BJ's Wholesale Reaches 250 Clubs With Latest Opening in Kentucky

Core Insights - BJ's Wholesale Club Holdings, Inc. is set to open its 250th club in Louisville, KY, on January 31, 2025, marking its first location in Kentucky and expanding its presence to the 21st state [1] - The company offers significant savings to members, with discounts of up to 25% off regular grocery prices and a risk-free shopping experience backed by a 100% money-back membership guarantee [2] - BJ's continues to enhance its omnichannel capabilities, resulting in an 8.4% year-over-year increase in membership fee income for Q3 of fiscal 2024, with total membership reaching 7.5 million, a 40% increase since 2018 [5] Membership and Sales Performance - BJ's comparable club sales (excluding gas) increased by 3.8% in the fiscal third quarter, driven by strong traffic, which contributed over 4 percentage points to this growth [6] - The company's digital transformation efforts have led to a 30% growth in digitally enabled comparable sales in the fiscal third quarter, supported by services like buy-online-pickup-in-club and curbside pickup [7] Stock Performance and Valuation - BJ's shares have gained 14% over the past three months, outperforming the industry and the S&P 500, which grew by 1% and 4.4%, respectively [8] - The stock is currently trading at a forward 12-month price-to-earnings ratio of 23.31, significantly above the industry average of 7.47, indicating a premium valuation [11]