Is BJ's Wholesale Club Stock a Buy?
BJ's Wholesale (NYSE: BJ) has long remained a struggling retailer overshadowed by larger peers such as Costco and Walmart's Sam's Club.
However, it has seen a massive surge in sales amid the pandemic. This was again confirmed upon the release of the company's third-quarter earnings. Due to its dramatically improved financials, the stock has finally made itself worthy of investor consideration.
Admittedly, BJ's stock has not looked appealing in the recent past. Although founded at about the same time as Costco, BJ's has not seen as much growth as its West Coast-based peer. Costco covers nearly every U.S. state and operates warehouses on four continents. BJ's has remained primarily on the East Coast, so few people west of the Mississippi have likely set foot in a BJ's warehouse.
Source Fool.com
