BJ's Wholesale Club Holdings, Inc. has emerged as one of the preferred destinations for shoppers when it comes to essentials and other items. The company’s focus on simplifying assortments, expanding own-brands portfolio, enhancing digital capabilities and providing value to customers has contributed to growth in membership signups and renewals. The company carries approximately 7,200 active stock keeping units. Notably, the company consistently offers 25% or more savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors.
Headquartered in Westborough, MA, the company operates warehouse clubs on the east coast of the United States. As of Jul 29, 2023, the company operated 238 warehouse clubs (ranging in size from 63,000-163,000 square feet) and 168 BJ's Gas stations in 18 states.
The company offers products under the following categories:
Perishables consist of meat, produce, dairy, bakery, deli and frozen products.
Edible grocery consists of packaged foods (including breakfast foods, salty snacks and candy) and beverages (including juices, water, beer, wine and liquor).
Non-edible grocery consists of detergents, disinfectants, paper products, beauty care, adult and baby care and pet foods.
General merchandise consists of small appliances, televisions, electronics, seasonal goods, gift cards and apparel.
The company’s private label products are sold under Wellsley Farms and Berkley Jensen brands. The company also sells products through websites — Bjs.com, BerkleyJensen.com, Wellsleyfarms.com, delivery.bjs.com — and mobile app.
The company provides significant value to its more than 6.5 million members. The annual membership fee for Club Card membership is $55, while the annual membership fee for BJ’s Club+ membership is $110.
(Note: Zacks identifies fiscal years by the month in which the fiscal year ends, while BJ identifies their fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by BJ, will refer to this same fiscal year as being the year before the same year, as identified by Zacks)