BJs Wholesale Club Holdings Inc (BJ)

Pretax margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	735,981	714,413	711,108	719,142	689,442	657,809	637,960	593,278	557,771	541,293	547,462	542,919	557,855	484,556	393,296	322,680	243,388	271,648	255,683	162,490
Revenue (ttm)	US$ in thousands	19,910,280	19,502,780	19,363,380	19,503,660	19,276,660	18,700,940	18,178,720	17,247,210	16,616,830	16,247,780	15,716,350	15,498,170	15,430,010	14,955,720	14,453,450	13,845,160	13,190,700	13,135,260	13,127,520	13,088,780
Pretax margin		3.70%	3.66%	3.67%	3.69%	3.58%	3.52%	3.51%	3.44%	3.36%	3.33%	3.48%	3.50%	3.62%	3.24%	2.72%	2.33%	1.85%	2.07%	1.95%	1.24%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $735,981K ÷ $19,910,280K
= 3.70%

The pretax margin of BJs Wholesale Club Holdings Inc has been relatively stable over the past few quarters, hovering around the 3.5% mark. There was a slight increase in the pretax margin in the most recent quarter to 3.70%, which is a positive sign indicating improved efficiency in generating pre-tax profits from its operations. The company has shown resilience in maintaining its profitability despite fluctuations in the economic environment. It is essential for BJs Wholesale Club Holdings Inc to continue monitoring and managing its operating expenses to sustain and potentially improve its pretax margin in the future.