BJ’s Wholesale Club, founded in 1984, operates a membership-based warehouse club model primarily along the US East Coast, with roughly 260 clubs and a growing domestic presence across 21 states. In fiscal 2025, the company generated over $21 billion in revenue. BJ’s offers a value-oriented assortment skewed toward grocery, perishables, and consumables (72% of sales), general merchandise (11%), and gasoline (17%). Its business model is supported by recurring membership fee income and private-label brands such as Wellsley Farms and Berkley Jensen.

BJ's Wholesale Club Holdings owns BJ's Wholesale Club, which operates a chain of warehouse clubs in the Eastern U.S. BJ's positions itself between traditional grocery stores and warehouses like Sam's Club and Costco. It offers a wider range of items and smaller pack sizes than Costco and Sam's and prices that aim to be about 25% lower than grocery stores. The company posted total revenue of $21.5 billion in FY26, which ended on January 31, 2026. FY26 income from membership fees represented 2.3% of total revenue and 61% of operating income. The company sells name-brand merchandise and food to over 8 million members, who are small business owners and consumers. Based in Westborough, Massachusetts, the company also offers specialty services, including tire installation and optical services. At the end of fiscal 4Q26, the company operated 263 BJ's clubs and 199 gas stations in 21 states. More than half of the clubs are in four states: New York, Florida, Massachusetts, and New Jersey. About 23% of FY26 sales were generated in the New York City metro area (down from 25% in FY21 and FY20). Clubs range from 44,000 to 177,000 square feet. BJ's sells a relatively narrow assortment of approximately 7,000 SKUs, which it has discussed trimming to about 6,000 to improve inventory turnover. Groceries represented 72% of the company's FY26 net sales (71% in FY25, 70% in FY24, 67% in FY23, 71% in FY22); general merchandise and services accounted for 11% in FY26, FY25, and FY24, 12% in FY23, and 14% in FY22. Gasoline rose to 21% in FY23 from 15% in FY22 and 9% in FY21. Gas was 19% of sales in FY24, 18% in FY25, and 17% in FY26. A predecessor company, BJ's Wholesale Club, traded as a public company until it was acquired on September 30, 2011, by an investor group led by Leonard Green & Partners and CVC Capital. On July 2, 2018, the company again went public as BJ's Wholesale Club Holdings on the NYSE. CVC and Leonard Green held no shares when the company published its FY21 annual report. The company's fiscal year ends on the Saturday closest to January 31. The convention at Argus, Bloomberg, and other data service providers is to number the fiscal year based on the calendar year in which it ends. BJ's current fiscal will end on January 30, 2027. We thus call the current year FY27 while the company calls it FY26.

Thursday looked like a day of indecision until the early afternoon, when President Trump (again) called off strikes on Iran and said the U.S. will soon sign a deal with that country. Markets went ballistic, with crude oil tanking, Treasury bonds ripping, and stocks exploding - and with money flowing back into prior leaders, namely anything AI. After about 40 headlines that suggested a deal was close, the markets responded like the war in the Middle East is already over and that the Strait of Hormuz is already reopened.

BJ’s Wholesale Club, founded in 1984, operates a membership-based warehouse club model primarily along the US East Coast, with roughly 260 clubs and a growing domestic presence across 21 states. In fiscal 2025, the company generated over $21 billion in revenue. BJ’s offers a value-oriented assortment skewed toward grocery, perishables, and consumables (72% of sales), general merchandise (11%), and gasoline (17%). Its business model is supported by recurring membership fee income and private-label brands such as Wellsley Farms and Berkley Jensen.