2024-02-26 04:58:23 ET
Summary
- BJ's operates warehouse clubs in the United States, similar to Costco, but with a geographic focus on the East Coast.
- The company has achieved lower revenue growth than Costco, but a stronger margin trajectory makes up for the lower growth.
- BJ's stock trades at quite a low valuation when comparing to Costco. The stock also seems to have upside according to my DCF model.
BJ’s Wholesale Club Holdings ( BJ ) operates warehouse clubs in the United States. The company’s business model relies on customers’ club memberships, where customers get access to discounted items through the membership. As of Q3/FY2023, the company operates 238 stores, as told in the November investor presentation ....
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BJ's Wholesale Club: An Undervalued Alternative To Costco