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BJ’s cuts guidance after strong Q3

MARLBOROUGH, Mass. —BJ’s Wholesale Club reported strong third quarter results driven by membership growth and traffic and margin improvement. Comparable-club sales, excluding gasoline sales, remained approximately flat year over year. But the company said its digitally enabled comparable sales growth was up 16% year over year. And membership fee income increased by 6.6% year over

BJs finishes fiscal year positioned for growth

MARLBOROUGH, Mass. — BJ’s Wholesale Club wrapped up fiscal 2022 with double-digit top- and bottom-line growth for both the year and the fourth quarter. The strong performance has positioned the company for further aggressive expansion in 2023. The membership warehouse club operator posted a 20.3% leap in full-year net income to $513.2 million on a

BJ’s reports strong third quarter sales and earnings growth

WESTBOROUGH, Mass. — BJ’s Wholesale Club reported strong sales results in the third quarter. Comparable-club sales (excluding gasoline) increased by 5.7%, reflecting a two-year stacked comp of 24.2%. Digitally enabled sales growth was 44%, reflecting two-year stacked comp growth of 244%. The company’s earnings per diluted share of 92 cents reflected a 4.5% year-over-year increase.

BJ’s plans to open six new clubs

BJ’s plans to open six new clubs

WESTBOROUGH, Mass. — BJ’s Wholesale Club said Thursday that it plans to open six new clubs this fiscal year. The newest clubs will be located in Seabrook, N.H., Port Charlotte, Fla., Commack, N.Y., South Fayette, Pa., Ross Township, Pa. and Lansing, Mich. The two Pennsylvania stores are located in greater Pittsburgh, which is a new

BJ’s reports record sales for Q4, year

BJ’s reports record sales for Q4, year

WESTBOROUGH, Mass. — BJ’s Wholesale Club Holdings Inc. on Thursday reported record sales for its fiscal fourth quarter and year. Comparable club sales, excluding gasoline sales, increased by 15.9%, including digitally-enabled sales growth of 168%, for the fourth quarter of fiscal 2020. Income from continuing operations increased 127.3% year-over-year to $95.9 million, for the 13-week

BJ’s expands buy online offerings

WESTBOROUGH, Mass. — BJ’s Wholesale Club is expanding its buy online, pick up in-club service to include fresh and frozen grocery items. BJ’s members can now order their weekly groceries on BJs.com or with the BJ’s app for curbside pickup or pick up in-club at any one of the company’s 219 locations. “We’re committed to

Delaney becomes president of BJ’s

WESTBOROUGH, Mass. — BJ’s Wholesale Club Inc. has promoted Lee Delaney to president. Delaney had been serving as the company’s chief commercial officer. He will continue to report to chairman and chief executive officer Christopher Baldwin, who relinquished the president’s title to Delaney last month. The warehouse club has been expanding into new markets and

BJ’s stock rises in wake of IPO

WESTBOROUGH, Mass. — BJ’s Wholesale Club Inc. stock closed last month more than 29% higher than its initial public offering price as the wholesaler returned to the public markets after seven years as a private company. The company’s stock closed at $22 a share, above the IPO price of $17 a share. Listed on the