BJ's Wholesale Club Holdings Inc

NYSE:BJUnited States

Today

Show headlines and story abstract

• Sector Update: Consumer Stocks Slide in Afternoon Trading, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: RL, LYV, BJ
  01:50 PM EDT, 05/23/2024 (MT Newswires) -- Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.2%. In corporate news, the...

• DJ BJ's Wants Seasonal Biz To Round Out Broader Merchandise Strength -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: BJ
  
  1320 ET - BJ's Wholesale Club logged strong 1Q performances in three of its four major general merchandise categories and it's ready to see the one laggard, its seasonal business, get moving, CEO Bob Eddy says on a call with analysts. Momentum in its consumer electronics and apparel categories flowed from 4Q to 1Q, and its home business during 1Q "came alive for the first time in a long time," the CEO says. Relative weakness in the seasonal business has been largely weather-related and should start to abate now that warm weather is coming to the Northeast, Eddy says. (dean.seal@wsj.com)
  

• DJ BJ's Fee Income Growth Hit High-Water Mark In 1Q -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: BJ
  
  1311 ET - The timing of new club openings helped push BJ's Wholesale Club's membership fee income up 8.6% in 1Q, a high-water mark that executives aren't expecting the retailer to hit again this year given the cadence of remaining new openings, CFO Laura Felice says on a call with analysts. CEO Bob Eddy called the figure "pretty high" and says BJ's doesn't expect a repeat, but adds that the growth is slightly ahead of last year's trends and the company's own plan. He also says management hasn't given much consideration to a fee increase at this point. (dean.seal@wsj.com)
  

• DJ BJ's Rolling Out In-Store Product Finder On App -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: BJ
  
  1300 ET - BJ's Wholesale Club is rolling out a new function on its mobile app this month that allows users to locate products in-store, a move meant to make shopping in its massive warehouse clubs "a whole lot easier," CEO Bob Eddy says on a call with analysts. He says the locator function is one of several enhancements made possible by the company's autonomous inventory robots, which are driving labor efficiencies in BJ's digital order fulfillment process. (dean.seal@wsj.com)
  

• DJ BJ's Says Value Offerings Kept Traffic Flowing in 1Q -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: BJ
  
  1247 ET - BJ's was able to drive strong traffic in 1Q thanks to its compelling value proposition, both within its membership warehouse clubs and at its attached gas stations, CEO Bob Eddy says on a call with analysts. Comparable club sales were up 1.6%, and even when excluding gas sales, still increased 0.6%, keeping traffic trends in line with 4Q, Eddy says. The CEO calls out the company's value-oriented meat selection and improvements in its fresh food offerings last year as traffic drivers, and says BJ's gained share of the gasoline market even as the broader U.S. gasoline market receded, thanks in part to its fuel promos. Shares rise 2.4% to $82.46. (dean.seal@wsj.com)