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 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider BJ's Wholesale Club (BJ) . This company, which is in the Zacks Consumer Services - Miscellaneous industry, shows potential for another earnings beat.This wholesale membership warehouse operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an av ...

BJ's Wholesale Club Holdings, Inc. (BJ) is likely to register an increase in the top line when it reports fourth-quarter fiscal 2023 results on Mar 7 before market open. The Zacks Consensus Estimate for revenues is pegged at $5,396 million, indicating growth of 9.5% from the prior-year reported figure.The bottom line of this operator of membership warehouse clubs is expected to increase year over year. The Zacks Consensus Estimate for fourth-quarter earnings per share has been stable at $1.06 over the past ...

MARLBOROUGH, Mass. & GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today that its club in Goodlettsville, Tennessee, will open on Friday, February 16, 2024. The club, located at 800 Rivergate Parkway in Goodlettsville, is BJ’s third club in Tennessee and 244th club in its footprint. This past year, BJ’s opened clubs in La Vergne and Mt. Juliet, during the club’s inauguration into the surrounding Nashville market. The clu ...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ), a leading operator of membership warehouse clubs, today announced that it will release financial results for the fourth quarter fiscal 2023 prior to the market open on Thursday, March 7, 2024 and will hold a conference call on the same day at 8:30 a.m. ET to discuss its financial performance. The live audio webcast of the call can be accessed under the “Events & Presentations” section of the company’s investor relations w ...

In the ever-evolving retail landscape, BJ's Wholesale Club Holdings, Inc. (BJ) stands as a testament to the significance of adaptability and innovation. Recognizing these as pivotal elements for success, the company has consistently expanded its membership base, elevated digital capabilities and pursued operational excellence, creating a foundation for enduring growth.BJ's Wholesale Club places a premium on delivering quality products at competitive prices, reinforcing its position in the industry. The stra ...

Key PointsAs consumer inflation and rate pressures are expected to subside in 2024, BJ’s mix of everyday staples and big ticket non-essentials could make it a retail stock winner.When BJ's reports for Q4 of 2023, Wall Street is projecting 10% and 6% year-over-year growth in revenue and EPS, respectively.On a trailing 12 months basis, $BJ is trading at 17x earnings - a huge discount compared to competitors Costco (47x) and Walmart (27x).5 stocks we like better than BJ's Wholesale ClubFrom footlong subs and c ...

MARLBOROUGH, Mass. & JOHNSON CITY, N.Y.--(BUSINESS WIRE)--BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today that its club in Johnson City, New York, will open on Friday, January 26, 2024. The club, located at 315 Reynolds Rd in Johnson City, is BJ’s 48th club in New York. BJ’s offers unmatched value on everyday essentials in a convenient one-stop shop. BJ’s members save on a wide range of items, including fresh foods, produce, full-service deli items, fresh ...

The accompanying notes are an integral part of the consolidated financial statements. The accompanying notes are an integral part of the condensed consolidated financial statements. The Company's accounting policies are set forth in the audited financial statements included in the Company's Annual Report on Form 10-K for fiscal year 2022. There have been no material changes to these accounting policies and no accounting pronouncements adopted that had a material impact on the Company's financial statements. ...

Financial Data and Key Metrics Changes - In Q3 2023, the company reported net sales of approximately $4.8 billion, reflecting a growth of nearly 3% year-over-year [10] - Adjusted EBITDA for the third quarter was $274.9 million, with adjusted EPS at $0.98, indicating sales and margin growth supported by strong membership and healthy fuel profits [29][122] - Membership fee income grew nearly 7% to approximately $106.1 million in Q3, with overall member counts increasing nearly 6% year-over-year [11][86] Business Line Data and Key Metrics Changes - Merchandise comparable sales, excluding gas sales, decreased by 0.1% year-over-year, but showed an increase of over 5% on a two-year stack [10] - General merchandise comps improved by almost 500 basis points over Q2 levels, with October showing an improvement of nearly 800 basis points [3][61] - Own brand sales penetration is on track to grow to 25% for the full year, with a goal of reaching 30% over time [8] Market Data and Key Metrics Changes - The gasoline business saw comp gallon growth of nearly 3% in Q3, contrasting with the industry, which experienced negative growth [11][120] - Digital comp sales grew by 16% in Q3, now comprising over 10% of total net merchandise sales [8][28] - The company gained market share in key categories, with overall consumer health remaining strong despite macroeconomic challenges [19][21] Company Strategy and Development Direction - The company is focused on enhancing its general merchandise offerings, which currently represent less than 15% of its business, with plans for significant growth in this area [6] - A member-centric approach is being emphasized, with strategies aimed at improving member loyalty and driving an unbeatable shopping experience [22][111] - The company is committed to maintaining its value proposition for members, especially in light of current economic conditions [14][77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth despite navigating high levels of uncertainty due to disinflation, geopolitics, and high interest rates [13][49] - The company is optimistic about capturing market share during the holiday season, even as members remain selective in discretionary spending [28][111] - Management highlighted the importance of maintaining a strong value proposition to attract and retain members [19][81] Other Important Information - The company plans to open five more clubs in Q4, bringing the total to nine new clubs for the fiscal year [26] - The company has invested in automation, with fully autonomous AI-powered robots expected to be in all clubs by the end of the month, enhancing operational efficiency [8] - The capital allocation strategy focuses on profitably growing the business while returning excess cash to shareholders through share repurchases [98] Q&A Session All Questions and Answers Question: What drove the acceleration in membership dollar growth? - Management noted that membership growth was stronger than expected, driven by effective market offers and quality memberships [92][109] Question: How does the company view the general merchandise category moving forward? - Management acknowledged that while general merchandise remains challenging, improvements in product assortment and pricing are expected to drive growth [104][111] Question: What are the expectations for labor costs in the coming quarters? - Management indicated that while labor is always a consideration, they do not foresee the need for significant investments in labor costs moving forward [82]