BJs Wholesale Club Holdings Stock Price, News & Analysis

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.

Citizens announced a partnership with BJ’s Wholesale Club to offer consumer financing through Citizens Pay. This service will allow BJ's members to finance large purchases such as televisions and appliances with low monthly payments. The launch will occur in Q1 2021 for online orders and expand to in-club purchases via the BJ’s Mobile App in Q2. Citizens Pay aims to enhance the shopping experience for consumers with easy financing options. Citizens has originated over $6.4 billion in loans since launching this program, serving more than 5 million accounts.

BJ’s Wholesale Club (NYSE: BJ) has opened its 150^th BJ’s Gas location in Newburgh, NY. This facility will provide regular, premium, and diesel fuels, allowing members to save time and money. To celebrate, BJ’s donated $5,000 to Meals on Wheels of Greater Newburgh. The new club, which opens on January 22, 2021, emphasizes low grocery prices and a comprehensive shopping experience, including a Gas Savings Program. Local shoppers are encouraged to take advantage of a limited-time membership offer before the grand opening.

BJ’s Wholesale Club (NYSE: BJ) announces the opening of its new location in Newburgh, N.Y., on January 22, 2021. This new club aims to deliver convenience and value to local consumers. BJ’s offers a range of shopping options including curbside pickup and same-day grocery delivery. The club will feature fresh foods, household essentials, and BJ's Gas® to provide savings on fuel. Enhanced safety protocols have been implemented to ensure a healthy environment for shoppers and staff. A Founding Member offer is available until the opening date for local shoppers.

BJ’s Wholesale Club Holdings reported strong financial results for the third quarter and first nine months of fiscal 2020. Net sales increased by 15.7% to $3.65 billion, and membership fee income rose by 11%. Operating income surged by 88.6% to $190.4 million, while net income saw a remarkable 122.9% growth to $122.8 million. Adjusted EPS climbed 124.4% to $0.92. Comparable club sales grew by 14.1%, driven by strategic investments in digital capabilities and market share gains. The company repurchased 1.2 million shares for $50 million during the quarter.

BJ’s Wholesale Club (NYSE: BJ) is enhancing its Thanksgiving offerings by providing members with a free Butterball turkey when purchasing four qualifying items through November 25, 2020. This year marks the first time the promotion is valid with curbside pickup, in-club pickup, and same-day delivery. The club emphasizes unbeatable savings on groceries and prepared foods, ensuring convenience for members. Additionally, BJ’s is hiring seasonal workers, offering competitive wages and a $200 sign-on bonus. The company continues to prioritize safety with enhanced sanitation measures.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) will release its financial results for Q3 fiscal 2020 before the market opens on November 19, 2020. A conference call to discuss the performance will occur at 8:30 AM ET on the same day. Investors can participate by dialing (877) 274-0290 in the U.S. or (647) 689-5405 internationally, referencing conference ID 1057008. The call will be available for replay and can also be accessed via a live audio webcast on the BJ's investor relations website.