NATICK, Mass. - BJ's Wholesale Club here said declining traffic, rising costs and narrow margins on gasoline contributed to a weak first-quarter performance.
The company reported a 17.2% decline in first-quarter net income, to $15.4 million, compared with year-ago results.
Separately, activist investor Carl Icahn has taken a 3.7% stake in the retailer, which was reported by SN earlier this year to be drawing the interest of private investors for a possible buyout. Icahn Manage