Apr. 8 at 1:28 PM
$BJ Why Are We Hesitant About BJ?
Lagging same-store sales over the past two years suggest it might have to change its pricing and marketing strategy to stimulate demand
Commoditized inventory, bad unit economics, and high competition are reflected in its low gross margin of 18.5%
Subpar operating margin of 3.8% constrains its ability to invest in process improvements or effectively respond to new competitive threats
