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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 23, 2024
Page
8
BJ’s Wholesale Club announces first quarter results with analysts expecting 83 cents per share on about 4.9 billion dollars in sales. The chain grew versus 2022 aided by an extra week in fiscal 2023. As of March, BJ’s runs 244 clubs and 175 BJ’s Gas locations in 20 states mainly in the eastern United States.
Ralph Lauren reports fourth quarter results as analysts look for about 1.67 dollars per share vs last year’s 0.90. Shares have surged 16 percent year to date and more than doubled since 2020. The Commerce Department will release April new home sales, with expectations of a decline from March.
Star stock indexes eased from record levels as investors weighed higher interest rate fears. The S&P 500 fell 0.3 percent and the Nasdaq declined 0.2 percent, erasing the previous day’s all time highs, while the Dow dropped 0.5 percent.
LuluLemon Athletica reports a 7.2 percent drop with a close at 299.63 after revealing the resignation of its chief product officer and plans to restructure product and brand teams. The announcement coincides with a $500 million reference in the notes.
Lawsuits allege Case Loudermill froze under crime scene tape as police halted him for moving slowly. He was handcuffed on a curb while witnesses photographed and posted online, later labeled an illegal alien and shooter. He received death threats despite no involvement in the shooting.
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