BJ's Wholesale Club raises membership fees for the first time in 7 years [Yahoo! Finance]
BJ's Wholesale Club Holdings, Inc. (BJ)
Last bj's wholesale club holdings, inc. earnings: 3/5 06:45 am
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Source: Yahoo! Finance
Membership fee income rose 8.4% year over year in the third quarter, allowing BJ's to reach the 7.5-million-member milestone, the company said in announcing its third-quarter earnings.The warehouse retailer's membership base has grown 40% since 2018, and renewal rates have reached their highest point in company history. Warehouse club competitors Sam's Club and Costco raised membership fees over the last year. Wall Street responded positively to the earnings news, driving the stock price for the Marlborough, Mass.-based warehouse retailer up more than 10% by midday Thursday. “We've more than doubled the number of members in our premium tiers, and higher-tier membership penetration continues to grow,” said BJ's Wholesale Club Chairman and CEO Bob Eddy during the earnings call, according to a transcript from financial services site AlphaSense. Beginning Jan. 1, the base annual membership fee will rise by $5 to $60, while the Plus tier membership will increase by $10 to $120 and
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BJ
News
- BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) had its price target raised by analysts at Jefferies Financial Group Inc. from $105.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
- BJ's Wholesale Club (BJ) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why BJ's (BJ) Stock Is Trading Up Today [Yahoo! Finance]Yahoo! Finance
- Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ's Wholesale Club and more [CNBC]CNBC
- BJ's Wholesale Stock Rises on Strong Q3 Profits, Membership Fee Hike [Yahoo! Finance]Yahoo! Finance
BJ
Earnings
- 11/21/24 - Beat
BJ
Sec Filings
- 11/21/24 - Form SCHEDULE
- 11/21/24 - Form 8-K
- 11/20/24 - Form 3
- BJ's page on the SEC website