BJ's Wholesale (BJ) Stock Falls Despite Q2 Earnings Beat, Comps Growth

BJ's Wholesale Club Holdings, Inc. (BJ) came up with its second-quarter fiscal 2024 results, delivering strong performance as revenues and earnings surpassed the Zacks Consensus Estimate, with year-over-year improvements in both metrics. Additionally, the company's comparable club sales showed decent growth. Despite better-than-expected results, shares of the Marlborough, MA-based company dropped approximately 6.8% during the Aug 22 trading session. The company's cautious outlook primarily drove the market ...