BJs Wholesale Club Holdings Stock Price, News & Analysis

BJ's Wholesale Club announced the opening of its new location in Ross Township, PA on April 8, 2022. This marks the company's second club in Pittsburgh, increasing its total to 227 locations across the U.S. The club features a BJ's Gas station, offering low fuel prices and a Fuel Saver Program. The new club emphasizes customer convenience with options like curbside pickup and same-day delivery. BJ's is promoting a limited-time membership offer, including a digital gift card for new members. This expansion aligns with BJ's strategy to enhance its presence in the Eastern U.S.

BJ's Wholesale Club (NYSE: BJ) has launched its Same-Day Select program, enhancing its delivery service with two membership options: 12 deliveries for $55 or unlimited deliveries for $100 annually. This initiative follows successful testing over six months, aiming to offer convenience and savings to members. The service ensures members have access to in-club pricing and the ability to stack coupons, while maintaining a minimum order of $60 for eligibility. With 226 clubs across 17 states, BJ's emphasizes its commitment to providing value to its members.

BJ’s Wholesale Club has partnered with DoorDash to launch on-demand grocery delivery from 226 locations across 17 states, becoming the first wholesale club on the DoorDash marketplace. This collaboration allows both members and non-members to purchase a range of products, with members receiving special pricing. The service taps into the growing demand for convenient grocery delivery and aims to enhance customer reach. To celebrate, DoorDash is offering a 30% discount on orders over $100 from March 29 to April 12, 2022, while DashPass members can benefit from reduced delivery fees.

BJ's Wholesale Club (NYSE: BJ) is expanding with the opening of four new clubs in Warwick, R.I.; Lady Lake, Fla.; Canton, Mich.; and Greenburgh, N.Y. This marks the first phase of their 2022 development plans. The new locations will offer a wide selection of fresh foods, household essentials, and fashion items. Additionally, the Warwick club will function as an innovation lab for testing new assortments. Each new club is expected to create approximately 150 jobs, while the innovation lab will generate around 50 jobs.

BJ’s Wholesale Club (NYSE: BJ) reported strong financial results for fiscal 2021, with total comparable club sales up 8.8% in Q4. Excluding gasoline, the increase was 0.9%. Digital sales surged 19%, and EPS rose by 13% year-over-year to $0.78. Net sales reached $4.26 billion, a 10.4% increase from last year. The company announced plans to acquire four distribution centers from Burris Logistics, enhancing their supply chain. However, they anticipate flat EPS for fiscal 2022 amid inflationary pressures and economic uncertainties.

BJ's Wholesale Club, a prominent membership warehouse operator in the Eastern U.S., has appointed Catherine Park as vice president of investor relations, effective February 21, 2022. Park brings extensive experience from her previous role as executive director of investor relations at MGM Resorts and from her time at JPMorgan Chase. This appointment aims to enhance BJ's engagement with investors and support the leadership team in managing investor relations.

Currently, BJ's operates 226 clubs and 157 BJ's Gas locations across 17 states.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) announced it will release its fourth quarter fiscal 2021 financial results before the market opens on March 3, 2022. A conference call will follow at 8:30 a.m. ET to discuss the results. Interested participants can listen by dialing (844) 200-6205 in the U.S. or (929) 526-1599 internationally, using conference ID 442374. A replay of the call will be available for a week post-event. The company operates 226 clubs and 157 BJ's Gas® locations across 17 states.

BJ's Wholesale Club (NYSE: BJ) has announced an agreement to acquire four distribution centers and a private transportation fleet from Burris Logistics. This strategic move aims to bring BJ's perishable supply chain in-house, enhancing efficiency and supporting future growth as the company expands its club footprint and fresh food offerings. The acquisition, covering facilities in Rocky Hill, Orlando, Elkton, and Independence, has received approval from both companies' boards and is subject to regulatory approval, expected to close in Q2 2022.

BJ’s Wholesale Club (NYSE: BJ) is set to open a new location in Lansing, Michigan on January 28, 2022, bringing its total U.S. locations to 226. This club will feature a BJ's Gas station, marking the 157th gas station for the company, with 12 fueling positions available. The club includes various shopping options like curbside pickup and same-day delivery. Local shoppers can avail a Founding Member offer until January 27 for discounted memberships, including cash back incentives. The new store aims to enhance savings for local members.