BJ’s stock falls after earnings beat as traders react to outlook
BJ’s Wholesale Club shares dropped over 8% to $86 Friday after quarterly results showed core comparable sales excluding gasoline rose just 1.5%, missing forecasts. Total revenue climbed 9.9% to $5.66 billion and net income slipped 4.7% to $142.7 million. Investors focused on weak in-club sales growth despite a quarterly earnings beat. The S&P 500 was up 0.6% in early afternoon trading.