift card is redeemed. Deferred revenue related to gift cards was $13.1 million, $14.1 million and $11.2 million at April 29, 2023, January 28, 2023, and April 30, 2022, respectively. The Company recognized $11.6 million and $10.5 million of revenue from gift card redemptions in the first quarters of fiscal year 2023 and fiscal year 2022, respectively. Disaggregation of Revenue The Company’s club retail operations, which include retail club and other sales procured from our clubs and distribution centers, represent substantially all of its consolidated total revenues, and are the Company’s only reportable segment. All the Company’s identifiable assets are in the United States. The Company does not have significant sales outside the United States, nor does any customer represent more than 10% of total revenues for any period presented. The following table summarizes the Company’s percentage of net sales disaggregated by category: Thirteen Weeks Ended April 29, 2023 April 30, 2022 Grocery 71 % 67 % General Merchandise and Services 10 % 11 % Gasoline and Other 19 % 22 %

Debt and Credit Arrangements

Debt and Credit Arrangements	3 Months Ended
Debt and Credit Arrangements	Apr. 29, 2023
Debt Disclosure [Abstract]
Debt and Credit Arrangements	Debt and Credit Arrangements The following table summarizes the Company’s debt (in thousands): April 29, 2023 January 28, 2023 April 30, 2022 ABL Revolving Facility $ 400,000 $ 405,000 $ — ABL Facility — — 130,000 First Lien Term Loan 450,000 450,000 701,920 Unamortized original issue discount and debt issuance costs (1,996) (2,120) (2,933) Less: Short-term debt (400,000) (405,000) (80,000) Long-term debt $ 448,004 $ 447,880 $ 748,987 ABL Revolving Facility On July 28, 2022, the Company entered into the ABL Revolving Facility with an ABL Revolving Commitment of $1.2 billion pursuant to that certain credit agreement (the "Credit Agreement") with Bank of America, N.A., as administrative agent and collateral agent, and the other lenders party thereto. The maturity date of the ABL Revolving Facility is July 28, 2027. In connection with this transaction, the Company extinguished the ABL Facility. Revolving loans under the ABL Revolving Facility are available in an aggregate amount equal to the lesser of the aggregate ABL Revolving Commitment or a borrowing base based on the value of certain inventory, accounts and credit card receivables, subject to specified advance rebates and reserves as set forth in the Credit Agreement. Indebtedness under the ABL Revolving Facility is secured by substantially all of the assets (other than real estate) of the Company and its subsidiaries, subject to customary exceptions. As amended, interest on the ABL Revolving Facility is calculated either at the Secured Overnight Financing Rate ("SOFR") plus a range of 100 to 125 basis points or a base rate plus 0 to 25 basis points, based on excess availability. The Company will also pay an unused commitment fee of 20 basis points per annum on the unused ABL Revolving Commitment. Each borrowing is for a period of one three The ABL Revolving Facility places certain restrictions (i.e., covenants) upon the Borrower’s, and its subsidiaries’, ability to, among other things, incur additional indebtedness, pay dividends and make certain loans, investments, and divestitures. The ABL Revolving Facility contains customary events of default (including payment defaults, cross-defaults to certain of our other indebtedness, breach of representations and covenants and change of control). The occurrence of an event of default under the ABL Revolving Facility would permit the lenders to accelerate the indebtedness and terminate the ABL Revolving Facility. At January 28, 2023, there was $405.0 million outstanding in loans under the ABL Revolving Facility and $11.5 million in outstanding letters of credit. The interest rate on the revolving credit facility was 5.63% and unused capacity was $535.2 million. As of April 29, 2023, there was $400.0 million outstanding in loans under the ABL Revolving Facility and $11.8 million in outstanding letters of credit. The interest rate on the ABL Revolving Facility was 6.08% and unused capacity was $645.0 million. ABL Facility - Former Credit Agreement The ABL Revolving Facility replaced the ABL Facility, which was comprised of a $950.0 million revolving credit facility and a $50.0 million term loan. The ABL Facility was secured on a senior basis by certain "liquid assets" of the Company and secured on a junior basis by certain "fixed assets" of the Company. The $50.0 million term loan payment terms were restricted in that the term loan could not be repaid unless all loans outstanding under the ABL Facility are repaid, and once repaid, cannot be re-borrowed. The availability under the $950.0 million revolving credit facility was restricted based on eligible monthly merchandise inventories and receivables as defined in the facility agreement. Interest on the revolving credit facility was calculated either at the London Interbank Offered Rate ("LIBOR") plus a range of 125 to 175 basis points or a base rate plus a range of 25 to 75 basis points; and interest on the term loan was calculated at LIBOR plus a range of 200 to 250 basis points or a base rate plus a range of 100 to 150 basis points, in all cases based on excess availability. The applicable spread of LIBOR and base rate loans at all levels of excess availability stepped down by 12.5 basis points upon achieving total net leverage of 3.00 to 1.00. The ABL Facility also provided a sub-facility for issuance of letters of credit subject to certain fees defined in the ABL Facility agreement. The ABL Facility was subject to various commitment fees during the term of the facility based on utilization of the revolving credit facility and was scheduled to mature on August 17, 2023. As of April 30, 2022, there was $130.0 million outstanding in loans under the ABL Facility and $10.9 million in outstanding letters of credit. The interest rate on the ABL Facility was 1.89%, the interest rate of the term loan was 2.45%, and unused capacity was $859.1 million. First Lien Term Loan On January 5, 2023, the Company entered into an amendment (the “Third Amendment”) to the First Lien Term Loan Credit Agreement, with Nomura Corporate Funding Americas, LLC, as administrative agent and collateral agent and the lenders party thereto. BofA Securities, Inc., Deutsche Bank Securities Inc., and Wells Fargo Securities LLC acted as joint lead arrangers and joint bookrunners of the Third Amendment. The Third Amendment, among other things, extended the maturity date with respect to the term loans outstanding under the First Lien Term Loan Credit Agreement from February 3, 2024 to February 3, 2027. In addition, the Third Amendment transitioned the interest rate, immediately, from LIBOR to SOFR and changed the applicable margin from LIBOR plus 200 – 225 basis points per annum to SOFR plus 275 basis points per annum. Voluntary prepayments are permitted. Principal payments must be made on the First Lien Term Loan pursuant to an annual excess cash flow calculation when the net leverage ratio exceeds 3.50 to 1.00. As of April 29, 2023, the Company's net leverage ratio did not exceed 3.50 to 1.00, and therefore, no incremental principal payments were required. The First Lien Term Loan is subject to certain affirmative and negative covenants but no financial covenants. It is secured on a senior basis by certain "fixed assets" of the Company and on a junior basis by certain "liquid" assets of the Company. There was $450.0 million outstanding on the First Lien Term Loan at April 29, 2023 and January 28, 2023 and $701.9 million outstanding at April 30, 2022. The interest rates were 7.58%, 7.11%, and 2.52% at April 29, 2023, January 28, 2023, and April 30, 2022, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is involved in various legal proceedings that are typical of a retail business. In accordance with applicable accounting guidance, an accrual will be established for legal proceedings if and when those matters present loss contingencies that are both probable and estimable. The Company does not believe the resolution of any current proceedings will result in a material loss to the condensed consolidated financial statements.

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
Stock Incentive Plans	Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]
Stock Incentive Plans	Stock Incentive Plans On June 13, 2018, the Company’s board of directors adopted, and its stockholders approved, the BJ’s Wholesale Club Holdings, Inc. 2018 Incentive Award Plan (the "2018 Plan"). The 2018 Plan provides for the grant of stock options, restricted stock, dividend equivalents, stock payments, restricted stock units, performance shares, other incentive awards, stock appreciation rights, and cash awards. Prior to the adoption of the 2018 Plan, the Company granted stock-based compensation to employees and non-employee directors under the Fourth Amended and Restated 2011 Stock Option Plan of BJ’s Wholesale Club, Inc. (f/k/a Beacon Holding Inc.), as amended (the "2011 Plan") and the 2012 Director Stock Option Plan of BJ’s Wholesale Club Holdings, Inc. (f/k/a Beacon Holding, Inc.), as amended (the "2012 Director Plan"). No further grants will be made under the 2011 Plan or the 2012 Director Plan. The 2018 Plan authorizes the issuance of 13,148,058 shares, including 985,369 shares that were reserved but not issued under the 2011 Plan and the 2012 Director Plan. If an award under the 2018 Plan, the 2011 Plan, or the 2012 Director Plan is forfeited, expires, or is settled for cash, any shares subject to such award may, to the extent of such forfeiture, expiration, or cash settlement, be used again for new grants under the 2018 Plan. Additionally, shares tendered or withheld to satisfy grant or exercise price, or tax withholding obligations associated with an award under the 2018 Plan, the 2011 Plan, or the 2012 Director Plan will be added to the shares authorized for grant under the 2018 Plan. The following shares may not be used again for grant under the 2018 Plan: (1) shares subject to a stock appreciation right ("SAR") that are not issued in connection with the stock settlement of the SAR upon its exercise and (2) shares purchased on the open market with the cash proceeds from the exercise of options under the 2018 Plan, 2011 Plan, or 2012 Director Plan. As of April 29, 2023, there were 4,859,186 shares available for future issuance under the 2018 Plan. On April 16, 2021, the Compensation Committee approved a modification to the equity awards agreements under the 2011 Plan, 2012 Director Plan and 2018 Plan. In the event that an employee is terminated due to death or disability, the modified equity award agreements provide for: (i) full vesting of all time-based awards, including restricted stock awards and stock options, (ii) pro-rata vesting of all performance-based awards, including performance share units, based on actual performance as of the end of the applicable performance period, pro-rated based on the period of employment during the applicable performance period, and (iii) the extension of the post-termination exercise window for vested stock options. The following table summarizes the Company’s stock award activity during the thirteen weeks ended April 29, 2023 (shares in thousands): Stock Options Restricted Stock Restricted Stock Units Performance Stock Shares Weighted- Shares Weighted- Shares Weighted- Shares Weighted- Outstanding, January 28, 2023 1,788 $ 20.35 750 $ 50.10 24 $ 58.61 854 $ 45.70 Granted (a) — — 321 76.07 — — 503 76.07 Forfeited/canceled — — (3) 47.63 (5) 58.61 — — Exercised/vested (79) 21.32 (378) 42.57 — — (640) 24.35 Outstanding, April 29, 2023 1,709 $ 20.31 690 $ 66.33 19 $ 58.61 717 $ 58.84 a. Includes 320 incremental Performance Stock awards granted in fiscal year 2020 with a weighted-average grant date fair value of $24.35, that vested in fiscal year 2023 at greater than 100% of target based on performance. Stock-based compensation expense was $10.0 million and $9.1 million for the thirteen weeks ended April 29, 2023 and April 30, 2022, respectively. On June 14, 2018, the Company’s board of directors adopted, and its stockholders approved, the ESPP, which became effective July 1, 2018. The aggregate number of shares of common stock that were to be reserved for issuance under the ESPP was to be equal to the sum of (i) 973,014 shares and (ii) an annual increase on the first day of each calendar year beginning in 2019 and ending in 2028 equal to the lesser of (A) 486,507 shares, (B) 0.5% of the shares outstanding (on an as converted basis) on the last day of the immediately preceding fiscal year and (C) such smaller number of shares as determined by the

Treasury Shares and Share Repur

Treasury Shares and Share Repurchase Program	3 Months Ended
Treasury Shares and Share Repurchase Program	Apr. 29, 2023
Equity [Abstract]
Treasury Shares and Share Repurchase Program	Treasury Shares and Share Repurchase Program Treasury Shares Acquired on Restricted Stock and Performance Stock Awards The Company acquired 356,202 shares to satisfy employees’ tax withholding obligations upon the vesting of restricted stock and performance stock awards in the thirteen weeks ended April 29, 2023, which were recorded as $27.1 million of t reasury stock. The Company acquired 229,900 shares to satisfy employees' tax withholding obligations upon the vesting of restricted stock awards in the thirteen weeks ended April 30, 2022, which were recorded as $15.5 million of treasury stock. Share Repurchase Program On November 16, 2021, the Company's board of directors approved a share repurchase program (the "2021 Repurchase Program") that allows the Company to repurchase up to $500.0 million of its outstanding common stock from time to time as market conditions warrant. The 2021 Repurchase Program expires in January 2025. The Company initiated the 2021 Repurchase Program to mitigate potentially dilutive effects of stock options and shares of restricted stock granted by the Company, in addition to enhancing shareholder value. The Company repurchased 204,040 shares for $15.3 million and 570,506 shares for $35.8 million during the thirteen weeks ended April 29, 2023 and April 30, 2022, respectively . As of April 29, 2023, $303.4 million remained available to purchase under the 2021 Repurchase Program.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company projects the estimated annual effective tax rate for fiscal year 2023 to be 28.3%, excluding the tax effect of discrete events, such as excess tax benefits from stock-based compensation, changes in tax legislation, settlements of tax audits and changes in uncertain tax positions, among others. The Company’s effective income tax rate from continuing operations was 32.6% and 21.1% for the thirteen weeks ended April 29, 2023 and April 30, 2022, respectively. The increase in the effective tax rate was largely due to an immaterial adjustment to certain deferred tax assets related to prior periods, as well as lower excess tax benefits, offset by higher income in the current period. The Company is subject to taxation in the U.S. federal and various state taxing jurisdictions. The Company’s tax years from 2018 forward remain open and subject to examination by the Internal Revenue Service and various state taxing authorities. On August 16, 2022, the Inflation Reduction Act was signed into law in the United States. We are currently evaluating the Inflation Reduction Act law to determine future impacts on our financial statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Apr. 29, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Certain assets and liabilities are carried at fair value in accordance with GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company uses a three-level hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than quoted market prices included in Level 1 such as quoted market prices for markets that are not active or other inputs that are observable or can be corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. Financial Assets and Liabilities The fair value of the Company's long-term debt is estimated based on current market rates for our specific debt instrument. Judgment is required to develop these estimates. As such, the estimated fair value of long-term debt is classified within Level 2, as defined under U.S. GAAP. The gross carrying amount and fair value of the Company’s debt at April 29, 2023 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 450,000 $ 450,734 ABL Revolving Facility 400,000 400,000 Total Debt $ 850,000 $ 850,734 The gross carrying amount and fair value of the Company’s debt at January 28, 2023 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 450,000 $ 450,482 ABL Revolving Facility 405,000 405,000 Total Debt $ 855,000 $ 855,482 The gross carrying amount and fair value of the Company’s debt at April 30, 2022 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 701,920 $ 701,323 ABL Facility 130,000 130,000 Total Debt $ 831,920 $ 831,323 Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The Company measures certain non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis. The Company believes that the carrying amounts of its other financial instruments, including cash, accounts receivable, and accounts payable, approximates their carrying value due to the short-term maturities of these instruments.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Apr. 29, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The table below reconciles basic weighted-average shares of common stock outstanding to diluted weighted-average shares of common stock outstanding for the thirteen weeks ended April 29, 2023 and April 30, 2022 (in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Weighted-average shares of common stock outstanding, used for basic computation 133,312 134,244 Plus: Incremental shares of potentially dilutive securities: Stock incentive awards 2,590 2,458 Weighted-average shares of common stock and dilutive potential shares of common stock outstanding 135,902 136,702 The table below summarizes anti-dilutive awards that were excluded from the computation of diluted earnings for the thirteen weeks ended April 29, 2023 and April 30, 2022, as their inclusion would have been anti-dilutive (in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Restricted shares 103 96

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Apr. 29, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Interest Rate Swaps On November 13, 2018, the Company entered into three forward starting interest rate swaps (the "Interest Rate Swaps"), which were effective starting on February 13, 2019 and fixed the LIBOR component of $1.2 billion of its floating rate debt at a rate of approximately 3.0% from February 13, 2019 until February 13, 2022. The Company elected hedge accounting for the interest rate swap agreements, and as such, the effective portion of the gains or losses were recorded as a component of other comprehensive income and the ineffective portion of gains or losses were recorded as interest expense. The Interest Rate Swaps expired in February 2022. There was no liability recorded as of April 29, 2023, January 28, 2023, or April 30, 2022. The net of tax amount for the effective and ineffective Interest Rate Swaps was recorded in other comprehensive income and interest expense, respectively. There were no gains or losses recorded in other comprehensive income for the thirteen weeks ended April 29, 2023. For the thirteen weeks ended April 30, 2022, the Company recorded a $0.8 million gain in other comprehensive income. There was no ineffective portion of gains in the thirteen weeks ended April 29, 2023. The ineffective portion of gains of $0.3 million for the thirteen weeks ended April 30, 2022 was recorded in interest expense.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Apr. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions On May 2, 2022, the Company completed the Acquisition to bring substantially all of its end-to-end perishable supply chain in-house. The total consideration paid by the Company in connection with the Acquisition was approximately $375.6 million, excluding transaction costs. The Company did not record any transaction costs during the thirteen weeks ended April 29, 2023. The Company recorded transaction costs related to the acquisition of $7.9 million during the thirteen weeks ended April 30, 2022. These costs are included in selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income. The following table summarizes the consideration paid and the final fair values of the assets acquired and liabilities assumed (in thousands) in connection with the Acquisition: As of May 2, 2022 Fair Value Assets: Property and equipment, net $ 203,400 Merchandise inventories 88,072 Goodwill 84,682 Operating lease right-of-use assets, net 16,569 Prepaid expenses and other current assets 433 Intangibles, net 100 Total Assets 393,256 Liabilities: Long-term operating lease liabilities (16,569) Accrued expenses and other current liabilities (1,106) Total Liabilities (17,675) Total consideration paid, including working capital adjustments $ 375,581

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Apr. 29, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim financial statements of BJ’s Wholesale Club Holdings, Inc. are unaudited and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair statement of the Company’s financial statements in accordance with GAAP. The condensed consolidated balance sheet as of January 28, 2023 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the first quarter of fiscal year 2023 are not necessarily indicative of future results or results to be expected for fiscal year 2023. The Company’s business, in common with the business of retailers generally, is subject to seasonal influences. The Company’s sales and operating income have typically been highest in the fourth quarter holiday season and lowest in the first quarter of each fiscal year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the fiscal year 2022, as filed with the Securities and Exchange Commission on March 16, 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s accounting policies are set forth in the audited financial statements included in the Company’s Annual Report on Form 10-K for fiscal year 2022. There have been no material changes to these accounting policies and no accounting pronouncements adopted that had a material impact on the Company’s financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Apr. 29, 2023
Revenue from Contract with Customer [Abstract]
Point of sale transactions as a percentage of net sales and total revenues	The following table summarizes the Company’s point of sale transactions at clubs and gas stations, excluding sales tax, as a percentage of both net sales and total revenues: Thirteen Weeks Ended April 29, 2023 April 30, 2022 Point of sale transactions, excluding sales tax, as a percent of net sales 91% 92% Point of sale transactions, excluding sales tax, as a percent of total revenues 89% 90%
Disaggregation of revenue	The following table summarizes the Company’s percentage of net sales disaggregated by category: Thirteen Weeks Ended April 29, 2023 April 30, 2022 Grocery 71 % 67 % General Merchandise and Services 10 % 11 % Gasoline and Other 19 % 22 %

Debt and Credit Arrangements (T

Debt and Credit Arrangements (Tables)	3 Months Ended
Debt and Credit Arrangements (Tables)	Apr. 29, 2023
Debt Disclosure [Abstract]
Schedule of debt	The following table summarizes the Company’s debt (in thousands): April 29, 2023 January 28, 2023 April 30, 2022 ABL Revolving Facility $ 400,000 $ 405,000 $ — ABL Facility — — 130,000 First Lien Term Loan 450,000 450,000 701,920 Unamortized original issue discount and debt issuance costs (1,996) (2,120) (2,933) Less: Short-term debt (400,000) (405,000) (80,000) Long-term debt $ 448,004 $ 447,880 $ 748,987

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
Stock Incentive Plans (Tables)	Apr. 29, 2023
Share-Based Payment Arrangement [Abstract]
Stock award activity	The following table summarizes the Company’s stock award activity during the thirteen weeks ended April 29, 2023 (shares in thousands): Stock Options Restricted Stock Restricted Stock Units Performance Stock Shares Weighted- Shares Weighted- Shares Weighted- Shares Weighted- Outstanding, January 28, 2023 1,788 $ 20.35 750 $ 50.10 24 $ 58.61 854 $ 45.70 Granted (a) — — 321 76.07 — — 503 76.07 Forfeited/canceled — — (3) 47.63 (5) 58.61 — — Exercised/vested (79) 21.32 (378) 42.57 — — (640) 24.35 Outstanding, April 29, 2023 1,709 $ 20.31 690 $ 66.33 19 $ 58.61 717 $ 58.84 a. Includes 320 incremental Performance Stock awards granted in fiscal year 2020 with a weighted-average grant date fair value of $24.35, that vested in fiscal year 2023 at greater than 100% of target based on performance.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Apr. 29, 2023
Fair Value Disclosures [Abstract]
Gross carrying amount and fair value of debt	The gross carrying amount and fair value of the Company’s debt at April 29, 2023 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 450,000 $ 450,734 ABL Revolving Facility 400,000 400,000 Total Debt $ 850,000 $ 850,734 The gross carrying amount and fair value of the Company’s debt at January 28, 2023 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 450,000 $ 450,482 ABL Revolving Facility 405,000 405,000 Total Debt $ 855,000 $ 855,482 The gross carrying amount and fair value of the Company’s debt at April 30, 2022 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 701,920 $ 701,323 ABL Facility 130,000 130,000 Total Debt $ 831,920 $ 831,323

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Apr. 29, 2023
Earnings Per Share [Abstract]
Basic and diluted weighted-average shares of common stock outstanding	The table below reconciles basic weighted-average shares of common stock outstanding to diluted weighted-average shares of common stock outstanding for the thirteen weeks ended April 29, 2023 and April 30, 2022 (in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Weighted-average shares of common stock outstanding, used for basic computation 133,312 134,244 Plus: Incremental shares of potentially dilutive securities: Stock incentive awards 2,590 2,458 Weighted-average shares of common stock and dilutive potential shares of common stock outstanding 135,902 136,702
Anti-dilutive restricted shares and stock options	The table below summarizes anti-dilutive awards that were excluded from the computation of diluted earnings for the thirteen weeks ended April 29, 2023 and April 30, 2022, as their inclusion would have been anti-dilutive (in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Restricted shares 103 96

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
Acquisitions (Tables)	Apr. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Estimated fair values of assets acquired and liabilities assumed	The following table summarizes the consideration paid and the final fair values of the assets acquired and liabilities assumed (in thousands) in connection with the Acquisition: As of May 2, 2022 Fair Value Assets: Property and equipment, net $ 203,400 Merchandise inventories 88,072 Goodwill 84,682 Operating lease right-of-use assets, net 16,569 Prepaid expenses and other current assets 433 Intangibles, net 100 Total Assets 393,256 Liabilities: Long-term operating lease liabilities (16,569) Accrued expenses and other current liabilities (1,106) Total Liabilities (17,675) Total consideration paid, including working capital adjustments $ 375,581

Description of Business (Detail

Description of Business (Details)	Apr. 29, 2023 state store gas_station
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores \| store	237
Number of gas stations \| gas_station	167
Number of states in which entity operates \| state	18

Revenue Recognition - Point of

Revenue Recognition - Point of Sale Transactions as a Percentage of Net Sales and Total Revenue (Details) - Revenue from Rights Concentration Risk - Point Of Sale Transaction	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net sales
Concentration Risk [Line Items]
Concentration risk percentage	91%	92%
Total revenue
Concentration Risk [Line Items]
Concentration risk percentage	89%	90%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	3 Months Ended		12 Months Ended
Revenue Recognition - Narrative (Details)	Apr. 29, 2023 USD ($) $ / gal	Apr. 30, 2022 USD ($)	Jan. 28, 2023 USD ($) $ / gal
Revenue, Major Customer [Line Items]
Percentage of cash back earned	5%		2%
Maximum annual cash back amount			$ 500
Percentage of cash back earned, eligible purchases			5%
Cash back in the form of electronic awards issued			$ 10
Cash back, expiration period			6 months
Discount on gasoline (in USD per gallon) \| $ / gal	0.15		0.05
Membership
Revenue, Major Customer [Line Items]
Deferred revenue	$ 192,700,000	$ 185,200,000	$ 183,700,000
Membership fee term	12 months
Gift Card Programs
Revenue, Major Customer [Line Items]
Deferred revenue	$ 13,100,000	11,200,000	14,100,000
Revenue recognized	11,600,000	10,500,000
Rewards Program
Revenue, Major Customer [Line Items]
Deferred revenue	36,600,000	32,500,000	34,700,000
Revenue recognized	34,700,000	30,300,000
Rewards Program, Royalty
Revenue, Major Customer [Line Items]
Remaining performance obligation	4,100,000	$ 29,200,000	$ 17,900,000
Rewards Program, Royalty \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-30
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 4,100,000
Remaining performance obligation, timing of satisfaction	9 months
Rewards Program, Marketing and Integration
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 14,700,000
Rewards Program, Marketing and Integration \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-30
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 6,300,000
Remaining performance obligation, timing of satisfaction	9 months
Rewards Program, Marketing and Integration \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-28
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 8,400,000
Remaining performance obligation, timing of satisfaction
Rewards Program, Marketing and Integration \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-28 \| Accrued expenses and other current liabilities
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 1,100,000
Rewards Program, Marketing and Integration \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-28 \| Other non-current liabilities
Revenue, Major Customer [Line Items]
Remaining performance obligation	$ 7,300,000

Revenue Recognition - Percentag

Revenue Recognition - Percentage of Net Sales Disaggregated by Category (Details)	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Grocery
Disaggregation of Revenue [Line Items]
Net sales percentage	71%	67%
General Merchandise and Services
Disaggregation of Revenue [Line Items]
Net sales percentage	10%	11%
Gasoline and Other
Disaggregation of Revenue [Line Items]
Net sales percentage	19%	22%

Debt and Credit Arrangements -

Debt and Credit Arrangements - Debt Components (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Carrying Amount	$ 850,000	$ 855,000	$ 831,920
Unamortized original issue discount and debt issuance costs	(1,996)	(2,120)	(2,933)
Less: Short-term debt	(400,000)	(405,000)	(80,000)
Long-term debt	448,004	447,880	748,987
ABL Revolving Facility
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Carrying Amount	400,000	405,000	0
ABL Facility
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Carrying Amount	0	0	130,000
First Lien Term Loan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Carrying Amount	$ 450,000	$ 450,000	$ 701,920

Debt and Credit Arrangements _2

Debt and Credit Arrangements - Narrative (Details)	Jan. 05, 2023	Jan. 04, 2023	Jul. 28, 2022 USD ($)	Jul. 27, 2022 USD ($)	Apr. 29, 2023 USD ($)	Jan. 28, 2023 USD ($)	Apr. 30, 2022 USD ($)
Debt Instrument [Line Items]
Carrying Amount					$ 850,000,000	$ 855,000,000	$ 831,920,000
ABL Revolving Facility
Debt Instrument [Line Items]
Carrying Amount					400,000,000	405,000,000	0
ABL Facility
Debt Instrument [Line Items]
Carrying Amount					0	0	$ 130,000,000
Decrease in basis spread on variable rate upon achievement of certain net leverage ratio				0.125%
ABL Facility \| Term Loan
Debt Instrument [Line Items]
Principal amount				$ 50,000,000
Net leverage ratio				3
Stated interest rate							2.45%
ABL Facility \| Term Loan \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1%
ABL Facility \| Term Loan \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				2%
ABL Facility \| Term Loan \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1.50%
ABL Facility \| Term Loan \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				2.50%
First Lien Term Loan
Debt Instrument [Line Items]
Carrying Amount					$ 450,000,000	$ 450,000,000	$ 701,920,000
Effective interest rate					7.58%	7.11%	2.52%
Revolving Credit Facility \| ABL Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,200,000,000
Commitment fee percentage			0.20%
Carrying Amount					$ 400,000,000	$ 405,000,000
Interest rate at end of period					6.08%	5.63%
Unused capacity					$ 645,000,000	$ 535,200,000
Revolving Credit Facility \| ABL Revolving Facility \| Term one
Debt Instrument [Line Items]
Term of borrowing			1 month
Revolving Credit Facility \| ABL Revolving Facility \| Term two
Debt Instrument [Line Items]
Term of borrowing			3 months
Revolving Credit Facility \| ABL Revolving Facility \| Term three
Debt Instrument [Line Items]
Term of borrowing			6 months
Revolving Credit Facility \| ABL Revolving Facility \| Term four
Debt Instrument [Line Items]
Term of borrowing			12 months
Revolving Credit Facility \| ABL Revolving Facility \| Minimum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate			1%
Revolving Credit Facility \| ABL Revolving Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0%
Revolving Credit Facility \| ABL Revolving Facility \| Maximum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate			1.25%
Revolving Credit Facility \| ABL Revolving Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.25%
Revolving Credit Facility \| ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 950,000,000
Carrying Amount							$ 130,000,000
Interest rate at end of period							1.89%
Unused capacity							$ 859,100,000
Revolving Credit Facility \| ABL Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.25%
Revolving Credit Facility \| ABL Facility \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				1.25%
Revolving Credit Facility \| ABL Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.75%
Revolving Credit Facility \| ABL Facility \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Letter of Credit \| ABL Revolving Facility
Debt Instrument [Line Items]
Carrying Amount					$ 11,800,000	$ 11,500,000
Letter of Credit \| ABL Facility
Debt Instrument [Line Items]
Carrying Amount							$ 10,900,000
Term Loan \| First Lien Term Loan \| Line of Credit
Debt Instrument [Line Items]
Net leverage ratio	0.0350
Term Loan \| First Lien Term Loan \| Line of Credit \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Term Loan \| First Lien Term Loan \| Line of Credit \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		2%
Term Loan \| First Lien Term Loan \| Line of Credit \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%

Stock Incentive Plans - Narrati

Stock Incentive Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Jun. 14, 2018	Jun. 13, 2018
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 10	$ 9.1
The 2018 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for issuance (in shares)				13,148,058
The 2011 Plan and 2012 Director Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares reserved for issuance (in shares)				985,369
Shares available for future issuance (in shares)	4,859,186
Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares reserved for issuance (in shares)	2,524,665
Stock-based compensation expense	$ 0.3	$ 0.2
Shares reserved for issuance (in shares)			973,014
Shares reserved for issuance, annual increase (in shares)			486,507
Shares reserved for issuance, annual increase percentage			0.50%

Stock Incentive Plans - Stock A

Stock Incentive Plans - Stock Award Activity (Details) shares in Thousands	3 Months Ended
	Apr. 29, 2023 $ / shares shares
Stock Options
Shares
Outstanding (in shares) \| shares	1,788
Granted (in shares) \| shares	0
Forfeited/canceled (in shares) \| shares	0
Exercised/vested (in shares) \| shares	(79)
Outstanding (in shares) \| shares	1,709
Weighted- Average Exercise Price
Outstanding (in USD per share) \| $ / shares	$ 20.35
Granted (in USD per share) \| $ / shares	0
Forfeited/canceled (in USD per share) \| $ / shares	0
Exercised/vested (in USD per share) \| $ / shares	21.32
Outstanding (in USD per share) \| $ / shares	$ 20.31
Restricted Stock
Shares
Outstanding (in shares) \| shares	750
Granted (in shares) \| shares	321
Forfeited/canceled (in shares) \| shares	(3)
Exercised/vested (in shares) \| shares	(378)
Outstanding (in shares) \| shares	690
Weighted- Average Grant Date Fair Value
Outstanding (in USD per share) \| $ / shares	$ 50.10
Granted (in USD per share) \| $ / shares	76.07
Forfeited/canceled (in USD per share) \| $ / shares	47.63
Exercised/vested (in USD per share) \| $ / shares	42.57
Outstanding (in USD per share) \| $ / shares	$ 66.33
Restricted Stock Units
Shares
Outstanding (in shares) \| shares	24
Granted (in shares) \| shares	0
Forfeited/canceled (in shares) \| shares	(5)
Exercised/vested (in shares) \| shares	0
Outstanding (in shares) \| shares	19
Weighted- Average Grant Date Fair Value
Outstanding (in USD per share) \| $ / shares	$ 58.61
Granted (in USD per share) \| $ / shares	0
Forfeited/canceled (in USD per share) \| $ / shares	58.61
Exercised/vested (in USD per share) \| $ / shares	0
Outstanding (in USD per share) \| $ / shares	$ 58.61
Performance Stock
Shares
Outstanding (in shares) \| shares	854
Granted (in shares) \| shares	503
Forfeited/canceled (in shares) \| shares	0
Exercised/vested (in shares) \| shares	(640)
Outstanding (in shares) \| shares	717
Weighted- Average Grant Date Fair Value
Outstanding (in USD per share) \| $ / shares	$ 45.70
Granted (in USD per share) \| $ / shares	76.07
Forfeited/canceled (in USD per share) \| $ / shares	0
Exercised/vested (in USD per share) \| $ / shares	24.35
Outstanding (in USD per share) \| $ / shares	$ 58.84
Performance Stock, Vested at Greater than 100% of Target
Shares
Granted (in shares) \| shares	320
Weighted- Average Grant Date Fair Value
Granted (in USD per share) \| $ / shares	$ 24.35
Performance target (greater than)	100%

Treasury Shares and Share Rep_2

Treasury Shares and Share Repurchase Program (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Nov. 16, 2021
Equity [Abstract]
Shares reacquired to satisfy tax withholding obligations (in shares)	356,202	229,900
Shares reacquired to satisfy tax withholding obligations	$ 27,100	$ 15,500
Equity, Class of Treasury Stock [Line Items]
Shares repurchased	$ 42,369	$ 51,342
2021 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, amount authorized			$ 500,000
Shares repurchased (in shares)	204,040	570,506
Shares repurchased	$ 15,300	$ 35,800
Share repurchase program, amount remaining available	$ 303,400

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		12 Months Ended
Income Taxes (Details)	Apr. 29, 2023	Apr. 30, 2022	Feb. 03, 2024
Income Tax Contingency [Line Items]
Effective tax rate	32.60%	21.10%
Forecast
Income Tax Contingency [Line Items]
Effective tax rate			28.30%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 850,000	$ 855,000	$ 831,920
Fair Value	850,734	855,482	831,323
First Lien Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	450,000	450,000	701,920
Fair Value	450,734	450,482	701,323
ABL Revolving Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	400,000	405,000	0
Fair Value	400,000	405,000
ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 0	$ 0	130,000
Fair Value			$ 130,000

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Weighted-Average Shares of Common Stock Outstanding (Details) - shares shares in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Weighted-average shares of common stock outstanding, used for basic computation (in shares)	133,312	134,244
Plus: Incremental shares of potentially dilutive securities:
Stock incentive awards (in shares)	2,590	2,458
Weighted-average shares of common stock and dilutive potential shares of common stock outstanding (in shares)	135,902	136,702

Earnings Per Share - Anti-Dilut

Earnings Per Share - Anti-Dilutive Restricted Shares and Stock Options (Details) - shares shares in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Restricted shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	103	96

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) $ in Millions		3 Months Ended
Derivative Financial Instruments (Details) $ in Millions	Nov. 13, 2018 derivative_instrument	Apr. 29, 2023 USD ($)	Apr. 30, 2022 USD ($)	Jan. 28, 2023 USD ($)	Feb. 13, 2019 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Number of derivative instruments entered \| derivative_instrument	3
Amount of hedged item					$ 1,200
Interest rate					3%
Interest rate swap liability		$ 0	$ 0	$ 0
Derivative gains		0	0.8
Interest expense		$ 0	$ 0.3

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - Burris Logistics - USD ($) $ in Millions		3 Months Ended
	May 02, 2022	Apr. 29, 2023	Apr. 30, 2022
Business Acquisition [Line Items]
Consideration paid	$ 375.6
Transaction costs		$ 0	$ 7.9

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	May 02, 2022	Apr. 30, 2022
Assets:
Goodwill	$ 1,008,816	$ 1,008,816		$ 924,134
Burris Logistics
Assets:
Property and equipment, net			$ 203,400
Merchandise inventories			88,072
Goodwill			84,682
Operating lease right-of-use assets, net			16,569
Prepaid expenses and other current assets			433
Intangibles, net			100
Total Assets			393,256
Liabilities:
Long-term operating lease liabilities			(16,569)
Accrued expenses and other current liabilities			(1,106)
Total Liabilities			(17,675)
Total consideration paid, including working capital adjustments			$ 375,581