Why BJ's Wholesale Is Falling 9% Today
BJ's Wholesale Club (NYSE: BJ) is tumbling 9% in morning trading Thursday after reporting earnings that beat estimates but failing to offer guidance for the next quarter or year because the future remains too uncertain.
Many retailers are reporting stronger earnings as consumers come back to stores. Online grocery sales, for example, were $8.4 billion in April, up 16% from last year, but still down from the $9.3 billion notched in March.
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Source Fool.com
