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This tailwind has helped lift sales to new records for both Costco Wholesale (NASDAQ: COST) and smaller rival BJ's Wholesale Club (NYSE: BJ). Investors have assigned quite different valuations to the two companies, though, potentially making one a better buy right now. Thanks to a pair of late-May operating updates, investors have a clear picture of the growth trends for these businesses.
BJ's Wholesale (BJ) directs resources toward expanding digital and omnichannel capabilities to better engage with members and provide them with a convenient way to shop.
MARLBOROUGH, Mass. & LA VERGNE, Tenn., June 01, 2023--BJ's Wholesale Club (NYSE: BJ) ("BJ’s"), a leading operator of membership warehouse clubs, announced today that its newest club in La Vergne, Tennessee will open on Wednesday, June 14, 2023. The club, conveniently located twenty miles outside of downtown Nashville at 543 Industrial Boulevard, marks the first BJ’s Wholesale Club in the state of Tennessee. The retailer will now have a total of 238 U.S. clubs, expanding the company’s footprint t
The company reported generally positive news around sales growth and market share in its Q1 earnings report, which covered the selling period through late April. Cost pressures are easing, potentially paving the way for faster earnings growth ahead. BJ's shares are trailing the wider market so far in 2023 and have underperformed rival Costco Wholesale (NASDAQ: COST), as well.
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BJ's Wholesale Club (NYSE: BJ) shareholders lost ground to the market this week. The warehouse retailer's stock is now in negative territory for 2023, down 5% while the wider market is up 8%. BJ's weekly drop came as investors digested the company's Q1 earnings update.
Costco (COST) posted earnings Thursday after market close as consumers search for value offerings amid higher grocery prices and continue to move away from spending on big ticket items.
AI-powered robots named Roberta, iPads, Scan & Go, are just a few of the tech innovation's Walmart's Sam's Club is using to help its associates, and in turn help its customers. Are AI cooked hot dogs next?
BJ's Wholesale Club's (BJ) first-quarter results reflect growth in digitally-enabled sales. The metric surges 19% during the quarter.
Q1 2023 BJ's Wholesale Club Holdings Inc Earnings Call
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss the latest from the retail sector, including Lowe's stock rising on an earnings beat, the decline in BJ's Wholesale shares, and the state of the consumer amidst the current economic slowdown.
NEW YORK (Reuters) -Shares of U.S. mid-cap retailers mostly eased on Tuesday as the latest batch of quarterly results included reports from BJ's Wholesale Club Holdings and other companies that provided more disappointments for the industry. Shares of its bigger rival, Costco Wholesale, fell 1.4%. Costco has a current market value of about $215 billion compared with BJ's approximate $9 billion, per Refinitiv.
Good morning and thank you for joining BJ's Wholesale Club's first-quarter fiscal 2023 earnings conference call. On the call today are Bob Eddy, president and chief executive officer; Laura Felice, chief financial officer; and Bill Werner, executive vice president, strategy and development.
Wall Street indexes fell on Tuesday as talks over increasing the U.S. debt limit stretched to another round, keeping investors jittery on prospects of an unprecedented government default. White House and congressional Republican negotiators will meet again later in the day to discuss how to raise the $31.4 trillion debt ceiling, with just nine days left for the deadline. This comes after President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement about the debt ceiling in their meeting a day earlier, but vowed to keep talking.
BJ's Wholesale Club reported results Tuesday morning that disappointed. But in those results were signs of inflation moderating while consumers grow more cautious, a microcosm of the US economy in one corporate release.
BJ's (BJ) delivered earnings and revenue surprises of 1.19% and 1.85%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
MARLBOROUGH, Mass., May 23, 2023--BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended April 29, 2023.
Yahoo Finance Live anchors Akiko Fujita and Seana Smith break down Monday's top headlines, including Meta being fined $1.3 billion, Pfizer's weight loss study, and retailers set to report earnings on Tuesday.
Yahoo Finance Live previews the week in retail earnings ahead of reporting from retail giants such as BJ's, Dollar Tree, and Costco.
The debt ceiling debate in Washington will remain in focus as uncertainty has begun to weigh on markets.
BJ's Wholesale's (BJ) first-quarter results are likely to reflect the positive impact of better pricing, private-label offerings, merchandise initiatives and digital solutions.
Target showed a surprising drop in its online sales in the first quarter.
V.F. Corp's (VFC) Q4 results are expected to reflect gains from the Supreme buyout and other strategic actions. However, supply-chain headwinds and lower consumer spending are likely to have ailed.