In This Article:
Joe Buglewicz / Bloomberg via Getty Images
Key Takeaways
-
BJ's Wholesale Club Holdings shares hit a record high Thursday on better-than-expected results and expansion plans.
-
The warehouse retailer posted profit, sales, and comparable club sales that all exceeded forecasts.
-
BJ's plans to add 25 to 30 new locations in the next two years, including in the Dallas-Fort Worth area.
Shares of BJ's Wholesale Club Holdings (BJ) traded at an all-time high Thursday as the warehouse retailer reported better-than-anticipated results on higher membership fees, and announced an expansion of its locations.
BJ's posted fourth-quarter adjusted earnings per share (EPS) of $0.93, with revenue falling 1.5% year-over-year to $5.28 billion. Membership fee income was up 8% to $117.0 million. Comparable club sales rose 4.0%. All four were above Visible Alpha forecasts.
CEO Bob Eddy credited the strong performance to "all-time high membership results."
Eddy added that BJ's was "also growing our footprint at pace to serve even more members." To that end, the company said it would be adding 25 to 30 new clubs over the next two fiscal years, including several "set for the Dallas-Fort Worth area starting in early 2026." Eddy explained that "economic expansion and a growing population make Texas a great fit for us."
In 2025, BJ's plans new stores in Delray Beach and Casselberry, Fla., Warner Robins, Ga., and Sevierville, Tenn.
BJ's Wholesale Club Holdings shares soared nearly 13% Thursday morning to a record $112.76. They have risen more than 55% in the last year.
TradingView
Read the original article on Investopedia