BJ's Wholesale Club Shares Plunged 13% on Weak Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BJ'>BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) </a>shares closed more than 13% lower on Thursday following the company’s reported weak Q4 results, with revenue of $4.36 billion coming in slightly lower than the consensus estimate of $4.42 billion, driven by net sales of $4.26 billion (vs. Street’s $4.31 billion) and membership fee income of $94.3 million (vs. Street’s $92.3 million). Comparable store sales grew 0.9% compared to the consensus estimate of 4.8%.</p>
<p>Analysts at Berenberg Bank view the quarter as an underwhelming top-line result against heightened expectations that is not helped by the admitted uncertainty around the company’s 2022 guidance. </p>
<p>According to the analysts, the deceleration in two-year comp trends provides some oxygen to the bear case, which has been otherwise beaten down last year. The analysts see the current stock weakness as a buying opportunity.</p>

NYSE:BJ