Retail Sector Analysis: Stock Market Earnings Report BJ's Wholesale Club

http://www.StockMarketFunding.com Retail Sector Analysis Stock Market Earnings Report BJ's Wholesale Club Reports Q2 (Jul) earnings of $0.67 per share, $0.06 worse than the Thomson Reuters consensus of $0.73 preannounced revs. Co issues guidance for FY11 sees EPS of $2.40-2.50

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BJ BJ's Wholesale misses by $0.06; lowers FY11 EPS and revs guidance (43.31 )


Reports Q2 (Jul) earnings of $0.67 per share, $0.06 worse than the Thomson Reuters consensus of $0.73; (preannounced revs). Co issues guidance for FY11, sees EPS of $2.40-2.50, prior guidance $2.58-2.68, vs. $2.68 Thomson Reuters consensus; sees FY11 revs growth of 8-10% (which calc to ~$11.0-11.2 bln vs. $11.1 bln Thomson Reuters consensus), prior guidance was for growth of 9.2-11.2%. Co sees full year increase in comparable club sales of 4.0-6.0% (unchanged from prior guidance), including a contribution from gasoline sales of 0.5% to 2.5%. Merchandise comparable club sales excluding gasoline are expected to increase 2.5-4.5% (prior guidance was increase 2.7-4.7%).

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