Investors just received plenty of positive news about BJ's Wholesale Club's (NYSE: BJ) business. The company reported generally positive news around sales growth and market share in its Q1 earnings report, which covered the selling period through late April. Cost pressures are easing, potentially paving the way for faster earnings growth ahead.
Yet the stock fell in the immediate wake of the late-May report. BJ's shares are trailing the wider market so far in 2023 and have underperformed rival Costco Wholesale (NASDAQ: COST), as well. Does this drop represent an opportunity for investors to bulk up on this high-performing retailer?
BJ's executives said customer traffic was strong in Q1, translating into continued market-share gains. Investors have some hard data to back up those claims, too.
Source Fool.com