BJ's Wholesale Club's Q2 Earnings: Revenue And EPS Beat, Digital Sales Boost, Cautiously Hints At Lower End Of Annual EPS Outlook
Portfolio Pulse from Lekha Gupta
BJ's Wholesale Club reported strong Q2 earnings with revenue and EPS beating estimates. Despite positive digital sales growth, the company hinted at the lower end of its annual EPS outlook, causing shares to drop 7.3%.
August 22, 2024 | 12:11 pm
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BJ's Wholesale Club reported Q2 earnings with revenue and EPS beating estimates. Despite strong digital sales growth, the company hinted at the lower end of its annual EPS outlook, leading to a 7.3% drop in share price.
BJ's Wholesale Club's Q2 earnings report showed strong performance with revenue and EPS beating estimates. However, the cautious outlook on annual EPS, suggesting it may hit the lower end of the range, has led to a negative market reaction, causing a 7.3% drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Professionally Managed Portfolios Congress SMid Growth ETF includes BJ's Wholesale Club, which reported strong Q2 earnings but hinted at a lower annual EPS outlook.
CSMD ETF includes BJ's Wholesale Club, which reported strong Q2 earnings but hinted at a lower annual EPS outlook. This mixed news may have a neutral impact on the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Invesco Dorsey Wright Consumer Staples Momentum ETF provides exposure to BJ's Wholesale Club, which reported strong Q2 earnings but hinted at a lower annual EPS outlook.
PSL ETF includes BJ's Wholesale Club, which reported strong Q2 earnings but hinted at a lower annual EPS outlook. This mixed news may have a neutral impact on the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50