BJ's Wholesale Club Holdings Inc (NYSE:BJ)
$ 88.08 1.33 (1.53%) Market Cap: 11.68 Bil Enterprise Value: 14.29 Bil PE Ratio: 22.76 PB Ratio: 7.06 GF Score: 89/100

BJ's Wholesale Club Holdings Inc at Goldman Sachs Global Retailing Conference Transcript

Sep 04, 2019 / 05:40PM GMT
Release Date Price: $26.34 (+0.69%)
Katharine Amanda McShane;Christopher J. Baldwin
Goldman Sachs Group Inc., Research Division - Equity Analyst

Okay. Good afternoon. We're going to get started with our post-lunch session. We are happy to welcome to the stage BJ's management team, Chris Baldwin, CEO; and Bob Eddy, CFO. If you were just with me in the room earlier, I described the club model as one of the more enviable models in retail with its membership model, which allows them to offer the lowest prices and its treasure hunt experience, which drives traffic. BJ's differentiates itself from other club models by offering value focus or by offering to serve value focus middle income consumers. It offers less of the aspirational general merchandise assortment found at Costco and offers smaller pack sizes than the other club stores. BJ's just reported a strong comp in Q2 despite challenging weather trends and continues to expand margins. We're going to launch right into the fireside chat today. We'll open it up to the audience at about 10 minutes before the session ends. Chris and Bob, thanks for joining us today.

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