BJ's Wholesale Stock Tumbles on Disappointing Guidance
BJBJ’s Wholesale Club (BJ) Investopedia·2024-08-23 00:45

Key TakeawaysBJ's Wholesale Holdings said full-year adjusted earnings per share could be at the low end of its forecast because of long-term investments.The retailer's selling, general, and administrative expenses increased 8% from a year ago.Adjusted earnings per share, revenue, net sales, and membership fees all exceeded analysts' estimates. BJ’s Wholesale Club (BJ) shares sank after the retailer gave soft guidance as it looks to invest more money into the business. BJ’s CFO Laura Felice said full-year ad ...