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.
The cost of a BJ's Wholesale Club membership will get pricier in January, when the company plans to raise its standard membership to $60 and its Club+ membership to $120.
Initial Claims Reaffirm a Resilient Labor Market.
BJ's stock is rallying Thursday after the warehouse club raised its membership fee for the first time in seven years and unveiled a big stock buyback program. Here's what you need to know.
BJ's Wholesale Club (BJ) shares rose Thursday morning after the warehouse retailer reported better third-quarter earnings than expected despite sales falling just short of estimates.
While the top- and bottom-line numbers for BJ's (BJ) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
BJ's Wholesale Club Holdings Inc (NYSE:BJ) reported a profit beat for the third quarter , and raised its annual profit forecast.
BJ's Wholesale Club (BJ) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.98 per share a year ago.