Falling Gas Prices Will Hurt Growth but BJ's Wholesale Club Is Still a Buy
Take out the impact from rising gasoline prices, and BJ's Wholesale Club's (NYSE: BJ) recent growth doesn't look nearly as strong. More than half of the warehouse giant's 22% sales spike through late July came from the boost in prices at the pump -- a trend that is currently reversing itself.
That slump will hurt sales growth in the second half of the year. But that's no reason to ignore the stock. BJ's business is firing on all cylinders right now, and that success is bound to generate solid returns for shareholders.
Let's take a closer look.
Source Fool.com
