BJ's Wholesale Club (BJ)


Market Price (10/9/2026): $99.05 | Market Cap: $12.6 BilSector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

BJ's Wholesale Club (BJ)


Market Price (10/9/2026): $99.05
Market Cap: $12.6 Bil
Sector: Consumer Staples
Industry: Consumer Staples Merchandise Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 30%

Megatrend and thematic drivers
Megatrends include E-commerce & DTC Adoption, and E-commerce & Digital Retail. Themes include Online Grocery Platforms, Supply Chain Digitization, Show more.

Trading close to highs
Dist 52W High is -3.6%

Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -40%

Key risks
BJ key risks include [1] its fundamental dependence on membership fee income and member spending patterns.

0 Low stock price volatility
Vol 12M is 30%
1 Megatrend and thematic drivers
Megatrends include E-commerce & DTC Adoption, and E-commerce & Digital Retail. Themes include Online Grocery Platforms, Supply Chain Digitization, Show more.
2 Trading close to highs
Dist 52W High is -3.6%
3 Weak multi-year price returns
2Y Excs Rtn is -21%, 3Y Excs Rtn is -40%
4 Key risks
BJ key risks include [1] its fundamental dependence on membership fee income and member spending patterns.

BJ in ETFs

Weight = BJ's share of each fund

VTI0.02%
ITOT0.02%
IWB0.02%
IJH0.36%
VB0.14%
MDYV0.74%
IJJ0.74%
MDY0.35%
+16 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/8/2026

BJ's Wholesale Club (BJ) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance and Upgraded Outlook. BJ's Wholesale Club reported robust financial results for fiscal Q2 2026 (ended August 1, 2026), significantly surpassing analyst expectations. The company announced an adjusted earnings per share (EPS) of $1.36, beating the consensus estimate of $1.17 by $0.19. Additionally, revenue for the quarter reached $6.23 billion, a 15.7% increase year-over-year, exceeding analyst estimates of $5.97 billion. This strong performance prompted the company to raise its full-year adjusted EPS guidance.

2. Sustained Membership Growth and Enhanced Digital Engagement. The company demonstrated continued strength in its membership model, achieving a record 8.5 million members by the end of fiscal Q2 2026. Membership fee income increased by 9.9% year-over-year to $135.6 million. Furthermore, BJ's successful investments in its omnichannel capabilities led to a 30% increase in digitally enabled comparable sales, highlighting strong customer loyalty and effective integration of digital platforms.

Show more
Updated on 10/8/2026

BJ's Wholesale Club (BJ) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance and Upgraded Outlook. BJ's Wholesale Club reported robust financial results for fiscal Q2 2026 (ended August 1, 2026), significantly surpassing analyst expectations. The company announced an adjusted earnings per share (EPS) of $1.36, beating the consensus estimate of $1.17 by $0.19. Additionally, revenue for the quarter reached $6.23 billion, a 15.7% increase year-over-year, exceeding analyst estimates of $5.97 billion. This strong performance prompted the company to raise its full-year adjusted EPS guidance.

2. Sustained Membership Growth and Enhanced Digital Engagement. The company demonstrated continued strength in its membership model, achieving a record 8.5 million members by the end of fiscal Q2 2026. Membership fee income increased by 9.9% year-over-year to $135.6 million. Furthermore, BJ's successful investments in its omnichannel capabilities led to a 30% increase in digitally enabled comparable sales, highlighting strong customer loyalty and effective integration of digital platforms.

3. Strategic and Aggressive Club Expansion Initiatives. BJ's Wholesale Club is actively pursuing an expansion strategy, with plans to open a total of 12 new clubs in fiscal 2026. This includes successful launches in new markets, such as Texas, and continued growth in existing regions. Analysts have noted the potential for BJ's to further accelerate its club openings, with plans for 25 to 30 new locations in fiscal 2027 and 2028, reflecting a positive outlook on its growth trajectory and market share capture.

4. Effective Value Proposition Amidst Rising Inflation. In an environment where food at home prices rose 2.2% year-over-year in August, BJ's reinforced its value-driven model. The company implemented strategic pricing actions, such as a "42nd birthday event" in late September 2026, offering 42% off numerous essential items. This focus on providing significant savings resonated with members, particularly higher-income shoppers who are driving much of the company's comparable club sales growth (excluding gasoline, which rose 3.1% in fiscal Q2 2026).

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Stock Movement Drivers

Fundamental Drivers

The 13.6% change in BJ stock from 6/30/2026 to 10/8/2026 was primarily driven by a 7.9% change in the company's P/E Multiple.
(LTM values as of)630202610082026Change
Stock Price ($)87.2299.0413.6%
Change Contribution By: 
Total Revenues ($ Mil)21,96522,8123.9%
Net Income Margin (%)2.6%2.6%0.2%
P/E Multiple19.621.27.9%
Shares Outstanding (Mil)1291271.1%
Cumulative Contribution13.6%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/8/2026
ReturnCorrelation
BJ13.6% 
Market (SPY)3.6%-12.1%
Sector (XLP)0.4%59.6%

Fundamental Drivers

The 0.6% change in BJ stock from 3/31/2026 to 10/8/2026 was primarily driven by a 6.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610082026Change
Stock Price ($)98.4299.040.6%
Change Contribution By: 
Total Revenues ($ Mil)21,45722,8126.3%
Net Income Margin (%)2.7%2.6%-3.3%
P/E Multiple22.221.2-4.4%
Shares Outstanding (Mil)1301272.4%
Cumulative Contribution0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/8/2026
ReturnCorrelation
BJ0.6% 
Market (SPY)19.3%-22.4%
Sector (XLP)2.5%45.9%

Fundamental Drivers

The 6.2% change in BJ stock from 9/30/2025 to 10/8/2026 was primarily driven by a 9.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510082026Change
Stock Price ($)93.2599.046.2%
Change Contribution By: 
Total Revenues ($ Mil)20,91222,8129.1%
Net Income Margin (%)2.8%2.6%-5.9%
P/E Multiple21.221.2-0.2%
Shares Outstanding (Mil)1321273.6%
Cumulative Contribution6.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/8/2026
ReturnCorrelation
BJ6.2% 
Market (SPY)17.1%-15.2%
Sector (XLP)8.7%45.4%

Fundamental Drivers

The 38.8% change in BJ stock from 9/30/2023 to 10/8/2026 was primarily driven by a 17.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310082026Change
Stock Price ($)71.3799.0438.8%
Change Contribution By: 
Total Revenues ($ Mil)19,40222,81217.6%
Net Income Margin (%)2.6%2.6%-0.3%
P/E Multiple18.821.213.0%
Shares Outstanding (Mil)1331274.8%
Cumulative Contribution38.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/8/2026
ReturnCorrelation
BJ38.8% 
Market (SPY)87.3%1.4%
Sector (XLP)30.6%39.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BJ Return80%-1%1%34%1%7%157%
Peers Return41%-12%16%27%-2%7%91%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
BJ Win Rate75%50%67%58%50%60% 
Peers Win Rate67%47%63%55%55%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BJ Max Drawdown-22%-25%-22%-16%-27%-18% 
Peers Max Drawdown-18%-33%-17%-16%-25%-24% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: COST, WMT, TGT, KR, ACI. See BJ Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/8/2026 (YTD)

How Low Can It Go

EventBJS&P 500
2023 SVB Regional Banking Crisis
  % Loss-18.5%-6.7%
  % Gain to Breakeven22.7%7.1%
  Time to Breakeven265 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.4%-24.5%
  % Gain to Breakeven25.6%32.4%
  Time to Breakeven48 days427 days
2020 COVID-19 Crash
  % Loss-11.6%-33.7%
  % Gain to Breakeven13.1%50.9%
  Time to Breakeven6 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.4%-19.2%
  % Gain to Breakeven34.1%23.8%
  Time to Breakeven70 days105 days

Compare to COST, WMT, TGT, KR, ACI

In The Past

BJ's Wholesale Club's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBJS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-20.4%-24.5%
  % Gain to Breakeven25.6%32.4%
  Time to Breakeven48 days427 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.4%-19.2%
  % Gain to Breakeven34.1%23.8%
  Time to Breakeven70 days105 days

Compare to COST, WMT, TGT, KR, ACI

In The Past

BJ's Wholesale Club's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BJ's Wholesale Club (BJ)

BJ's Wholesale Club operates membership-based warehouse clubs primarily along the East Coast of the United States. The company's business model is centered on providing a wide array of products in bulk at competitive prices to its members. As of early 2022, BJ's maintained a significant presence with 226 warehouse clubs and 157 gasoline stations spread across 17 states.

The core offerings include a diverse range of products such as perishable goods (e.g., fresh groceries), general merchandise (e.g., electronics, home goods), and gasoline. In addition to these, BJ's provides various other ancillary services. Customers can access these products and services through its physical club locations and a robust digital presence, which includes BJs.com, BerkleyJensen.com, Wellsleyfarms.com, Delivery.bjs.com, and its dedicated mobile application.

AI Analysis | Feedback

It's like a **Costco** or **Sam's Club**, primarily serving the East Coast of the United States.

AI Analysis | Feedback

  • Perishable Goods: A variety of fresh and frozen food items and other goods with limited shelf life.
  • General Merchandise: A broad range of non-food products, including electronics, home goods, apparel, and health and beauty items.
  • Gasoline: Vehicle fuel provided at its dedicated gas locations.
  • Ancillary Services: Various supplementary services offered to members within its warehouse clubs.

AI Analysis | Feedback

BJ's Wholesale Club (symbol: BJ) primarily sells its products and services to individual consumers and small businesses through its membership-based warehouse club model.

The categories of customers that BJ's Wholesale Club serves include:

  1. Individual Consumers/Households: These are private individuals and families who purchase goods in bulk for personal and household consumption, including groceries, general merchandise, electronics, and gasoline. Membership is typically required for these purchases.
  2. Small Businesses/Entrepreneurs: BJ's caters to small business owners who purchase supplies, inventory, and equipment for their operations (e.g., restaurants, offices, convenience stores, caterers, resellers). BJ's often offers specific business memberships tailored to their needs.

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Bob Eddy, Chairman, President, and Chief Executive Officer

Mr. Eddy joined BJ's in 2007 as senior vice president, finance, and progressed to executive vice president and chief financial officer in 2011, then executive vice president, chief financial and administrative officer from 2018 to April 2021, when he became president and chief executive officer. He was appointed chairman of the board in June 2023. Before joining BJ's, he was a member of the audit and business advisory practice of PricewaterhouseCoopers LLP (PwC) in Boston and San Francisco from 1995 to 2007, serving retail and consumer products companies. Mr. Eddy played a pivotal role as Executive Vice President, Chief Financial and Administrative Officer during BJ's successful Initial Public Offering (IPO) in 2018. He currently chairs the board of directors and executive committee of the National Retail Federation and is a trustee of the Boston Children's Hospital Trust. He also became a director of Dick's Sporting Goods in September 2023.

Laura Felice, Executive Vice President, Chief Financial Officer

Ms. Felice was appointed Executive Vice President, Chief Financial Officer in April 2021. She began her tenure at BJ's in 2016 as Senior Vice President, Controller. Prior to BJ's, Ms. Felice worked at Clarks Americas, Inc., a shoe manufacturer and retailer, from 2008 to 2016, most recently as Senior Vice President of Finance. She also worked at PwC in Boston from 2003 to 2008. She is a Certified Public Accountant and serves on the board of directors of the Massachusetts Society of CPAs. Ms. Felice also serves as a board member of Broadstone Net Lease, LLC, on the Board of Advisors for the Boston Ballet, and is a board member of the National Retail Federation Foundation.

Paul Cichocki, Executive Vice President, Chief Commercial Officer

Mr. Cichocki has served as Executive Vice President, Chief Commercial Officer since April 2021. From April 2020 to April 2021, he held the role of Executive Vice President, Membership, Analytics and Business Transformation. Before joining BJ's in April 2020, Mr. Cichocki was a partner at Bain & Company, a management consulting firm, for over 20 years, where he advised clients across various industries, including retail, consumer products, financial services, and food and beverage. Prior to Bain, he was an operating manager at Frito-Lay, a division of PepsiCo., from 1991 to 1995.

Bill Werner, Executive Vice President, Strategy and Development

Mr. Werner has served as Executive Vice President, Strategy and Development since April 2021, where he is responsible for market expansion and key strategic initiatives. During his tenure at BJ's, he previously held roles including senior vice president, strategic planning and investor relations (2016-2021), senior vice president, finance (2013-2016), and vice president, accounting and financial reporting (2012-2013). Before joining BJ's in 2012, Mr. Werner was a director in the deals practice at PricewaterhouseCoopers LLP from 2007 to 2012.

Scott Schmadeke, Executive Vice President, Chief Operations Officer

Mr. Schmadeke was appointed Executive Vice President, Chief Operations Officer in November 2024, overseeing club operations, supply chain, and asset protection. Prior to joining BJ's, he held several key operations leadership positions in the retail and grocery industry, including roles at Albertson's Companies and Safeway, Inc.

AI Analysis | Feedback

BJ's Wholesale Club (symbol: BJ) faces several key business risks in its operations:

Key Business Risks for BJ's Wholesale Club

  1. Macroeconomic Factors and Consumer Spending: BJ's Wholesale Club's business is highly susceptible to broad economic conditions that influence consumer spending patterns. Factors such as inflation, unemployment rates, changes in disposable income, and alterations to government assistance programs (like the Supplemental Nutrition Assistance Program, or SNAP) can directly impact consumer purchasing power and habits, potentially leading to reduced sales and profitability for the company.
  2. Intense Competition: The retail industry, particularly the warehouse club segment, is highly competitive. BJ's faces significant competition from well-established players like Costco Wholesale Corporation and Sam's Club, which often possess greater financial and marketing resources. Additionally, competition from supermarkets, supercenters, and online retailers further intensifies the market, posing a threat to BJ's market share and potentially limiting its growth in existing regions due to market saturation.
  3. Supply Chain Disruptions and Dependence on Vendor Relationships: BJ's relies heavily on its vendor relationships and an efficient supply chain to provide merchandise at competitive prices. The company is vulnerable to global supply chain disruptions, including issues like tariffs, exchange rate fluctuations, and logistical challenges, which can lead to increased sourcing costs, inventory shortages, and negatively affect its ability to offer value to its members. Disruptions in these relationships or the supply chain could directly impact inventory levels and sales.

AI Analysis | Feedback

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AI Analysis | Feedback

For BJ's Wholesale Club, the addressable markets for their main products and services are as follows:

  • Perishable Goods: Null
  • General Merchandise: The North American General Merchandise Market is estimated to be between approximately $1.57 trillion and $1.76 trillion in 2026.
  • Gasoline: The USA gas station market was valued at $135 billion.
  • Warehouse Club (overall business model): The combined annual sales for major warehouse clubs in the U.S., including BJ's Wholesale Club, Costco, Sam's Club, and PriceSmart, is over $431 billion for fiscal year 2025.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for BJ's Wholesale Club (BJ) over the next 2-3 years: * Increased Membership and Membership Fee Income (MFI): BJ's Wholesale Club consistently highlights strong membership growth and high renewal rates as a key driver. The company reported a 7% increase in membership year-over-year in Q4 2025, with membership fee income rising by 10.9% in the same quarter. This growth in member accounts, including upgrades to premium tiers, directly contributes to a recurring revenue stream and fosters increased shopping frequency and spend within the clubs. * Expansion into New Markets and New Club Openings: The company plans to accelerate its club openings, including significant expansion efforts into new competitive markets like Texas, in 2026. This geographic expansion beyond its traditional East Coast stronghold is expected to drive revenue growth by reaching new customer bases and increasing its overall store footprint. BJ's is opening nine new stores in 2026. * Growth of Digital Sales and Enhanced Omnichannel Capabilities: BJ's is heavily investing in and seeing significant returns from its digital initiatives. Digitally enabled comparable sales grew 31% in Q4 2025, building on a two-year stacked growth of 57%. The continued adoption and enhancement of services such as buy-online-pickup-in-club (BOPIC), curbside delivery, and same-day delivery are expected to drive higher member engagement and spending, contributing significantly to overall sales growth. * Market Share Gains and Increased Traffic: BJ's has demonstrated consistent market share gains for 13 consecutive quarters and traffic growth for 16 consecutive quarters. This sustained ability to attract and retain shoppers indicates effective merchandising and value propositions that resonate with consumers, leading to increased transaction volumes and, consequently, higher revenue.

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Share Repurchases

  • BJ's Wholesale Club utilized its entire $500.0 million share repurchase program, initiated in fiscal 2021, by the fourth quarter of fiscal 2024 (ended February 1, 2025).
  • In fiscal 2024 (ended February 1, 2025), the company repurchased 2,181,885 shares of common stock, totaling $190.9 million.
  • In fiscal 2025 (ended February 1, 2026), the company repurchased 2.6 million shares for $252.4 million.
  • A new $1.0 billion share repurchase program was approved on November 18, 2024, set to expire in January 2029, with approximately $750 million remaining under this authorization at the end of fiscal 2025.

Capital Expenditures

  • Capital expenditures, reflecting net cash used in investing activities, were $589.6 million in fiscal year 2024 (ended February 1, 2025).
  • Capital expenditures increased to $702.3 million in fiscal year 2025 (ended February 1, 2026), primarily driven by investments in new clubs and expanded supply chain capabilities.
  • For fiscal year 2026, capital expenditures are anticipated to be approximately $800 million, with a primary focus on new club openings (25 to 30 new clubs over fiscal years 2025 and 2026), distribution network enhancements, and digital transformation initiatives.

Better Bets vs. BJ's Wholesale Club (BJ)

Peer Outperformance in Consumer Staples Merchandise Retail

BJ has outperformed 55% of its 11 Consumer Staples Merchandise Retail peers over 5Y. Among the peers that beat it are WMT and COST. Consumer Staples Merchandise Retail ranks 1st of 12 industries in Consumer Staples by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Consumer Staples Merchandise Retail constituents that BJ has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
50%
of 12 industry peers · 11.1% return
3Y
50%
of 12 industry peers · 42.6% return
5Y
55%
of 11 industry peers · 79.0% return
Consumer Staples Merchandise Retail peers with revenue growth within 4pp of BJ's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
BJ BJ's Wholesale Club 5.6% 21.2x 11.1%42.6%79.0% —
WMT Walmart 5.3% 39.8x 8.3%119.6%152.8% +74pp
COST Costco Wholesale 7.8% 45.6x 4.2%76.5%121.4% +42pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Staples sector, ranked by 5Y. Consumer Staples Merchandise Retail is BJ's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Consumer Staples Merchandise Retail ← 12 11.1%42.6%60.6% NGVC 215% · WMT 153% · VLGEA 138%
Food Retail 6 -7.8%55.4%33.2% CASY 247% · SFM 196% · KR 73%
Tobacco 6 -34.6%6.5%19.1% PM 165% · MO 124% · TPB 23%
Food Distributors 9 0.3%33.9%7.2% CHEF 225% · USFD 154% · ANDE 127%
Soft Drinks & Non-alcoholic Beverages 12 -6.1%-11.4%-0.7% COKE 396% · CCHGY 112% · MNST 96%
Brewers 3 -13.1%-28.6%-4.3% BUD 51% · TAP -4% · SAM -68%
Household Products 19 3.3%-6.7%-13.9% ACU 107% · IPAR 62% · CL 31%
Agricultural Products & Services 11 -18.4%-3.2%-16.7% ADM 50% · BG 46% · ALCO 20%
Personal Care Products 4 -0.1%1.2%-22.1% ELF 257% · PG 21% · COTY -65%
Packaged Foods & Meats 48 -27.9%-36.3%-41.9% MAMA 465% · LWAY 284% · SENEA 233%
Distillers & Vintners 5 -43.6%-57.8%-78.9% STZ -38% · BF-B -56% · MGPI -79%
Drug Retail 3 -27.9%-44.6%-94.5% HITI -57% · PETS -95% · SCNX -95%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BJCOSTWMTTGTKRACIMedian
NameBJ's Who.Costco W.Walmart Target Kroger Albertso. 
Mkt Price99.05947.91110.28154.8561.0012.34104.66
Mkt Cap12.6420.9877.270.437.06.153.7
Rev LTM22,812303,154735,840107,705149,32683,233128,516
Op Inc LTM89811,68532,2806,0232,0835574,053
FCF LTM3589,38213,5094,4562,3845643,420
FCF 3Y Avg3407,94913,0824,2232,1186323,170
CFO LTM1,11415,81742,9238,7236,7082,3417,716
CFO 3Y Avg97413,49738,4147,8906,2052,5327,048

Growth & Margins

BJCOSTWMTTGTKRACIMedian
NameBJ's Who.Costco W.Walmart Target Kroger Albertso. 
Rev Chg LTM9.1%10.1%6.2%2.0%1.6%2.7%4.5%
Rev Chg 3Y Avg5.6%7.8%5.3%-0.1%0.3%2.0%3.6%
Rev Chg Q15.7%11.1%5.9%5.3%2.0%0.2%5.6%
QoQ Delta Rev Chg LTM3.9%3.3%1.5%1.2%0.5%0.1%1.4%
Op Inc Chg LTM4.3%12.5%11.4%11.0%-46.9%-65.1%7.7%
Op Inc Chg 3Y Avg4.4%12.9%14.5%9.9%1.6%-30.6%7.1%
Op Mgn LTM3.9%3.9%4.4%5.6%1.4%0.7%3.9%
Op Mgn 3Y Avg4.0%3.8%4.3%5.5%2.3%1.7%3.9%
QoQ Delta Op Mgn LTM0.0%0.0%0.2%1.1%0.1%-0.2%0.0%
CFO/Rev LTM4.9%5.2%5.8%8.1%4.5%2.8%5.0%
CFO/Rev 3Y Avg4.5%4.8%5.5%7.4%4.2%3.1%4.7%
FCF/Rev LTM1.6%3.1%1.8%4.1%1.6%0.7%1.7%
FCF/Rev 3Y Avg1.6%2.8%1.9%3.9%1.4%0.8%1.7%

Valuation

BJCOSTWMTTGTKRACIMedian
NameBJ's Who.Costco W.Walmart Target Kroger Albertso. 
Mkt Cap12.6420.9877.270.437.06.153.7
P/S0.61.41.20.70.20.10.6
P/Op Inc14.036.027.211.717.711.015.9
P/EBIT14.734.027.711.618.510.516.6
P/E21.245.639.716.034.193.036.9
P/CFO11.326.620.48.15.52.69.7
Total Yield4.7%2.8%3.4%9.2%5.3%6.3%5.0%
Dividend Yield0.0%0.6%0.9%2.9%2.4%5.3%1.6%
FCF Yield 3Y Avg2.9%2.0%1.8%7.3%5.5%7.5%4.2%
D/E0.20.00.10.30.72.60.2
Net D/E0.2-0.00.10.20.62.50.2

Returns

BJCOSTWMTTGTKRACIMedian
NameBJ's Who.Costco W.Walmart Target Kroger Albertso. 
1M Rtn10.2%4.1%4.0%-4.8%6.6%1.6%4.1%
3M Rtn15.7%4.0%-1.5%18.0%2.6%-12.6%3.3%
6M Rtn5.8%-7.9%-14.2%27.0%-12.2%-27.6%-10.1%
12M Rtn11.1%4.2%8.1%78.3%-8.4%-25.8%6.1%
3Y Rtn42.6%76.5%119.1%63.4%46.2%-41.1%54.8%
1M Excs Rtn10.2%3.3%2.5%-3.4%6.4%2.4%2.9%
3M Excs Rtn10.0%1.1%-5.4%13.0%-1.0%-17.6%0.0%
6M Excs Rtn-8.0%-21.7%-28.0%13.2%-25.9%-41.4%-23.8%
12M Excs Rtn-5.5%-11.4%-7.9%64.8%-22.3%-40.8%-9.7%
3Y Excs Rtn-40.3%-9.0%31.2%-22.4%-35.7%-123.9%-29.0%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Retail club and other sales procured from clubs and distribution centers21,45720,50219,96919,315 
Gasoline and Other    2,446
General Merchandise and Services    2,283
Grocery    11,578
Membership fee income    361
Total21,45720,50219,96919,31516,667


Net Income by Segment
$ Mil202620252024
Retail club and other sales procured from clubs and distribution centers578534524
Total578534524


Price Behavior

Price Behavior
Market Price$99.04 
Market Cap ($ Bil)12.6 
First Trading Date06/28/2018 
Distance from 52W High-3.6% 
   50 Days200 Days
DMA Price$93.81$93.63
DMA Trendindeterminateup
Distance from DMA5.6%5.8%
 3M1YR
Volatility30.8%30.4%
Downside Capture-32.32-31.65
Upside Capture50.08-13.87
Correlation (SPY)-9.1%-14.6%
BJ Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.520.17-0.33-0.57-0.360.03
Up Beta-1.590.29-0.84-0.58-0.400.03
Down Beta-2.54-0.85-1.20-0.87-0.54-0.09
Up Capture121%3%12%-33%-15%3%
Bmk +ve Days6162766132424
Stock +ve Days12193058120368
Down Capture81%66%-19%-64%-45%11%
Bmk -ve Days16263760120328
Stock -ve Days9223367131381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJ
BJ10.2%30.4%0.33-
Sector ETF (XLP)9.0%14.6%0.3645.5%
Equity (SPY)16.7%13.0%0.91-15.0%
Gold (GLD)3.4%29.6%0.11-8.5%
Commodities (DBC)45.0%20.9%1.6710.0%
Real Estate (VNQ)2.8%13.7%-0.0514.4%
Bitcoin (BTCUSD)-31.7%44.2%-0.734.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJ
BJ12.3%32.4%0.40-
Sector ETF (XLP)6.6%13.7%0.2539.2%
Equity (SPY)14.0%17.1%0.6317.9%
Gold (GLD)18.2%18.9%0.780.2%
Commodities (DBC)10.3%19.6%0.404.7%
Real Estate (VNQ)1.3%18.8%-0.0421.0%
Bitcoin (BTCUSD)13.7%52.2%0.435.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJ
BJ16.1%36.9%0.59-
Sector ETF (XLP)7.4%14.9%0.3634.6%
Equity (SPY)15.4%17.9%0.7322.7%
Gold (GLD)11.6%16.4%0.580.6%
Commodities (DBC)8.3%18.1%0.376.2%
Real Estate (VNQ)4.2%20.7%0.1618.4%
Bitcoin (BTCUSD)63.6%66.2%1.032.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity9.8 Mil
Short Interest: % Change Since 83120267.2%
Average Daily Volume1.5 Mil
Days-to-Cover Short Interest6.4 days
Basic Shares Quantity127.2 Mil
Short % of Basic Shares7.7%

Earnings Returns History

Updated 9/24/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/21/20265.6%-0.9%1.1%
5/22/2026-8.2%-9.7%-8.8%
3/5/2026-1.5%-6.5%-1.9%
11/21/20251.1%-2.2%3.3%
8/22/2025-8.5%-8.8%-9.2%
5/22/2025-1.3%-5.5%-2.3%
3/6/202512.2%8.5%18.4%
11/21/20248.3%12.9%9.4%
...
SUMMARY STATS   
# Positive121014
# Negative121410
Median Positive6.4%7.7%8.8%
Median Negative-5.3%-6.7%-8.2%
Max Positive19.9%12.9%18.4%
Max Negative-13.2%-11.6%-12.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/21/20265.6%-0.9%1.1%
5/22/2026-8.2%-9.7%-8.8%
3/5/2026-1.5%-6.5%-1.9%
11/21/20251.1%-2.2%3.3%
8/22/2025-8.5%-8.8%-9.2%
5/22/2025-1.3%-5.5%-2.3%
3/6/202512.2%8.5%18.4%
11/21/20248.3%12.9%9.4%
8/22/2024-6.8%-5.8%-7.6%
5/23/20243.4%7.0%10.0%
3/7/20249.3%2.6%5.2%
11/17/2023-4.8%-2.0%-2.3%
8/22/2023-5.1%-7.2%5.6%
5/23/2023-7.3%-11.6%-10.8%
3/9/20232.4%2.0%1.5%
11/17/2022-5.6%-6.9%-12.7%
8/18/20227.2%3.7%13.5%
5/19/20227.4%3.0%8.5%
3/3/2022-13.2%-7.8%2.6%
11/18/202119.9%12.9%9.1%
8/19/20214.0%9.1%13.1%
5/20/2021-5.0%-7.9%-6.3%
3/4/2021-1.1%12.8%15.2%
11/19/20203.6%-2.7%-10.9%
SUMMARY STATS   
# Positive121014
# Negative121410
Median Positive6.4%7.7%8.8%
Median Negative-5.3%-6.7%-8.2%
Max Positive19.9%12.9%18.4%
Max Negative-13.2%-11.6%-12.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202608/25/202610-Q
04/30/202605/28/202610-Q
01/31/202603/12/202610-K
10/31/202511/26/202510-Q
07/31/202508/28/202510-Q
04/30/202505/29/202510-Q
01/31/202503/14/202510-K
10/31/202411/27/202410-Q
07/31/202408/29/202410-Q
04/30/202405/30/202410-Q
01/31/202403/18/202410-K
10/31/202311/22/202310-Q
07/31/202308/25/202310-Q
04/30/202305/26/202310-Q
01/31/202303/16/202310-K
10/31/202211/23/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202608/25/202610-Q
04/30/202605/28/202610-Q
01/31/202603/12/202610-K
10/31/202511/26/202510-Q
07/31/202508/28/202510-Q
04/30/202505/29/202510-Q
01/31/202503/14/202510-K
10/31/202411/27/202410-Q
07/31/202408/29/202410-Q
04/30/202405/30/202410-Q
01/31/202403/18/202410-K
10/31/202311/22/202310-Q
07/31/202308/25/202310-Q
04/30/202305/26/202310-Q
01/31/202303/16/202310-K
10/31/202211/23/202210-Q
07/31/202208/26/202210-Q
04/30/202205/27/202210-Q
01/31/202203/17/202210-K
10/31/202111/24/202110-Q
07/31/202108/26/202110-Q
04/30/202105/28/202110-Q
01/31/202103/19/202110-K
10/31/202011/25/202010-Q
07/31/202008/25/202010-Q
04/30/202005/29/202010-Q
01/31/202003/19/202010-K
10/31/201911/27/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/21/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable club sales growth (excluding gasoline)Reported2.0%2.5%3.0% 0.0%AffirmedGuidance: 2.5% for 2026
2026 Adjusted EPSReported4.64.74.84.4% RaisedGuidance: 4.5 for 2026
2026 Capital expendituresReported 800.00 Mil 0.0% AffirmedGuidance: 800.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/22/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable club sales growth, excluding gasolineReported2.0%2.5%3.0% 0.0%AffirmedGuidance: 2.5% for 2026
2026 Adjusted EPSReported4.44.54.60.0% AffirmedGuidance: 4.5 for 2026
2026 Capital expendituresReported 800.00 Mil 0.0% AffirmedGuidance: 800.00 Mil for 2026

Q4 2025 Earnings Reported 3/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable club sales growth (excluding gasoline)Reported2.0%2.5%3.0% 0.0%AffirmedGuidance: 2.5% for 2025
2026 Adjusted EPSReported4.44.54.63.4% RaisedGuidance: 4.35 for 2025
2026 Capital expendituresReported 800.00 Mil 0.0% AffirmedGuidance: 800.00 Mil for 2025

Q3 2025 Earnings Reported 11/21/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Comparable club sales, excluding gasoline sales, growthReported2.0%2.5%3.0% -0.2%LoweredGuidance: 2.75% for 2025
2025 Adjusted EPSReported4.34.354.41.8% RaisedGuidance: 4.28 for 2025
2025 Capital ExpendituresReported 800.00 Mil 0 AffirmedGuidance: 800.00 Mil for 2025

Insider Activity

Updated 10/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Morningstar, Timothy PierceEVP, Chief Growth OfficerDirectSell1002202694.094,856456,9013,191,909Form
2Werner, William CEVP, Strategy & DevelopmentDirectSell1002202695.003,000285,0004,765,200Form
3Eddy, Robert WPresident & CEODirectSell917202695.228,000761,75225,359,676Form
4McGrail, JosephSVP, ControllerDirectSell826202696.651,500144,9751,282,449Form
5Eddy, Robert WPresident & CEODirectSell8262026100.014,900490,04927,435,743Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Morningstar, Timothy PierceEVP, Chief Growth OfficerDirectSell1002202694.094,856456,9013,191,909Form
2Werner, William CEVP, Strategy & DevelopmentDirectSell1002202695.003,000285,0004,765,200Form
3Eddy, Robert WPresident & CEODirectSell917202695.228,000761,75225,359,676Form
4McGrail, JosephSVP, ControllerDirectSell826202696.651,500144,9751,282,449Form
5Eddy, Robert WPresident & CEODirectSell8262026100.014,900490,04927,435,743Form
6Eddy, Robert WPresident & CEODirectSell818202693.648,000749,15425,689,427Form
7Eddy, Robert WPresident & CEODirectSell7312026100.0273,0167,303,06028,238,647Form
8Eddy, Robert WPresident & CEODirectSell717202690.678,000725,37525,599,382Form
9Eddy, Robert WPresident & CEODirectSell617202690.418,000723,27626,248,590Form
10Schmadeke, ScottEVP, Chief Operations OfficerDirectSell612202692.1716,5001,520,8051,886,812Form
11Eddy, Robert WPresident & CEODirectSell519202696.128,000768,97528,676,051Form
12McGrail, JosephSVP, ControllerDirectSell417202691.192,050186,9401,346,785Form
13Eddy, Robert WPresident & CEODirectSell417202691.028,000728,13027,881,008Form
14Morningstar, Timothy PierceEVP, Chief Growth OfficerDirectSell414202693.197,436692,9613,613,908Form
15Morningstar, Timothy PierceEVP, Chief Growth OfficerDirectSell414202690.407,436672,2144,177,926Form
16Felice, Laura LEVP, Chief Financial OfficerDirectSell2192026104.958,400881,5808,403,766Form
17Werner, William CEVP, Strategy & DevelopmentDirectSell1209202591.097,000637,6304,599,863Form
18Eddy, Robert WPresident & CEODirectSell1105202589.7117,8981,605,59526,619,523Form
19Eddy, Robert WPresident & CEODirectSell1003202590.8717,9001,626,62728,591,651Form

Investor Activity (13F)

Updated Oct 9, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Walter Public Investments Inc.$17.8 Mil4.2%48TRIM -29.4%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Walter Public Investments Inc.$17.8 Mil4.2%48TRIM -29.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Walter Public Investments Inc.$17.8 Mil4.2%48TRIM -29.4%13F
Core Cache Last Updated: 10/8/2026