. Like others, Kohl's experienced supply chain hurdles starting in 2020 when factories in Asia shut down to help slow the spread of Covid-19. Now, the company says increases to its number of truck drivers could be a cost headwind to earnings for the rest of this year.The warehouse retailer stock dropped nearly 4% after the company said the rest of 2021 remains difficult to forecast due to the pandemic impact.
BJ's Wholesale reported adjusted quarterly earnings of 72 cents per share, 15 cents above estimates, according to Refinitiv. Its revenue also beat estimates, but BJ's saw comparable store sales ex-fuel fall by 5%.Hormel shares jumped about 8% after posting better-than-expected first-quarter earning results. The food producer reported quarterly earnings of 42 cents per share, beating expectations by a penny per share, and revenue that topped analysts' projections.
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