Retail Updates: BJ's Wholesale, DICK'S Sporting, Citi Trends, and mCloud Technologies Make Pre-Market Moves
- May 23rd, 2023
- 782 views
BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) has reported adjusted earnings per share (EPS) of $0.85 for the first quarter of fiscal 2023, in line with the consensus estimate. The company maintains an unchanged fiscal 2023 outlook, citing the continued strength of its grocery business and the gains in market share it has achieved.
In pre-market, $BJ is currently trading at $68.62, experiencing a decrease of $0.98 (-1.41%) prior to the market opening.
DICK'S Sporting Goods, Inc. (NYSE: DKS) has announced adjusted EPS of $3.40 for the first quarter of fiscal 2023, surpassing the consensus estimate of $3.18. The company reaffirms its fiscal 2023 outlook and expects full-year earnings per diluted share to fall within the range of $12.90 to $13.80.
$DKS is currently trading at $128.61 in pre-market, reflecting a $2.21 increase (+1.75%) before the market opens.
Citi Trends, Inc. (Nasdaq: CTRN) reported an adjusted loss of $0.66 per share for the first quarter of 2023, far worse than the consensus estimate loss of $0.30 per share.
In pre-market trading, $CTRN is currently valued at $17.51, experiencing a decrease of $0.52 (-2.88%) prior to the market opening.
mCloud Technologies Corp. (Nasdaq: MCLD) has provided an update from its Special Committee, which has been exploring strategic alternatives to enhance shareholder value. The Committee, with the assistance of ATB Capital Markets Inc. and Maxim Group LLC as financial advisors, has been evaluating various options. Currently, the Committee is focused on a potential acquisition of the company by a strategic partner. However, no further guidance on the nature or timing of the proposed transaction can be provided at this stage. The completion of the transaction or any successful outcome from the strategic process is not guaranteed.
In pre-market, $MCLD is currently trading at $0.56, reflecting a significant increase of $0.21 (+58.80%) following the announcement.
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