BJ's Wholesale (BJ) Falls On Costo's Warning
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BJ's Wholesale (NYSE: BJ) is 9% lower this morning on the back of an earnings warning from larger rival Costco (Nasdaq: COST).
Costco said earnings per share for the fourth quarter are expected to be well below the current First Call consensus earnings per share estimate of $1.00. Costco said, "Factors negatively affecting our fourth quarter earnings outlook arise largely from inflation, particularly as to energy costs."
Both companies operates warehouse clubs in the US.
Costco said earnings per share for the fourth quarter are expected to be well below the current First Call consensus earnings per share estimate of $1.00. Costco said, "Factors negatively affecting our fourth quarter earnings outlook arise largely from inflation, particularly as to energy costs."
Both companies operates warehouse clubs in the US.
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