BJ's Wholesale Club Holdings, I (BJ) concentration risks

The company's disclosed concentration profile is defined by a single geographic exposure: operations in the New York metropolitan area accounted for 23% of net sales in fiscal year 2025 — a low share by disclosed size with a structural character. The New York metropolitan area is the company's most significant disclosed regional concentration, representing roughly one-quarter of the top line, but the low share indicates that no single market region generates a critical portion of total sales. The structural nature of this exposure reflects the company's geographic footprint as a warehouse club operator with clubs clustered in densely populated northeastern corridors, where the New York metro market represents a natural anchor. Regional economic conditions, consumer spending trends, and competitive dynamics in the New York area would therefore disproportionately influence results at the margin relative to more dispersed geographic footprints. There are no disclosed customer, supplier, or product concentrations in the filing excerpts provided to compound this geographic picture. The disclosed risk profile is narrow: investors are primarily exposed to regional macro variability in a single metropolitan market at a low share, rather than to any counterparty-specific or product-specific concentration. The geographic exposure is well-understood within the company's club-based business model, and because it falls at the low end of the disclosed-size spectrum, it is unlikely to be the primary driver of variance in quarterly or annual results relative to other operational variables such as membership renewal rates and fuel profitability.

For the engine’s reasoning on BJ’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.