Why BJs Wholesale Club Stock Dropped This Week
BJs Wholesale Club (NYSE: BJ) stock underperformed the market this week, falling 11% compared to a 0.5% drop in the S&P 500 through Thursday trading, according to data provided by S&P Global Market Intelligence.
The warehouse retailer announced strong holiday season growth results on Thursday but warned of a tough selling environment over the next few quarters.
Comparable-store sales jumped 9% in the Q4 selling period that ended in late January, management said in a press release. That boost translates into a two-year gain of 22% and stacks up well against rivals like Walmart and Costco.
Source Fool.com
