Analyst Consensus ?
ConsensusHold27 ratings
Bullish1348.2%
Neutral1348.1%
Bearish13.7%
BJ's Wholesale Club Holdings, Inc. · BJ · FY2024 Q3 · Calendar Q4 2024
BJ's raises FY2024 outlook as membership and digital sales grow
BJ's current transcript supports a constructive operating picture: membership growth, digital commerce, fresh initiatives and club expansion are supporting demand, while the key counterweights are margin dilution, higher SG&A, pre-opening costs and membership-renewal risk. The evidence supports monitoring execution and profitability rather than assuming growth will translate directly into near-term earnings.
Reported Before market openNYSEConsumer Defensive
$13.00B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.91
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $5.10B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.3%
Event window
SPY move
+0.5%
Same window
Abnormal move
+7.7%
Stock minus SPY
Volume
5.0×
Versus trailing sessions
Subsequent drift
+1.1%
Up to 20 sessions
BJSPY benchmark
Ask FN2 about BJ FY2024 Q3
Transcript, numbers and history already loaded
What drove BJ's +8.3% move after FY2024 Q3 earnings?What changed in BJ's guidance and outlook in FY2024 Q3?Give me the bull and bear case for BJ after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis describes stronger membership and digital momentum, a first fee increase in seven years, raised FY2024 guidance, and a larger expansion and investment program. Compared with the prior quarter, the main change is a shift from maintained to raised guidance, alongside clearer commitments to AI-powered search, additional clubs, gas stations and a $1 billion repurchase authorization.
Guidance delta
Management guidance sentiment changed from maintained in the prior quarter to raised in the current quarter.
Key takeaways
- Membership reached 7.5 million, with membership-fee income up 8% year over year.
- Comparable club sales rose 3.8% and digital sales increased 30% year over year.
- Fresh perishables delivered double-digit comparable growth, while management continued investing in expansion and digital tools.
- Management raised FY2024 guidance and expects more than 250 clubs by year-end.
- A $1 billion share-repurchase program was approved, alongside continued real-estate expansion.
Management priorities
- Implement the January 1, 2025 membership-fee increase and reinvest proceeds in labor and value.
- Expand Fresh 2.0, private-label products, digital commerce and AI-powered search.
- Open additional clubs, expand gas stations and build toward more than 250 clubs.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$102.95Current
$35Low
$83.24Average
$121High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Aug 24, 2026 |
| Roth Capital | Neutral | Neutral | Maintain | Aug 24, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 24, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 24, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Aug 4, 2026 |
| Gordon Haskett | Buy | Hold | Upgrade | Jul 29, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 26, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 27, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 2, 2026 |
| Jefferies | Hold | Buy | Downgrade | Jan 28, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jan 15, 2026 |
| Barclays | Underweight | Equal Weight | Downgrade | Jan 7, 2026 |
| Baird | Outperform | Outperform | Maintain | Nov 24, 2025 |
| BTIG | Buy | Buy | Maintain | Nov 21, 2025 |
| Loop Capital | Hold | Hold | Maintain | May 23, 2025 |
| TD Cowen | Buy | Buy | Maintain | Dec 12, 2024 |
| Roth MKM | Neutral | Neutral | Maintain | Nov 25, 2024 |
| B of A Securities | Buy | Buy | Maintain | Aug 23, 2024 |
| Deutsche Bank | Hold | Buy | Downgrade | Nov 6, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 17, 2023 |
| MKM Partners | Neutral | Neutral | Maintain | Aug 19, 2022 |
| Argus Research | Hold | Hold | Maintain | Jul 19, 2021 |
| Nomura Instinet | Buy | Buy | Maintain | May 22, 2020 |
| Nomura | Buy | Buy | Maintain | May 22, 2020 |
| Bank of America | Buy | Buy | Maintain | May 22, 2020 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | May 19, 2020 |
| Oppenheimer | Perform | Perform | Maintain | Oct 18, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $102.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| D.A. Davidson | Michael Baker | $108 | $98.57 | +4.9% | Oct 8, 2026 |
| UBS | Mark Carden | $115 | $99.76 | +11.7% | Aug 24, 2026 |
| D.A. Davidson | Michael Baker | $105 | $95.01 | +2.0% | Aug 18, 2026 |
| UBS | Mark Carden | $109 | $84.12 | +5.9% | May 26, 2026 |
| D.A. Davidson | Michael Baker | $114 | $98.47 | +10.7% | Mar 5, 2026 |
| Morgan Stanley | Simeon Gutman | $105 | $91.61 | +2.0% | Nov 24, 2025 |
| Evercore ISI | Greg Melich | $95 | $91.61 | -7.7% | Nov 24, 2025 |
| UBS | Mark Carden | $135 | $104.6 | +31.1% | Aug 13, 2025 |
| Goldman Sachs | Kate McShane | $102 | $92.79 | -0.9% | Nov 21, 2024 |
| Loop Capital Markets | Laura Champine | $85 | $86.77 | -17.4% | Oct 14, 2024 |
| Argus Research | Gary Hovis | $68 | $83.36 | -33.9% | Aug 26, 2024 |
| HSBC | Stephen Bersey | $121 | $82.24 | +17.5% | Aug 23, 2024 |
| D.A. Davidson | Katy Hallberg | $95 | $83.2 | -7.7% | May 23, 2024 |
| D.A. Davidson | Katy Hallberg | $92 | $84.56 | -10.6% | May 23, 2024 |
| J.P. Morgan | Christopher Horvers | $62 | $80.49 | -39.8% | May 23, 2024 |
| Goldman Sachs | Kate McShane | $87 | $75.91 | -15.5% | Apr 8, 2024 |
| Citigroup | Analyst unavailable | $35 | $72.42 | -66.0% | Feb 7, 2023 |
| Piper Sandler | Nicole Miller | $45 | $65.84 | -56.3% | Feb 18, 2022 |
| Gordon Haskett Capital Corporation | Charles Grom | $72 | $62.16 | -30.1% | Feb 10, 2022 |
| Wells Fargo | Edward Kelly | $80 | $59.98 | -22.3% | Feb 7, 2022 |
| Citigroup | Paul Lejuez | $65 | $57.93 | -36.9% | Jan 28, 2022 |
| Morgan Stanley | Simeon Gutman | $65 | $59.99 | -36.9% | Jan 18, 2022 |
| J.P. Morgan | Christopher Horvers | $60 | $60.83 | -41.7% | Jan 14, 2022 |
| Goldman Sachs | Kate McShane | $78 | $65.82 | -24.2% | Dec 14, 2021 |
| Jefferies | Stephanie Wissink | $84 | $69.61 | -18.4% | Nov 19, 2021 |
| Bank of America Securities | Robert Ohmes | $78 | $69.61 | -24.2% | Nov 19, 2021 |
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Start freeCompany context
Snapshot as of publicationBJ's Wholesale Club Holdings, Inc., alongside its subsidiaries, manages a network of membership-based retail warehouses primarily located across the eastern United States. This enterprise provides a range of products including perishable goods, general merchandise, and gasoline, in addition to various supplementary services. Customers can acquire items through its dedicated websites—BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com—as well as via its mobile application. By June 10, 2022, the company's operational footprint extended to 229 warehouse clubs and 160 gas stations across 17 states. Originally incorporated as Beacon Holding Inc., the company rebranded to BJ's Wholesale Club Holdings, Inc. in February 2018. Established in 1984, its corporate headquarters are situated in Westborough, Massachusetts.
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:39:04.055137+00:00
- Polygon adjusted daily market bars · 2026-10-17T22:30:41.513132+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T22:30:41.510449+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.