BJ's Wholesale Club Holdings Inc

BJ

Equity

ISIN US05550J1016 / Valor 41886995

New York Stock Exchange, Inc (2024-12-26)

USD 94.44+0.69%

BJ's Wholesale Club Holdings Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

BJ's Wholesale Club Holdings Inc is a prominent warehouse club operator primarily located on the East Coast of the United States. The company focuses on delivering substantial value to its members by offering significant savings on a variety of manufacturer-branded groceries compared to traditional supermarket competitors. In addition to groceries, BJ's provides a curated assortment of perishable products, general merchandise, gas, and other ancillary services to create a unique shopping experience. The company also emphasizes its omnichannel capabilities to enhance customer convenience. Executive leadership includes Jeff Desroches as the executive vice president and chief operations officer, overseeing various operational aspects, and Paul Cichocki as the executive vice president and chief commercial officer, responsible for merchandising, assortment planning, membership, marketing, and analytics.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

BJ's Wholesale Club Holdings Inc. reported total revenues of $5.1 billion for the third quarter of fiscal 2024, marking a 3.5% increase from the $4.9 billion reported in the same quarter of fiscal 2023. This growth was driven by a combination of increased membership fee income and higher comparable club sales.

Membership Fee Income

In the third quarter of fiscal 2024, BJ's Wholesale Club Holdings Inc. saw its membership fee income rise by 8.4% year-over-year, reaching $115.0 million. This increase was attributed to strong membership acquisition and retention, as well as higher tier membership penetration.

Net Income and Earnings

For the third quarter of fiscal 2024, BJ's Wholesale Club Holdings Inc. reported a net income of $155.7 million, up from $130.5 million in the same period of the previous year. Earnings per diluted share were $1.17, with adjusted earnings per diluted share slightly higher at $1.18.

Comparable Club Sales

BJ's Wholesale Club Holdings Inc. experienced a 1.5% year-over-year increase in comparable club sales during the third quarter of fiscal 2024. Excluding gasoline sales, the increase was more pronounced at 3.8%, driven by strong customer traffic and digitally enabled sales growth.

Share Repurchase Program

The Board of Directors of BJ's Wholesale Club Holdings Inc. approved a new $1 billion share repurchase program in November 2024. This program is set to expire in January 2029 and reflects the company's commitment to returning value to shareholders while maintaining flexibility in its capital allocation strategy.

Summarized from source with an LLMView Source

Key figures

40.6%1Y

47.0%3Y

319%5Y

Performance

26.2%1Y

31.8%3Y

37.6%5Y

Volatility