Shares of BJ’s Wholesale Club Holdings Inc. took a dive Friday, after the membership-based warehouse retailer reported a surprise dip in fiscal third-quarter same-store sales and cut its full-year outlook, citing “shifts in consumer behavior” driven by the broader economic environment.
The miss in same-store sales, or sales from stores open more than a year, offset profit and revenue that beat expectations, which were fueled by “accelerating membership growth, robust traffic gains and continued increases in market share.”
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