acf/offering-cards

DealMaker

Mode Mobile

Mode is disrupting the $1T+ smartphone market by turning smartphones into revenue streams for users. Join the EarnPhone revolution by investing in Deloitte’s #1 fastest-growing software company with 32,481% 3-year revenue growth, $60M+ in lifetime revenue, and partnerships with Best Buy, Walmart, Amazon, & Target.

Rad Intel

RAD Intel is an AI marketing intelligence platform that ensures brands engage in the right spaces before trends take off. More specifically, RAD’s AI-driven marketing intelligence platform helps brands predict what will work before it happens—identifying key topics, themes, content, and full campaigns.

Kingscrowd

Kingscrowd is building the Bloomberg data provider of the digital private markets. Our vision is to own the worlds private market data. 

Masterworks

Invest in multimillion dollar art by names like Banksy, Picasso, and Monet with shares

DA Davidson analyst Michael Baker reiterated the Buy rating on BJ&#8217;s Wholesale Club Holdings, Inc. BJ,<a target="_blank" href="https://www.benzinga.com/quote/BJ/analyst-ratings" rel="noreferrer noopener"> raising the price forecast to $110 from $95.</a>



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&#8217;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 for a low end of $3.75 – $4.00 and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">against the consensus estimate of $3.85.</a>



The analyst notes that BJ has had another strong quarter, showing improvements in key areas like membership, sales, and digital performance.



BJ&#8217;s Wholesale Club expects fourth quarter comparable club sales, excluding gasoline, to rise 2.5% &#8211; 3.0% year-over-year.



With plenty of room to grow its store base, BJ&#8217;s is positioned as one of the rare long-term square footage growth stories in the big-box retail sector. Recent successes also allow BJ&#8217;s to raise fees, which, while benefiting customers, will ultimately be advantageous for shareholders, the analyst writes.



The analyst highlights BJ&#8217;s strategy to compete with Costco Wholesale by focusing on differentiating itself, especially in the grocery and fresh produce areas.



BJ&#8217;s grocery sales make up 77% of its total, compared to Costco&#8217;s 54%. Per Bake, BJ&#8217;s aims to replace weekly grocery trips, while Costco is more about stock-up shopping.



Their &#8220;Fresh 2.0&#8221; program, launched 18 months ago, improves perishable and produce offerings through supply chain investments, better vendor relations, and enhanced in-store experiences.



The program has shown positive results, with strong produce sales and customers spending more, leading to significantly higher annual spending, the analyst adds.



Price Action: BJ shares are trading higher by 3.78% to $96.30 at last check Friday.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/24/11/42142422/nano-labs-15-whats-going-on" target="_blank" rel="noreferrer noopener">Chinese Fabless Integrated Circuit Company Nano Labs Stock Skyrockets With New V Series Launch: Details</a></li>
</ul>

Analyst Color

Equities

News

Price Target

Reiteration

Markets

Analyst Ratings

Trading Ideas

General

BJ's Wholesale raises FY2024 EPS guidance, boosts long-term growth potential with strong membership, sales, and Fresh 2.0 program results.

BJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance - BJ's Wholesale Club Hldgs (NYSE:BJ)

Nabaparna Bhattacharya

Costco Wholesale

BJ's Wholesale Club Hldgs

Briefs

Expert Ideas

Stories That Matter

COST

BJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance

BJ's Wholesale Club Holdings Inc

Costco Wholesale Corp

Application error: a client-side exception has occurred (see the browser console for more information).