This Popular Stock Wall Street Loves Grew Its Dividend 382% Last Year YvanDube / iStock Unreleased via Getty Images Investors love dividends for many reasons. They provide assurance that a company is financially healthy enough to reward investors. Dividend stocks tend to perform better in market downturns and recessions. Dividends may offer tax advantages and help mitigate losses. And they offer total return (stock appreciation plus distributions), which is attractive for income-seeking investors. So a bi ...

Membership and Revenue - Membership fee income totaled $420.7 million in fiscal year 2023, with a tenured membership renewal rate of 90%[98] - The company has over 7 million members, generating $420.7 million in membership fee income for fiscal year 2023[112] - Membership fee income increased by 6.0% to $420.7 million in fiscal year 2023 from $396.7 million in fiscal year 2022, reflecting strong membership renewals and new member acquisitions[179] - The annual membership fee for Club Card is generally $55, with members saving over ten times this fee when spending $2,500 or more annually[112] Financial Performance - Net sales for fiscal year 2023 were $19.5 billion, a 3.3% increase from $18.9 billion in fiscal year 2022, driven by strength in the grocery division and an increase of eight clubs[150] - Total revenues increased to $19.97 billion, compared to $19.32 billion in the prior year, marking a growth of 3.4%[248] - Operating income for fiscal year 2023 was $800.4 million, up from $738.0 million in fiscal year 2022, indicating improved operational efficiency[147] - Operating income for the fiscal year was $800.42 million, a 8.46% increase from $737.99 million in the previous year[248] - Net income for the year was $523.74 million, slightly up from $513.18 million, representing a growth of 0.31%[248] - Adjusted net income for fiscal year 2023 was $534.5 million, compared to $535.2 million in fiscal year 2022, with adjusted EPS at $3.96, up from $3.92[189] Expenses and Costs - Cost of sales for fiscal year 2023 was $16.3 billion, representing 83.5% of net sales, a slight improvement from $15.9 billion or 84.0% in fiscal year 2022[181] - SG&A expenses increased by 5.8% to $2.8 billion in fiscal year 2023, driven by higher labor, occupancy, and depreciation costs due to new club openings[183] - Interest expense increased to $64.5 million in fiscal year 2023 from $47.5 million in fiscal year 2022, primarily due to rising interest rates[159] - Interest expense increased to $64.53 million from $47.46 million, indicating a rise of 36% year-over-year[248] Investments and Cash Flow - Net cash provided by operating activities was $718.9 million in fiscal year 2023, down from $788.2 million in fiscal year 2022, largely due to timing of inventory receipts and payments[170] - Adjusted free cash flow decreased to $264.1 million in fiscal year 2023 from $417.6 million in fiscal year 2022, primarily due to unfavorable working capital fluctuations and increased capital spending[197] - Cash used in investing activities decreased to $454.8 million in fiscal year 2023 from $747.1 million in fiscal year 2022, mainly due to reduced acquisition-related cash outflows[171] Strategic Initiatives - The company aims to retain future earnings for business expansion and debt repayment, with no cash dividends expected in the foreseeable future[80] - The company expects to continue investing in member engagement, marketing, and digital strategies to drive growth[183] - The company anticipates ongoing market expansion and strategic investments in new clubs and technologies to enhance its competitive position[183] Operational Footprint - The company operates 244 warehouse clubs and 175 gas stations across 20 states as of the filing date[95] - Total clubs at the end of the period increased to 243 from 235 in the previous year, indicating continued expansion of the company's footprint[147] - The company operated 243 warehouse clubs and 174 gas stations across 20 states as of February 3, 2024[254] Market and Economic Factors - Economic factors such as employment rates and inflation significantly impact customer spending patterns and, consequently, the company's financial results[114] - Inflationary volatility has impacted several business categories in fiscal year 2023, prompting the company to adjust sourcing and pricing strategies[102] - Fluctuations in gasoline prices can lead to significant variances in net sales, impacting operating income[118] - The New York metropolitan area accounted for approximately 23% of net sales in fiscal year 2023[259] Shareholder Returns and Stock Performance - The company has a share repurchase program allowing up to $500 million in stock buybacks, expiring in January 2025[88] - The average price paid per share for stock repurchases in Q4 2023 was $65.21, with a total of 800,052 shares purchased[69] - The company repurchased 1,958,218 shares for a total of $130.2 million under the 2021 Repurchase Program during fiscal year 2023[192] - The company reported a cumulative total return of 243.71 for its common stock from February 2, 2019, to February 3, 2024[68] Risk Factors - The company faces risks related to supply chain constraints that could adversely affect net sales and customer appeal[116] - The market price of the company's common stock may fluctuate significantly, influenced by various external factors[137] - A 100 basis point change in prevailing market rates would cause annual interest costs to change by approximately $7.2 million[237] Tax and Debt - The effective income tax rate from continuing operations rose to 28.8% in fiscal year 2023 from 25.5% in fiscal year 2022, driven by lower tax benefits from stock-based compensation[160] - Long-term debt decreased to $398,432 thousand as of February 3, 2024, down from $447,880 thousand, indicating a decline of approximately 11.0%[220] - The company amended the First Lien Term Loan to extend the maturity date to February 3, 2029, and reduced the applicable margin from SOFR plus 275 basis points to SOFR plus 200 basis points[229]

In this articleCRWDNKEBJIn this photo illustration, the CrowdStrike Holdings, Inc. logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesInvestors' worries about the prospect of higher-for-longer interest rates have made a comeback, pulling the major averages lower this past week.Even as markets seem turbulent for now, it's key for investors to keep a long-term focus and to find stocks that can offer attractive returns for years to come.With that in mind, here a ...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--BJ’s Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, is bringing egg-citing savings this year on Easter essentials, including fresh food, spring décor, apparel, paper goods and basket stuffers. Members will find unbeatable value on Easter essentials both in-club and online at BJs.com. Plus, members can earn additional savings when they stock up on practically anything between March 12 and March 31. When BJ’s members spend $150* in one transa ...

BJ’s Wholesale Club Holdings, Inc. (BJ) came up with its fourth-quarter fiscal 2023 results, wherein the top line marginally fell short of the Zacks Consensus Estimate but improved from the year-ago period. Conversely, the company’s bottom line managed to surpass the consensus estimate and registered a year-over-year increase. Additionally, BJ’s Wholesale Club’s comparable club sales, excluding gasoline sales, also showcased decent growth.Q4 InsightsBJ’s Wholesale Club reported adjusted earnings of $1.11 pe ...

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Q4 2023 Earnings Conference Call March 7, 2024 8:00 AM ET Company Participants Cathy Park - Investor Relations Bob Eddy - Chairman and Chief Executive Officer Laura Felice - Chief Financial Officer Bill Werner - Executive Vice President, Strategy and Development Conference Call Participants Robby Ohmes - Bank of America Simeon Gutman - Morgan Stanley Michael Baker - D.A. Davidson Oliver Chen - Cowen Ed Kelly - Wells Fargo Kate McShane - Goldman Sachs Operator Goo ...

For the quarter ended January 2024, BJ's Wholesale Club (BJ) reported revenue of $5.36 billion, up 8.7% over the same period last year. EPS came in at $1.11, compared to $1.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.37 billion, representing a surprise of -0.32%. The company delivered an EPS surprise of +4.72%, with the consensus EPS estimate being $1.06.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today that it plans to open its first club in Louisville, KY, located near the Jefferson Mall, in early 2025. The BJ’s Louisville club follows its expansion into Tennessee and Alabama in 2023. “ We are excited to offer our winning combination of value, convenience and assortment to families in Louisville,” said Bill Werner, Executive Vice President, Strategy and Development, BJ’ ...

This press release includes financial measures that are not calculated in accordance with GAAP, including adjusted net income, adjusted net income per diluted share ("adjusted EPS"), adjusted EBITDA, adjusted free cash flow, net debt and net debt to last twelve months ("LTM") adjusted EBITDA. We define net debt as total debt outstanding less cash and cash equivalents. We present adjusted free cash flow, which is not a recognized financial measure under GAAP, because we use it to report to our Board of Direc ...

Investors are always looking for stocks that are poised to beat at earnings season and BJ's Wholesale Club Holdings, Inc. (BJ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because BJ's Wholesale is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...