BJs Wholesale Club Holdings Stock Price, News & Analysis

BJ’s Wholesale Club Holdings has appointed Bob Eddy as President and CEO, effective immediately, following the Board of Directors' decision. Eddy's extensive experience with the company since 2007 is expected to drive profitable growth. Laura Felice has been named CFO, succeeding Eddy, with a focus on financial oversight and growth initiatives. Additional appointments include Paul Cichocki as Chief Commercial Officer and Bill Werner as Executive Vice President, Strategy and Development. These leadership changes aim to strengthen the management team and accelerate growth for BJ’s.

BJ’s Wholesale Club (NYSE: BJ) announced the unexpected passing of President and CEO Lee Delaney due to presumed natural causes. The Board of Directors expressed their shock and condolences to Delaney's family. Bob Eddy, the Executive Vice President, has been appointed Interim CEO, effective immediately, and is recognized for his significant contributions since joining the company in 2007. The Board is confident in Eddy's leadership while they prepare to announce permanent leadership changes, relying on existing succession planning.

BJ’s Wholesale Club (NYSE: BJ) is offering substantial savings for Easter, highlighting fresh food, sweet treats, and spring essentials available in-store and online. Members can enjoy promotions such as contactless curbside pickup and same-day delivery. Popular products include Wellsley Farms Organic Baby Cut Carrots for $2.49 and Cadbury Mini Eggs for $11.99. BJ's will open on Easter Day, April 4, 2021, with special hours for seniors. The company continues to emphasize convenience and value, enhancing the shopping experience for members.

BJ’s Wholesale Club Holdings (NYSE: BJ) announced participation in two virtual investor conferences. Lee Delaney, President and CEO, and Robert W. Eddy, CFO, will present at the Bank of America Securities’ Virtual Consumer & Retail Technology Conference on March 9, 2021, at 12:30 PM ET. Eddy will also present at the UBS Global Consumer and Retail Virtual Conference on March 10, 2021, at 2:00 PM ET. Live audio webcasts will be accessible via the company's investor relations page, with archived replays available post-presentation.

BJ’s Wholesale Club (NYSE: BJ) announced that it now accepts EBT payments for SNAP-eligible items on BJs.com in Florida and North Carolina. Members can conveniently shop online for in-club and curbside pickup using EBT, enhancing their shopping flexibility. This initiative is part of the SNAP Online Purchasing Pilot, a collaboration with the USDA and Worldpay from FIS. BJ’s aims to offer essential products and fresh food at great value, reflecting its commitment to customer convenience.

BJ’s Wholesale Club reported strong financial results for the thirteen and fifty-two weeks ended January 30, 2021. Net sales grew by 13.7% year-over-year for Q4, reaching $3.86 billion, with total revenues up 13.7% to $3.95 billion. Full-year net sales increased by 17.1% to $15.10 billion. Membership fee income also rose by 11.0%. Operating income surged by 76.8% in Q4 and 82.4% for the fiscal year. However, the company refrained from offering formal guidance for FY 2021 due to ongoing market uncertainties stemming from the pandemic.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) will release its financial results for Q4 fiscal 2020 on March 4, 2021, before market opening. A conference call discussing these results will take place at 8:30 a.m. ET the same day. Investors can join the call by dialing (877) 274-0290 within the U.S. or (647) 689-5405 internationally, using conference ID 1090677. A replay will be available for one week after the call. BJ's operates 221 clubs and 151 BJ's Gas® locations across 17 states, marking its presence as a prominent membership warehouse club in the Eastern U.S.

BJ’s Wholesale Club (NYSE: BJ) has opened a new location in Long Island City, New York, on January 29, 2021. This expansion aims to enhance convenience for local shoppers by offering a wide selection of fresh foods, household essentials, and diverse shopping options including curbside pickup and same-day grocery delivery. The club implements stringent health protocols such as enhanced cleaning, mask requirements, and social distancing measures. BJ’s continues to provide significant savings, claiming to offer 25% off grocery store prices compared to competitors.

CommerceHub has signed a three-year exclusive agreement with BJ's Wholesale Club (NYSE: BJ) to enhance online order fulfillment and delivery for its drop-ship program. As online order volumes rise, this partnership aims to improve supply chain efficiency and customer experience. BJ's has expanded its digital services, including curbside pickup and an improved website. The partnership is expected to further enhance BJ's digital presence and offer more convenience to members. CommerceHub connects retailers with suppliers to facilitate rapid delivery, achieving $30 billion in Gross Merchandise Value annually.