US05550J1016 - Common Stock
BJ'S WHOLESALE CLUB HOLDINGS
NYSE:BJ (11/21/2024, 8:15:11 PM)
After market: 92.35 -0.44 (-0.47%)92.79
+7.09 (+8.27%)
BJ's Wholesale Club Holdings, Inc. engages in the operation of membership warehouse clubs. The company is headquartered in Marlborough, Massachusetts and currently employs 34,000 full-time employees. The company went IPO on 2018-06-28. The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, it offers technology, home decor, apparel, seasonal items. The company groups its merchandise offerings into two divisions: grocery and general merchandise and services. Grocery consists of its meat, produce, dairy, bakery, deli and frozen products, packaged foods, beverages, detergents, disinfectants, paper products, beauty care, adult and baby care and pet foods. General merchandise and services consist of electronics, apparel, seasonal goods, small appliances, televisions, optical, tires, and gift cards. The company also offers specialty services, such as full-service optical centers, tire installation services, a propane tank filling service, and others. The company operates about 244 clubs and 175 BJ's Gas locations in 20 states.
BJ'S WHOLESALE CLUB HOLDINGS
350 Campus Drive
Marlborough MASSACHUSETTS 01581
P: 17745127400
CEO: Lee Delaney
Employees: 34000
Website: https://www.bjs.com/
BJ earnings call for the period ending September 30, 2024.
Shares of membership-only discount retailer BJ’s Wholesale Club (NYSE:BJ) jumped 11.7% in the morning session after the company reported strong third-quarter results which blew past analysts' EPS expectations. Full-year EPS guidance was also raised, which is promising. While sales were in line with expectations, management called out some encouraging demand indicators as it hit a milestone of 7.5 million Club members. The company also announced plans for the first membership fee increase in seven years, effective January 1, 2025. The fee increase should boost sales and margins if demand trends maintain the improved momentum. Overall, we think this was still a solid quarter with some key areas of upside, especially after Target (NYSE:TGT) missed badly the previous day.
Shares of membership-only discount retailer BJ’s Wholesale Club (NYSE:BJ) jumped 11.7% in the morning session after the company reported strong third-quarter results which blew past analysts' EPS expectations. Full-year EPS guidance was also raised, which is promising. While sales were in line with expectations, management called out some encouraging demand indicators as it hit a milestone of 7.5 million Club members. The company also announced plans for the first membership fee increase in seven years, effective January 1, 2025. The fee increase should boost sales and margins if demand trends maintain the improved momentum. Overall, we think this was still a solid quarter with some key areas of upside, especially after Target (NYSE:TGT) missed badly the previous day.
BJ's Wholesale blew past Q3 earnings targets and launched a $1 billion buyback.
Membership-only discount retailer BJ’s Wholesale Club (NYSE:BJ) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.5% year on year to $5.10 billion. Its non-GAAP profit of $1.18 per share was 26.7% above analysts’ consensus estimates.
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