BJs Wholesale Club Holdings Stock Price, News & Analysis

BJ's Wholesale Club reported strong Q4 fiscal 2024 results with notable growth metrics. Comparable club sales increased 4.0% year-over-year, with a 4.6% increase excluding gasoline sales. Membership fee income grew 7.9% to $117.0 million, maintaining a 90% tenured member renewal rate.

The company achieved significant digital growth with digitally enabled comparable sales up 26.0%, reflecting a two-year stacked growth of 53.0%. Q4 earnings per diluted share reached $0.92, with adjusted EPS at $0.93.

For fiscal 2025 outlook, BJ's projects comparable club sales growth of 2.0% to 3.5% (excluding gasoline) and adjusted EPS between $4.10 and $4.30. The company announced a new $1.0 billion share repurchase program extending through January 2029.

BJ's Wholesale Club (NYSE: BJ) has announced the opening of its new location in Myrtle Beach, South Carolina on February 28, 2025. The club, situated at 136 Las Palmas Drive, will feature an on-site BJ's Gas location offering competitive fuel prices.

Members can expect savings of up to 25% off grocery store prices on various items including fresh foods, produce, deli items, bakery goods, household essentials, and more. The location will offer multiple shopping conveniences including curbside pick-up, in-club pick-up, and same-day delivery.

As part of its community commitment, BJ's is partnering with Lowcountry Food Bank, with the BJ's Charitable Foundation donating over $45,000 to support the Fresh Xpress program. This initiative will provide five Myrtle Beach pantry sites with monthly fresh produce distributions for a year, benefiting 1,000 families.

BJ's Wholesale Club (NYSE: BJ) announced the opening of a new club location in Brooksville, Florida, scheduled for February 21, 2025. The facility, located at 13085 Cortez Blvd., includes an on-site BJ's Gas station which opened on February 6. The new location offers members savings of up to 25% off grocery store prices on various products including fresh foods, produce, deli items, bakery goods, and household essentials.

The company is partnering with Feeding Tampa Bay to donate produce, meat, and dairy products weekly, continuing its 15-year collaboration with Feeding America that has provided over 125 million meals. Members can access multiple shopping options including curbside pickup, in-club pickup, and same-day delivery. New membership offers include The Club Card at $25 and The Club+ Card at $70 for one-year memberships, with the latter offering 5¢ off per gallon at BJ's Gas and 2% back in rewards on most purchases.

BJ's Wholesale Club (NYSE: BJ) has announced the implementation of Tap & Pay functionality across all 186 BJ's Gas locations in 21 states. This contactless payment feature allows members to pay for gas using their credit or debit cards' tap function or digital wallets like Apple Pay and Google Pay.

BJ's One Mastercard holders receive additional benefits, including a streamlined one-tap experience that processes both membership and payment simultaneously, plus savings of up to 15¢ off per gallon at BJ's Gas. This enhancement complements BJ's existing contactless shopping services, including ExpressPay, which enables members to scan items while shopping and pay through the BJ's mobile app.

The implementation of Tap & Pay technology is part of BJ's strategy to enhance security against consumer-based theft while providing members with a more convenient fueling experience.

BJ's Wholesale Club (NYSE: BJ) has awarded a $75,000 grant through BJ's Charitable Foundation to Feeding South Florida to support their School Pantry Program in Palm Beach County. The grant will fund food distribution during the 40-week school year for students and families experiencing food insecurity, along with covering equipment, shelving, signage, and administrative costs.

The initiative is part of BJ's long-term commitment to fighting hunger, having provided over 125 million meals through its 15-year partnership with Feeding America and its network of food banks. The West Palm Beach BJ's location, which opened on October 25th at 777 Executive Center Drive, regularly donates produce, meat, and dairy products to Feeding South Florida's food bank.

BJ's Wholesale Club (NYSE: BJ) announced plans to build its fourth ambient distribution center in Commercial Point, Ohio, expected to open in early 2027. The 500,000+ square-foot facility will support the company's expanding footprint, which includes eight clubs in Ohio. The company has demonstrated significant growth, opening more than 30 clubs in the past five years and increasing membership by over 35% to 7.5 million members.

The new facility will feature automated solutions from Swisslog, including automated pallet storage, case-handling equipment, and mixed-case pallet building for club-friendly replenishment. Located on a 125-acre site allowing future expansion, the distribution center will serve as a hub for ambient-temperature grocery and general merchandise items. VanTrust Real Estate is managing the development, having developed over 11.8 million square feet in Ohio since 2014.

BJ's Wholesale Club (NYSE: BJ) announced the opening of its 250th location in Louisville, Kentucky, marking its entry into its 21st state. The new club, located at 4807 Outer Loop near Jefferson Mall, will open on January 31, 2025, featuring an on-site BJ's Gas location.

Members can expect savings of up to 25% off grocery store prices on everyday essentials, fresh foods, produce, household items, and more. The company offers various shopping conveniences including curbside pickup, same-day delivery, and ExpressPay through their mobile app.

As part of its community commitment, BJ's is partnering with Dare to Care Food Bank, having granted over $57,000 to support its South Louisville mobile pantry program. New members can currently access exclusive offers, including a $40 welcome reward for The Club Card Membership ($55) or an $80 welcome reward for The Club+ Card Membership ($110).

BJ's Wholesale Club Holdings (NYSE: BJ) has announced it will release its fourth quarter fiscal 2024 financial results before the market opens on Thursday, March 6, 2025. The company will host a conference call at 8:30 a.m. ET on the same day to discuss its financial performance.

Investors can access the live audio webcast through the company's investor relations website under the 'Events & Presentations' section. The webcast replay will be available for one year. Participants can also join via phone by dialing (833) 470-1428 within the U.S. or +1 (929) 526-1599 internationally, using conference ID 359042.

BJ's Wholesale Club (NYSE: BJ) announced the opening of its fourth Tennessee location in Maryville, with the club opening on January 17, 2025, and its gas station opening on January 9. Located at 101 Foothills Mall Drive, the new club offers members savings of up to 25% off grocery store prices on various products including fresh foods, household essentials, and more.

The company is partnering with Second Harvest Food Bank of East Tennessee, providing weekly donations of unsold produce, meat, and dairy. BJ's Charitable Foundation has awarded a $50,000 grant to support the Food for Kids program, benefiting 500 Maryville area students.

New members can join with special offers: a $55 Club Card Membership with a $40 welcome reward, or a $110 Club+ Card Membership with an $80 welcome reward. Club+ members receive 5¢ off per gallon at BJ's Gas and earn 2% back in rewards on most purchases.