๐Ÿ‘€ Adding a 'Value" Play to our Watchlist

August 29, 2024

BJโ€™s is delivering convenience and value to loyal members.

The stock has pulled back over the last week after a strong earnings report but weak guidance. BJ reported the largest member count growth in a quarter since the pandemic. But it's own growth initiatives look to be its Achilles heel, impacting full year earnings.

As shares struggle to gain traction, we've got a close eye on this name.

BJโ€™s web traffic is trending higher as consumers discover a growing lineup of money-saving private label items and time-saving services. The Eastern U.S. warehouse club chain has found a winning lane between traditional grocers and Costco/Samโ€™s Club by accepting manufacturer coupons and offering smaller package sizes and a wider assortment of fresh foods.

Here's why we're adding this name to our watchlist:

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