BJs Wholesale Club Holdings, Inc. - BJ STOCK NEWS

BJ’s Wholesale Club reported its financial results for the first quarter of fiscal 2021, ending May 1, 2021. Net sales reached $3.78 billion, marking a 1.7% increase year-over-year. Membership fee income rose 8.6% to $86.39 million, while total revenues grew 1.9% to $3.87 billion. However, operating income fell 12.2% to $126.25 million, and net income decreased 14.8% to $81.58 million, resulting in an EPS of $0.59. The company refrained from offering detailed guidance for fiscal 2021 due to uncertainty in the market.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) will announce its first quarter fiscal 2021 financial results on May 20, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss performance.

To participate, call (877) 274-0290 in the U.S. or (647) 689-5405 outside the U.S., using conference ID 7581445. A telephonic replay will be available for a week post-call. The call will also be streamed live at investors.bjs.com, accessible for one year.

BJ’s Wholesale Club (NYSE: BJ) has introduced a new online shopping experience for BJ’s Optical, enabling customers to purchase sunglasses and prescription eyewear via Optical.BJs.com. The platform features a wide selection of frames, virtual try-on technology, and competitive pricing, with a Single Vision Complete Pair package starting at $99. This initiative reflects BJ’s commitment to member convenience, complementing its enhanced mobile app and improved shopping experiences, including contactless curbside pickup.

BJ’s Wholesale Club Holdings has appointed Bob Eddy as President and CEO, effective immediately, following the Board of Directors' decision. Eddy's extensive experience with the company since 2007 is expected to drive profitable growth. Laura Felice has been named CFO, succeeding Eddy, with a focus on financial oversight and growth initiatives. Additional appointments include Paul Cichocki as Chief Commercial Officer and Bill Werner as Executive Vice President, Strategy and Development. These leadership changes aim to strengthen the management team and accelerate growth for BJ’s.

BJ’s Wholesale Club (NYSE: BJ) announced the unexpected passing of President and CEO Lee Delaney due to presumed natural causes. The Board of Directors expressed their shock and condolences to Delaney's family. Bob Eddy, the Executive Vice President, has been appointed Interim CEO, effective immediately, and is recognized for his significant contributions since joining the company in 2007. The Board is confident in Eddy's leadership while they prepare to announce permanent leadership changes, relying on existing succession planning.

BJ’s Wholesale Club (NYSE: BJ) is offering substantial savings for Easter, highlighting fresh food, sweet treats, and spring essentials available in-store and online. Members can enjoy promotions such as contactless curbside pickup and same-day delivery. Popular products include Wellsley Farms Organic Baby Cut Carrots for $2.49 and Cadbury Mini Eggs for $11.99. BJ's will open on Easter Day, April 4, 2021, with special hours for seniors. The company continues to emphasize convenience and value, enhancing the shopping experience for members.

BJ’s Wholesale Club Holdings (NYSE: BJ) announced participation in two virtual investor conferences. Lee Delaney, President and CEO, and Robert W. Eddy, CFO, will present at the Bank of America Securities’ Virtual Consumer & Retail Technology Conference on March 9, 2021, at 12:30 PM ET. Eddy will also present at the UBS Global Consumer and Retail Virtual Conference on March 10, 2021, at 2:00 PM ET. Live audio webcasts will be accessible via the company's investor relations page, with archived replays available post-presentation.

BJ’s Wholesale Club (NYSE: BJ) announced that it now accepts EBT payments for SNAP-eligible items on BJs.com in Florida and North Carolina. Members can conveniently shop online for in-club and curbside pickup using EBT, enhancing their shopping flexibility. This initiative is part of the SNAP Online Purchasing Pilot, a collaboration with the USDA and Worldpay from FIS. BJ’s aims to offer essential products and fresh food at great value, reflecting its commitment to customer convenience.

BJ’s Wholesale Club reported strong financial results for the thirteen and fifty-two weeks ended January 30, 2021. Net sales grew by 13.7% year-over-year for Q4, reaching $3.86 billion, with total revenues up 13.7% to $3.95 billion. Full-year net sales increased by 17.1% to $15.10 billion. Membership fee income also rose by 11.0%. Operating income surged by 76.8% in Q4 and 82.4% for the fiscal year. However, the company refrained from offering formal guidance for FY 2021 due to ongoing market uncertainties stemming from the pandemic.