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BJ's To Consumers: Bring It On
Thursday, November 20, 2008
Forbes -- If you're wondering where all the consumers have gone, look no further than BJ’s Wholesale Club.

The warehouse club reported earnings that beat the Street on Wednesday, citing increased store traffic and strength from its gasoline stations. The company also upped its forecast for full-year profit to $2.20 to $2.30 per share, up from its previous guidance of $2.10 to $2.20 per share. Analysts are expecting it to earn $2.22.

Shares of BJ’s Wholesale Club slid slightly, by 0.5%, or 15 cents, to close at $33.42 on Wednesday.


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JT
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Message Posted: 11/20/2008 10:06:13 AM  Ignore JT Report Abuse
Thursday, November 20, 2008
Forbes -- If you're wondering where all the consumers have gone, look no further than BJ’s Wholesale Club.

The warehouse club reported earnings that beat the Street on Wednesday, citing increased store traffic and strength from its gasoline stations. The company also upped its forecast for full-year profit to $2.20 to $2.30 per share, up from its previous guidance of $2.10 to $2.20 per share. Analysts are expecting it to earn $2.22.

Shares of BJ’s Wholesale Club slid slightly, by 0.5%, or 15 cents, to close at $33.42 on Wednesday.

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REPLIES (newest first)
fmfbgp
Veteran Author
Massachusetts

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Points:872,465
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Message Posted: 11/22/2008 3:13:58 PM  Ignore fmfbgp Report Abuse
http://www.bjs.com/
bigmaninarig
All-Star Author
Missouri

Posts:674
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Message Posted: 11/22/2008 6:19:58 AM  Ignore bigmaninarig Report Abuse
I'm just guessing that Sam's is bigger than BJ's.
cwgas
Rookie Author
Charlotte

Posts:43
Points:7,050
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Message Posted: 11/21/2008 7:13:08 PM  Ignore cwgas Report Abuse
Yes, BJ's is like Costco... I get gas at Costco when I am by there but prefer to cross the line to SC (4 miles away) when I am over there and get it even cheaper.
Bill313
Champion Author
Kansas City

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Points:770,015
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Message Posted: 11/21/2008 3:43:37 PM  Ignore Bill313 Report Abuse
one of the things that the economist suggest is that bulk buying can be a way to help cut the cost of food, etc.
hank1326
All-Star Author
Los Angeles

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Message Posted: 11/21/2008 3:14:31 PM  Ignore hank1326 Report Abuse
What's BJ's? Is it like Costco?
Don20
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Oklahoma City

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Message Posted: 11/21/2008 9:29:18 AM  Ignore Don20 Report Abuse
People want things on the economy side when money is tight.
pschotic
Rookie Author
California

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Message Posted: 11/21/2008 9:23:31 AM  Ignore pschotic Report Abuse
Let me be the first to say that if someone is giving BJ's to the consumers then I'd like to consume about 5 of them right now.
Sealer
Champion Author
Charleston

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Message Posted: 11/21/2008 9:23:22 AM  Ignore Sealer Report Abuse
People buy more "Wholoesale" or "discount" merchandise when the economy weakens.
tuck540
Rookie Author
Ohio

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Message Posted: 11/21/2008 9:21:22 AM  Ignore tuck540 Report Abuse
every consumer needs a BJ
DrakIII
Sophomore Author
San Diego

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Message Posted: 11/21/2008 9:20:06 AM  Ignore DrakIII Report Abuse
That good, Huh! LOL
spunky4443
Champion Author
Washington

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Message Posted: 11/21/2008 9:19:46 AM  Ignore spunky4443 Report Abuse
Never heard of BJ's.
SomeChick23
Sophomore Author
Edmonton

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Message Posted: 11/21/2008 9:19:29 AM  Ignore SomeChick23 Report Abuse
This place sounds slightly like out Real Canadian Superstore... but the Wholesale one... most products are iffy at best.
niceguytx
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Houston

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Message Posted: 11/21/2008 9:19:29 AM  Ignore niceguytx Report Abuse
I don't know much about them and have never seen one. I just heard of them today.
Nofries
All-Star Author
Atlanta

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Message Posted: 11/21/2008 9:18:29 AM  Ignore Nofries Report Abuse
BJ's is a wholesale club. Like a ghetto Sam's club or Costco.
JPGKC
Champion Author
Tampa

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Message Posted: 11/21/2008 9:18:21 AM  Ignore JPGKC Report Abuse
A wholesale club like Sam's and COSTCO on the east coast.
gashog4x4
Rookie Author
Arizona

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Message Posted: 11/21/2008 9:16:33 AM  Ignore gashog4x4 Report Abuse
Who the heck are BJ's?
Nofries
All-Star Author
Atlanta

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Message Posted: 11/21/2008 9:16:23 AM  Ignore Nofries Report Abuse
Our BJ's is awful. Check the dates on any bakery items - they are often past the "best by" date.
Used a credit card for a purchase a few years back and they had a system breach. A few months later I got a letter from my credit card company that they were issuing a new card. BJ's put out a convoluted, lame excuse, then never apologized.
Commuter81
Sophomore Author
Edmonton

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Message Posted: 11/21/2008 9:16:07 AM  Ignore Commuter81 Report Abuse
I need a BJ's!
Avalanchegirl
Veteran Author
Denver

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Message Posted: 11/21/2008 9:13:49 AM  Ignore Avalanchegirl Report Abuse
no bjs here either

[Edited by: Avalanchegirl at 11/21/2008 10:14:04 AM EST]
txholeyrocks
Champion Author
Austin

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Message Posted: 11/21/2008 9:13:06 AM  Ignore txholeyrocks Report Abuse
Bartbuzz that was a good one.
w4kh
Champion Author
Riverside

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Message Posted: 11/21/2008 9:13:05 AM  Ignore w4kh Report Abuse
No BJ's around here... Costco and Sam's seem to be busy, but I don't much like shopping and don't have stock in any retailer, so no data here
AZDaisy
Veteran Author
Arizona

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Message Posted: 11/21/2008 9:11:48 AM  Ignore AZDaisy Report Abuse
never heard of them
crispy63
Rookie Author
Missouri

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Message Posted: 11/21/2008 9:10:49 AM  Ignore crispy63 Report Abuse
Never heard of BJs.
Lizzylou
Champion Author
Stockton

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Message Posted: 11/21/2008 9:10:02 AM  Ignore Lizzylou Report Abuse
We don't have a BJ's here!
fapjr1942
Sophomore Author
New Jersey

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Message Posted: 11/21/2008 9:06:28 AM  Ignore fapjr1942 Report Abuse
Profit , profit , profit .
Zinnoil
Champion Author
Illinois

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Message Posted: 11/21/2008 9:06:19 AM  Ignore Zinnoil Report Abuse
Didn't know BJs was still in business.
BartBuzz
Veteran Author
Atlanta

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Message Posted: 11/21/2008 9:05:02 AM  Ignore BartBuzz Report Abuse
Maybe BJ's management needs to take over the big 3 automakers.
pschotic
Rookie Author
California

Posts:2
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Message Posted: 11/21/2008 9:04:06 AM  Ignore pschotic Report Abuse
I'D LIKE TO KNOW WHERE I LINE UP AT FOR MY BJ!
weenerdog
Champion Author
Detroit

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Message Posted: 11/21/2008 9:02:53 AM  Ignore weenerdog Report Abuse
I think I would have chosen another title for this article.
frede2
Champion Author
Texas

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Message Posted: 11/21/2008 9:00:39 AM  Ignore frede2 Report Abuse
a lot of the stores are already having Christmas sales.
keriheat
Rookie Author
Missouri

Posts:7
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Message Posted: 11/21/2008 9:00:26 AM  Ignore keriheat Report Abuse
Maybe we should start having tests on whether we read the whole article or not. Chill dude! This isn't a citizenship class. Who cares if someone is building points. With all the time on your hands maybe you could start a "Forum Nazi Department" and arrest those who don't meet your standards. Sheeeze!
FlyNFool
All-Star Author
South Carolina

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Message Posted: 11/21/2008 8:59:54 AM  Ignore FlyNFool Report Abuse
Time to buy the stock if you have any money left.
Lukus
Veteran Author
Halifax

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Message Posted: 11/21/2008 8:58:33 AM  Ignore Lukus Report Abuse
The big gas increase made people be aware of all prices and cut and save where they can. The mortgage crisis (rip off) (imagine giving mortgages to people that have no down payment and want $200-400,000 mortgage) has pset the economy.
cableman31
Champion Author
New York

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Message Posted: 11/21/2008 8:58:00 AM  Ignore cableman31 Report Abuse
Good to hear somebody is making money.
FawltyPawl
Champion Author
North Carolina

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Message Posted: 11/21/2008 8:57:56 AM  Ignore FawltyPawl Report Abuse
Still, it kinda sucks when you consider what the whole economy is having to go through to help fuel this little drop.
1998jimmy
Veteran Author
West Virginia

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Message Posted: 11/21/2008 8:52:55 AM  Ignore 1998jimmy Report Abuse
GOOD FOR BJ's
toyotaguy
Rookie Author
San Jose

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Message Posted: 11/21/2008 8:52:01 AM  Ignore toyotaguy Report Abuse
Costco here is doing a good job in keeping prices low.
pokey469
Veteran Author
Hamilton

Posts:262
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Message Posted: 11/21/2008 8:51:33 AM  Ignore pokey469 Report Abuse
It's been years since I crossed the border to shop there - miss it.
tonycmd
All-Star Author
Maryland

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Message Posted: 11/21/2008 8:50:14 AM  Ignore tonycmd Report Abuse
Bring It On
FieroGT
Champion Author
Twin Cities

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Message Posted: 11/21/2008 8:49:20 AM  Ignore FieroGT Report Abuse
Never heard of them. Don't think they are in MN.
FUELMAN723
Rookie Author
Indianapolis

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Message Posted: 11/21/2008 8:48:37 AM  Ignore FUELMAN723 Report Abuse
In trying times everyone loves a BJ
Candy7244
Rookie Author
Oklahoma City

Posts:88
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Message Posted: 11/21/2008 8:48:19 AM  Ignore Candy7244 Report Abuse
I think prices of gasoline, food, vechiles, insurance, taxes, tags, rent, houses for sale, restaunts, movies, utilities should all go down. Hey we should be able to get a 10,000 tax refund back for each person instead of the car dealers getting our tax money.
JuneP
Sophomore Author
Phoenix

Posts:136
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Message Posted: 11/21/2008 8:47:52 AM  Ignore JuneP Report Abuse
We had BJ's in Florida but not here in AZ. I'm happy with Costco, they have similar deals. Good job BJs!
Mazdaman7Q
Champion Author
South Carolina

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Message Posted: 11/21/2008 8:45:27 AM  Ignore Mazdaman7Q Report Abuse
Walmarts profits rose nearly 10%
bikechuck
Veteran Author
Indianapolis

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Message Posted: 11/21/2008 8:45:04 AM  Ignore bikechuck Report Abuse
People are looking for bargains, BJ's delivers.
TallSteve
All-Star Author
Dayton

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Message Posted: 11/21/2008 8:44:37 AM  Ignore TallSteve Report Abuse
Good for them!
BabyDeeTX
Sophomore Author
Texas

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Message Posted: 11/21/2008 8:44:24 AM  Ignore BabyDeeTX Report Abuse
okay
rerosales
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Corpus Christi

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Message Posted: 11/21/2008 8:43:36 AM  Ignore rerosales Report Abuse
Sales are up because consumers feel that the warehouse clubs offer the best prices per unit.
AC-302
Champion Author
Los Angeles

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Message Posted: 11/21/2008 8:42:53 AM  Ignore AC-302 Report Abuse
When they said BJ's I thought that it might depend on what the definition of "is" is.
Biogen
Veteran Author
Ventura

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Message Posted: 11/21/2008 8:42:50 AM  Ignore Biogen Report Abuse
Awesome
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