BJ's Wholesale Club's Growth Slows to a Crawl
Investors were cautiously optimistic heading into the third-quarter earnings report from BJ's Wholesale Club(NYSE: BJ). While the regional warehouse giant hadn't been posting growth as strong as rival Costco, its sales have been steadily rising in 2019 while profitability improves.
On Thursday, BJ's extended those positive trends into the second half of the year. However, its growth rate slowed enough that management decided it was prudent to lower their 2019 target.
More on that forecast in moment. But first let's take a look at BJ's latest operating trends.
Source Fool.com
