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Stockreport

BJ's Wholesale Club hikes membership fees for first time since 2018 [CBS News]

Walmart Inc. (WMT)  More Company Research Source: CBS News
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
BJ's will hike the cost of its basic membership plan by five bucks to $60, and raise its Club+ plan by $10 to $120, starting on Jan. 1, 2025, it said. The company said the higher fees will let it "invest in an even stronger value proposition for its 7.5 million member base, which continues to grow." The yearly fees are a profit center for the company, generating $115 million in income from a year ago, or up 8.4%. The move follows the same step by BJ's larger competitor Costco, which in September raised its basic membership fee to $65 from $60, its first increase since 2017. Sam's Club raised its fees in 2022. Based in Marlborough, Massachusetts, BJ's operates roughly 215 stores, mostly throughout the East Coast and Michigan. Shares of BJ's surged on Thursday after the retailer reported better-than-expected third quarter earnings. Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance. [Read more]
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Stockreport

BJ's Wholesale Club hikes membership fees for first time since 2018 [CBS News]

Walmart Inc.  (WMT) 
More Company Research Source: CBS News
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
BJ's will hike the cost of its basic membership plan by five bucks to $60, and raise its Club+ plan by $10 to $120, starting on Jan. 1, 2025, it said. The company said the higher fees will let it "invest in an even stronger value proposition for its 7.5 million member base, which continues to grow." The yearly fees are a profit center for the company, generating $115 million in income from a year ago, or up 8.4%. The move follows the same step by BJ's larger competitor Costco, which in September raised its basic membership fee to $65 from $60, its first increase since 2017. Sam's Club raised its fees in 2022. Based in Marlborough, Massachusetts, BJ's operates roughly 215 stores, mostly throughout the East Coast and Michigan. Shares of BJ's surged on Thursday after the retailer reported better-than-expected third quarter earnings. Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance. [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS