BJ’s stock falls after earnings beat as traders react to outlook
BJ's Wholesale Club Holdings shares dropped hard Friday as the market shrugged off the company’s earnings beat. Investors instead zeroed in on slow sales growth outside gasoline for the membership retailer. BJ's is getting weighed on more than just member traffic these days. While gas deals can help bring people to the parking lot, the stock reaction showed investors are looking for stronger proof those shoppers are spending more inside the stores.