BJ's Wholesale CEO: "We Are Not the Company We Were 6 Months Ago"
BJ's Wholesale (NYSE: BJ) has been a huge beneficiary of COVID-19-related changes in shopper behavior. The warehouse retailing giant is enjoying its best sales growth on record and appears to be winning market share from rivals like Walmart (NYSE: WMT) and Costco (NASDAQ: COST).
In a conference call with Wall Street investors, executives credited sweeping changes they made to the business in recent months, including racing into the online fulfillment game and adopting new sourcing strategies in areas like food and apparel.
Management couldn't provide an outlook for the next few months, but it did predict more aggressive adjustments to the business that could deliver solid returns for investors.
Source Fool.com
