BJ's Wholesale Stock Rises on Strong Q3 Profits, Membership Fee Hike

Key TakeawaysBJ's Wholesale Club shares rose Thursday after its third-quarter earnings beat estimates.The warehouse retailer also announced its first membership fee increase in seven years, and a new stock buyback plan.The fee increase follows a similar move from warehouse retail rival Costco that took effect in September, also the first in seven years. BJ's Wholesale Club (BJ) shares rose Thursday morning after the warehouse retailer reported better third-quarter earnings than expected despite sales fallin ...