BJ’s stock moves lower as company cuts outlook

BJ’s Wholesale Club Inc. shares BJ, +0.62% were falling 2% in Tuesday’s premarket action after the retailer trimmed its full-year outlook amid macroeconomic pressure on its customers. The company recorded fiscal second-quarter net income of $131.3 million, or 97 cents a share, compared with $144.3 million, or $1.03 a share, in the year-earlier period. On an adjusted basis, BJ’s also earned 97 cents a share, down from $1.

“Our strong performance in the second quarter reflects our continued gains in membership, traffic and market share, driven by the great value that we provide our members every day,” Chief Executive Bob Eddy said. “We continue to balance gross margins with investments in value and in growing the size and quality of our membership with an eye toward the future.” For the full fiscal year, BJ’s now expects a 2% increase in comparable sales, excluding gasoline. The company also anticipates $3.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Netflix Inc. stock outperforms market on strong trading dayShares of Netflix Inc. inched 0.93% higher to $408.29 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Amazon.com Inc. stock outperforms market on strong trading dayShares of Amazon.com Inc. rallied 1.10% to $134.68 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Tesla Inc. stock rises Monday, outperforms marketShares of Tesla Inc. rose 7.33% to $231.28 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »