Why BJs Wholesale Club Stock Dropped This Week

BJs Wholesale Club (NYSE: BJ) stock underperformed the market this week, falling 11% compared to a 0.5% drop in the S&P 500 through Thursday trading, according to data provided by S&P Global Market Intelligence.

The warehouse retailer announced strong holiday season growth results on Thursday but warned of a tough selling environment over the next few quarters.

Comparable-store sales jumped 9% in the Q4 selling period that ended in late January, management said in a press release. That boost translates into a two-year gain of 22% and stacks up well against rivals like Walmart and Costco.

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Source Fool.com