Streetbeat News

BJ

BJ's Wholesale Club Holdings, Inc.

https://www.bjs.com

Industry

Discount Stores

BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app. As of June 10, 2022, it operated 229 warehouse clubs and 160 gas locations in 17 states. The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018. BJ's Wholesale Club Holdings, Inc. was founded in 1984 and is headquartered in Westborough, Massachusetts.

Open

87.88

Mkt cap

12B

Volume

931K

High

89.00

P/E Ratio

22.38

52-wk high

92.37

Low

87.20

Div yield

N/A

52-wk low

63.08

BJ's Wholesale Club reported strong Q2 earnings with revenue and EPS beating estimates. Despite positive digital sales growth, the company hinted at the lower end of its annual EPS outlook, causing shares to drop 7.3%.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 12:11 pm

BJ's Wholesale Club shares declined despite reporting better-than-expected Q2 financial results, reversing earlier gains.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:02 pm

BJ's Wholesale Club shares rose following the release of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:49 am

BJ's Wholesale Club has reaffirmed its fiscal year 2024 adjusted EPS guidance of $3.75 to $4.00, aligning closely with the $3.93 estimate. The company anticipates a 1% to 2% increase in comparable club sales, excluding gasoline, driven by traffic, unit growth, and a strong perishables business. Merchandise gross margins are expected to remain flat year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:47 am

BJ's Wholesale Club reported a 3.1% increase in comparable club sales year-over-year for Q2, with a 2.4% rise excluding gasoline. Digital sales surged by 22%, and membership fee income grew by 9.1% to $113.1 million. Earnings per share were $1.08, with adjusted earnings at $1.09.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:46 am

BJ's Wholesale Club reported Q2 2024 earnings of $1.09 per share, surpassing the $1.00 estimate, and sales of $5.205 billion, exceeding the $5.145 billion estimate. This marks a 10.1% increase in EPS and a 4.86% rise in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:45 am

US stocks are set for a modest start as traders await Nvidia's earnings and the Jackson Hole Symposium. Nvidia's upcoming earnings are seen as a key market catalyst. Several companies, including Agilent Technologies and Urban Outfitters, showed significant premarket movements based on earnings results.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 10:41 am

The S&P 500 and Nasdaq surged after the Federal Reserve's minutes indicated a likely rate cut in September. Macy's shares fell 13% due to weak sales, while Target reported strong results and raised its FY24 EPS outlook. Investors await earnings from BJ's Wholesale, Williams-Sonoma, and Intuit.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 8:18 am

Investors are focusing on several stocks as U.S. stock futures trade mixed. BJ's Wholesale, Wolfspeed, Williams-Sonoma, Zoom Video, and Intuit are in the spotlight due to earnings reports and forecasts. BJ's and Williams-Sonoma are expected to report earnings before the market opens, while Intuit will report after the closing bell. Wolfspeed and Zoom Video have already reported their results, with mixed outcomes.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 8:08 am

Deep-pocketed investors are showing a bearish sentiment towards BJ's Wholesale Club, with significant options trading activity indicating potential price movements. The stock is currently trading at $87.8, with a neutral RSI and an upcoming earnings report. Analysts have a target price of $76, with JP Morgan maintaining an Underweight rating.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 6:16 pm

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