BJs Wholesale Club Holdings, Inc. - BJ STOCK NEWS

BJ’s Wholesale Club Holdings (NYSE: BJ) announced the resignation of Tom Kingsbury from its Board of Directors, effective February 7, 2023. This decision follows Mr. Kingsbury's recent appointment as CEO of Kohl’s Corporation. He joined the board in February 2020 and served on the Compensation Committee. The Company expressed gratitude for his contributions and leadership during his tenure. BJ’s continues to explore opportunities for new board members to enhance governance, emphasizing skillset diversity. This transition aims to reinforce the Company's strategic priorities amidst ongoing growth.

BJ's Wholesale Club has announced the launch of the BJ's One™ Mastercard program in partnership with Capital One and Mastercard, set to begin on February 27, 2023. The program allows members to earn never-expiring rewards and enjoy savings at BJ's Gas. Cardholders can earn up to 5% back on purchases at BJ's and receive fuel discounts of 10¢ to 15¢ off per gallon at BJ's Gas. Additionally, BJ's is enhancing its membership program, rebranding it as the Club+ Card Membership, to include further benefits. The initiative aims to increase member satisfaction and strengthen BJ's competitive position in the retail space.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) announces the resignation of Judy Werthauser from its Board of Directors to pursue a new opportunity. Werthauser, a board member since November 2018, was the Chair of the Compensation Committee. The board plans to appoint Ken Parent as the new Chair of the Compensation Committee and Chris Peterson will join this committee. Werthauser expressed confidence in BJ’s leadership and their future success. The company continues to evaluate its board composition for effective governance. BJ’s operates 235 clubs and 164 gas locations across the Eastern United States.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) announced plans to release its fourth quarter fiscal 2022 financial results on March 9, 2023, before the market opens. The Company will also host an Investor Day at 8:30 am ET, where leaders will discuss the fourth quarter performance and provide insights into the long-term growth strategy and outlook. The event will be accessible via a live webcast, and materials will be available post-event. BJ’s operates 235 clubs and 164 BJ’s Gas locations across 18 states, focusing on delivering significant value through a diverse product assortment and enhanced omnichannel capabilities.

BJ's Wholesale Club announced the opening of its new location in Midlothian, Virginia, on December 9, 2022. This marks the company's 15th club in Virginia and brings the total number of clubs to 235 across the U.S. The new site will feature a BJ's Gas station and offer members everyday low fuel prices and a Fuel Saver Program. To celebrate the opening, BJ's is offering a limited-time membership deal, allowing shoppers to join at discounted rates valid until December 8, 2022.

BJ's Wholesale Club (NYSE: BJ) has launched BJ's Media Edge™, a retail media program in partnership with Microsoft PromoteIQ. This initiative aims to enhance brand engagement by providing a comprehensive advertising solution that leverages first-party data from 6.5 million members. Early adopters have reported significant returns on media investments. The program allows brands to access advanced analytics, targeted audience segments, and connect with members across various digital touchpoints. BJ's operates 234 clubs and emphasizes the importance of retail media in modern marketing.

BJ’s Wholesale Club Holdings reported strong third-quarter earnings for fiscal 2022, with total comparable club sales up 9.7% year-over-year. Membership fee income rose 8.7% to $99.5 million. Digitally enabled sales saw a remarkable 43.0% increase. Earnings per share advanced to $0.95, a 3.3% year-over-year growth. The company anticipates fiscal 2022 comparable club sales growth, excluding gasoline, between 5.0% and 5.5%, with EPS guidance adjusted to $3.70 to $3.80.

BJ's Wholesale Club is opening a new location in Wayne, New Jersey, on November 18, 2022. This marks the retailer's 24th club in the state and brings its total to 234 U.S. clubs. The new club features a BJ's Gas station, with fuel options including regular, premium, and diesel, set to open in December. Customers can benefit from a limited-time membership offer of $25 for a year, significantly lower than the regular price of $55. The club will provide various shopping options, including curbside pickup and same-day delivery.