BJ‘s Wholesale Club Holdings Inc (B.J.N): BJ Choosin‘ Texas – Takeaways from Our Dallas Store Visits

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BJ‘s Wholesale Club Holdings Inc (B.J.N): BJ Choosin‘ Texas – Takeaways from Our Dallas Store Visits

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23 Jul 2026 03:00:00 ET │ 15 pages

BJ's Wholesale Club Holdings Inc (BJ.N)

BJ Choosin' Texas – Takeaways from Our Dallas Store Visits

CITI'S TAKE

Buy We visited 3 of 4 recently opened BJ's locations in the Dallas Fort Worth

area. The visit was a solo trip earlier this week with no company Price (22 Jul 26 16:00) US$91.88

chaperone. Our first impression: great merchandise presentation, Target price US$100.00

prioritized customer service, and an inviting overall shopping experience. Expected share price return 8.8%

BJ is putting its best foot forward with these stores. The challenge will be Expected dividend yield 0.0%

building awareness, growing membership, and diverting existing shopping Expected total return 8.8%

trips. We got a firsthand look at BJ locations vs neighboring Costco,

Market Cap US$11,733M Walmart, Sam's Club, and local grocers like H-E-B. We came away with a

relatively unchanged view: BJ has a differentiated club experience vs.

traditional grocers (and slightly different appeal than Costco and Sam's

Club for select customers) that should succeed here. The timeline to Steven Zaccone, CFAAC

maturity may take longer since it's a completely new market to grow +1-212-816-7089

awareness and retention. We await more details on Texas progress on BJ's steven.zaccone@citi.com

2Q earnings call in August.

Ariana H Warden

+1-212-816-9450

Key Takeaways from BJ's Store Visits ariana.warden@citi.com

Consistent Store Format Experience - We visited BJ's stores in Fort Worth, Grand

Prairie, and Waxahachie stores and all looked the same. From the gas stations to

the member desk at the entrance to the checkout experience. Standardized format