BJ's Wholesale Club Holdings Inc (BJ)

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Why is BJ's Wholesale Club Holdings Inc (BJ) Stock down?

We've noticed a 5.05% decline in BJ's Wholesale Club Holdings Inc (BJ) stock during the 2024-03-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

17 Nov, 2023:

BJ's Wholesale Club Holdings Stock (BJ) dropped by 4.81% from $67.60 to $64.35 in the trading on Friday November 17, 2023. The reason why BJ stock down today is due to the revised sales outlook. The company refined its sales outlook for FY2023 amid shifting consumer behavior. The company expects FY2023 comparable club sales in the range of +1% to +1.8%, and an unchanged EPS outlook at $3.80 to $3.92 vs. the consensus of $3.85.

16 Nov, 2023:

BJ's Wholesale Club Holdings Inc (BJ) dropped by 5.36% from $71.43 to $67.60 in the trading on Thursday November 16, 2023. The reasons why BJ stock down today is due to the concerns over the earnings results to be released tomorrow.

BJ's reported revenues of $4.96 billion last quarter, down 2.7% year-over-year and missing analyst expectations by 4.1%.
The company's revenue miss extends a troubling trend, as BJ's has now failed to meet Wall Street's revenue targets three times in the past two years.
Performance among BJ's peers in the non-discretionary retail segment presents a mixed picture. Target's revenues declined 4.2% year-over-year, while Grocery Outlet reported a 9.3% revenue increase.