Core Insights - BJ's Wholesale Club Holdings, Inc. reported mixed third-quarter fiscal 2024 results, with revenues missing estimates but earnings exceeding expectations, both metrics showing year-over-year improvement supported by comparable club sales growth [1][4]. Financial Performance - Adjusted earnings per share were $1.18, surpassing the Zacks Consensus Estimate of 91 cents and increasing from $1.00 in the prior year [4]. - Total revenues reached $5,099.4 million, a 3.5% increase year-over-year, but fell short of the consensus estimate of $5,126 million. Net sales rose 3.4% to $4,984.4 million, while membership fee income increased by 8.4% to $115 million [5]. - Comparable club sales grew by 1.5% year-over-year, with a 3.8% increase when excluding gasoline sales, outperforming the estimate of a 2% increase. Digitally enabled comparable sales surged by 30% [6]. Membership and Shareholder Value - The company expanded its membership base to 7.5 million and announced its first membership fee increase in seven years, effective January 1, 2025, raising the annual fee by $5 to $60 and the Club+ membership by $10 to $120 [2][12]. - A new $1 billion share repurchase program was introduced, reflecting the company's commitment to enhancing shareholder value [2][11]. Operational Efficiency - Gross profit increased to $975.5 million from $902.5 million in the previous year, with the merchandise gross margin rate expanding by 20 basis points due to effective cost management [7]. - Operating income rose by 15.1% year-over-year to $229.4 million, and the operating margin improved by 50 basis points to 4.5%. Adjusted EBITDA increased by 13.5% to $308.3 million, with the adjusted EBITDA margin also expanding by 50 basis points to 6% [8]. Guidance and Future Outlook - The company raised its fiscal 2024 guidance, projecting fourth-quarter comparable club sales growth (excluding gasoline) between 2.5% and 3%, leading to full-year growth of 2.3% to 2.4% [13]. - Management expects fourth-quarter adjusted earnings per share to range between 78 cents and 88 cents, with full-year adjusted earnings projected between $3.90 and $4.00 per share, an upgrade from previous guidance [14].

DA Davidson analyst Michael Baker reiterated the Buy rating on BJ’s Wholesale Club Holdings, Inc. BJ, raising the price forecast to $110 from $95.Yesterday, the company reported third-quarter adjusted earnings per share of $1.18, beating the street view of 91 cents. Quarterly revenues of $5.10 billion were in line with the analyst consensus.BJ’s Wholesale Club expects fourth-quarter adjusted EPS to be between $0.78 and $0.88. For FY2024, adjusted EPS is forecasted at $3.90 – $4.00, up from previous guidance ...

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Cathy Park - IR Bob Eddy - Chairman & CEO Laura Felice - CFO Bill Werner - EVP, Strategy & Development Conference Call Participants Peter Benedict - Baird Robby Ohmes - Bank of America Edward Kelly - Wells Fargo Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Operator Welcome all and thank you for joining us for the BJ's Wholesale Club Q3 202 ...

Back in August, we told you to let BJ's Wholesale Club Holdings, Inc. (NYSE: BJ ) take a breather. We called it “healthy consolidation,” with a “long-term story [that] remains intact.” In addition, we said that “if the price dips into the $70s, it isMissed those gains? Come get moreWin with our playbook to advance your savings and retirement timeline by embracing a blended trading and investing approach at our one-stop shop.We activated our BLACK FRIDAY deal ahead of other services, so you can lock in our b ...

The cost of a BJ’s Wholesale Club membership will get pricier in January. The company plans to raise its standard membership for its warehouse stores to $60 per year and its premium Club+ membership to $120 beginning Jan. 1, BJ’s Wholesale said Thursday.Those hikes – the first in seven years – represent increases of $5 and $10, respectively, from the memberships’ current prices.  BJ'S WHOLESALE TO OPEN MORE LOCATIONS "Since the last membership fee increase, the Company has transformed its business with a re ...

Group 1: NVIDIA Earnings Report - NVIDIA (NVDA) reported extraordinary earnings, surpassing October '23 quarter revenues with October '24 quarter earnings, although shares faded on the print [1] Group 2: Economic Data Overview - The week has been relatively dormant for economic reports, with Weekly Jobless Claims and Philly Fed manufacturing numbers being the key highlights [2] - Jobless Claims showed a healthy labor market with 213K new claims last week, down from expectations of 220K and lower than the previous week's 217K [3] - Continuing Jobless Claims reached a three-year high of 1.908 million, up from 1.872 million the previous week, raising concerns about a potential softening labor market [4] Group 3: Demographic Impact on Jobless Claims - The discrepancy in jobless claims is attributed to older Baby Boomers retiring, leading to fewer new jobless claims, while longer-term claims persist [5] Group 4: Philly Fed Manufacturing Index - The Philly Fed index recorded a negative print of -5.5 in November, down from the expected +6.0 and the previous month's +10.3, indicating potential volatility in manufacturing data [6] Group 5: Q3 Earnings Reports - Deere & Co. (DE) reported strong Q3 earnings of $4.55 per share, beating expectations by 17%, with revenues of $9.28 billion, down from $13.8 billion year-over-year [7] - BJ's Wholesale (BJ) had mixed Q3 results, with earnings of $1.18 per share exceeding expectations by 29.67%, while revenues of $5.1 billion were slightly below consensus but up from $4.8 billion year-over-year [8]

Core Insights - BJ's Wholesale Club shares increased after reporting third-quarter earnings that exceeded expectations, despite sales falling slightly short of estimates [1][2] - The company announced its first membership fee increase in seven years and a new stock buyback plan [1][5] Financial Performance - BJ's reported $5.1 billion in revenue for the quarter, a 3% year-over-year increase, but just below the $5.11 billion forecasted by analysts [3] - Net income rose nearly 20% year-over-year to $155.75 million, surpassing the $124.09 million estimated by analysts [3] - Comparable store sales increased by 1.5%, slightly under the expected 1.6% [4] Membership Fee and Stock Buyback - Membership fees will rise to $60 and $120 for Club and Club+ memberships, respectively, effective January 1 [5] - A new $1 billion stock buyback program was approved, set to run through January 2029 [6] Future Guidance - The company raised its expected comparable sales growth for the full fiscal year to 2.3% to 2.4%, up from the previous range of 1% to 2% [7] - Full-year adjusted earnings per share (EPS) are projected to be between $3.90 and $4.00, an increase from the previous estimate of $3.75 to $4.00 [7] Market Reaction - Shares of BJ's rose over 6% to $91.42 in early trading following the announcements [8]

BJ's Wholesale Club (BJ) reported $5.1 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 5.8%. EPS of $1.18 for the same period compares to $0.98 a year ago.The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $5.13 billion. With the consensus EPS estimate being $0.91, the EPS surprise was +29.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

BJ's Wholesale Club Holdings Inc (NYSE:BJ) reported a profit beat for the third quarter, and raised its annual profit forecast. The warehouse retailer also revealed a $1 billion share buyback plan.Shares are 4.1% higher to trade at $89.24 at last check, on track to snap a three-day losing streak. Shares had been pulling back from their rally to their highest level since July, but the 50-day moving average kept those losses in check. In the last 12 months, BJ added 84.4%.Though short sellers are already hit ...

分组1 - BJ's Wholesale Club reported quarterly earnings of $1.18 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and up from $0.98 per share a year ago, representing an earnings surprise of 29.67% [1] - The company posted revenues of $5.1 billion for the quarter ended October 2024, which was a 0.52% miss against the Zacks Consensus Estimate, but an increase from $4.82 billion year-over-year [2] - BJ's shares have increased approximately 28.6% year-to-date, outperforming the S&P 500's gain of 24.1% [4] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.99 on revenues of $5.4 billion, and for the current fiscal year, it is $3.84 on revenues of $20.64 billion [8] - The Zacks Industry Rank for Consumer Services - Miscellaneous is in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - The estimate revisions trend for BJ's is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [7]