BJ reaches a milestone with the opening of its 250th location in Louisville, KY, marking a significant step in the company's expansion strategy.
BJ's Wholesale Club directs resources toward expanding digital capabilities to better engage with members and provide them with a convenient way to shop.
BJ's 40th club opening in Florida represents a strategic step forward in its growth initiative within the competitive retail landscape.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BJ's (BJ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Numerous stock buyback or repurchase authorization announcements were made throughout 2024. For the most part, they have become commonplace.
I reiterate my hold rating on BJ's Wholesale Club Holdings due to its high relative valuation despite a sound near-term fundamental outlook. BJ's 3Q24 results showed strong revenue growth, margin expansion, and a significant EPS beat, driven by robust same-store sales growth and increased membership fees. BJ announced its first membership fee increase in seven years, expected to positively impact financials without major churn.
Bulk-buying, bargain-hunting shoppers have made the members-only discount store concept wildly successful. Costco Wholesale (COST 0.88%) and BJ's Wholesale Club (BJ 4.26%) are translating that popularity into strong growth and record profitability.
BJ's Wholesale beats earnings estimates, grows its membership base and unveils a $1B buyback. Fiscal 2024 guidance raised amid strategic initiatives.
DA Davidson analyst Michael Baker reiterated the Buy rating on BJ's Wholesale Club Holdings, Inc. BJ, raising the price forecast to $110 from $95.
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ ) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Cathy Park - IR Bob Eddy - Chairman & CEO Laura Felice - CFO Bill Werner - EVP, Strategy & Development Conference Call Participants Peter Benedict - Baird Robby Ohmes - Bank of America Edward Kelly - Wells Fargo Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Operator Welcome all and thank you for joining us for the BJ's Wholesale Club Q3 2024 Earnings Conference Call. My name is Carly, and I'll be coordinating your call today.
BJ's Wholesale Club Holdings, Inc. saw a 23% stock increase in two months, validating the authors' buy recommendation in the $70's. Q3 results showed a 3.7% net sales increase, strong comparable sales, and a significant share repurchase program. Gross profit and margins expanded, with BJ EPS beating expectations by $0.25, reaching $1.18, up 18% year-over-year.