Trader Joe Joe’s Inc., the nation’s biggest grocery retailer, is celebrating its 100th anniversary with an event that could generate as much as $100 billion in sales.
The grocer’s annual Thanksgiving Day sale has grown to be one of the most lucrative in U.S. history, with the annual average selling at least 1,200 million shares, according to data compiled by Bloomberg.
The company sold more than 100 million shares at $13.49 on Thanksgiving morning.
Trader Joe also has an annual Thanksgiving sales figure that’s more than five times higher than any other retailer, said John Bostick, chief executive officer of the grocery giant.TJ’s will sell 1.9 million shares of the stock at $14.29 a share, the data showed.
Shares of TJ’s jumped more than 13 percent on Wednesday and were up more than 12 percent Thursday.
The stock has gained about 20 percent in the past year.TJC, which has grown rapidly in recent years, also has its biggest holiday season ever, with Thanksgiving Day sales reaching a record of more than one million shares.
The stock market is also booming.
Its annual average trading volume hit $5.4 billion in December, up 14.5 percent from a year earlier, according the Bloomberg Data Center.
The data center tracks stocks and indexes for about 300 countries, and it tracks a wide range of companies.TJs annual average for the year is now $4.85 billion, a 40 percent increase from a previous year, the Bloomberg data center showed.
Trader John’s Inc. (JNJ) had a bigger jump, with annual average revenue more than doubling to $7.75 billion from $1.1 billion.
TJ’s had a jump of 30.3 percent from the year before.
The index tracked by the Bloomberg Center for the Developing World tracks food and consumer goods.TJB and JNJ are both owned by private equity firms that have built successful businesses in the U.K., France, and Brazil.
TJs sales are up by an average of about 20.4 percent from year-earlier years.
Trader J’s has posted a profit in every year since 2009.TJP’s shares have risen more than 8 percent in 2017.