BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Q3 2023 Earnings Call Transcript

Bob Eddy: Look, Mark, I think labor is always on our mind. Our team is obviously a critical component of what we do every day. They do a great job taking care of our members. As part of our mission, taking care of the families that depend on us, obviously, our team members or some of those families that depend on us. We pay great wages. We made huge investments over the past few years. With that said, we are fully staffed today. We’re seeing reduced turnover in the clubs, so that would tell me that we’re in the right neighborhood from a labor pricing perspective. There are certain pockets that are harder than others. But overall, I don’t see the need to make giant investments going forward. We will try to do the best thing to take care of our members by getting the team members that we need and take care of those team members so that they take care of our members. So we don’t anticipate it being a larger-than-normal structural headwind going forward.

Operator: Those are all the questions we have time for today. So I’ll turn the call over to Bob for closing remarks.

Bob Eddy: Wonderful. Thank you so much for being with us this morning. Thanks for your interest and your support of BJ’s Wholesale Club. Hope you all have a safe and happy holiday season, and we will talk to you soon. Thanks so much.

Operator: Thank you, everyone, for joining us today. This concludes our call, and you may now disconnect your lines.