BJ’s Wholesale beats estimates for Q2 results and provides guidance for fiscal 2025; stocks down by Investing.com

Shares of BJ’s Wholesale Club (NYSE: ) fell more than 3% in premarket trading Thursday after the company provided light annual guidance for fiscal 2025.

For the second quarter of fiscal 2024, BJ reported earnings per share (EPS) of $1.09, beating analysts’ expectations of $1.01. The company generated revenue of $5.21 billion for the period, also topping the consensus estimate of $5.15 billion.

Membership fees rose to $113.1 million, marking a 9.1% year-over-year increase and beating estimates of $110.9 million.

Merchandise inventories rose slightly to $1.55 billion, up 0.4 percent year-on-year, but slightly below expectations of $1.59 billion.

Fiscal 2024 club comparable sales, excluding gasoline, are expected to rise 1% to 2% year-over-year, with strong traffic, unit growth and a robust perishables business likely to push results at the higher end of the range.

Merchandise gross margins are expected to remain roughly flat compared to the prior year.

Looking ahead, BJ estimates FY2025 EPS to be between $3.75 and $4.00, compared to the consensus estimate of $3.93.

“As we look ahead, we remain confident in our ability to drive long-term growth and shareholder value, driven by our continued focus on executing on our strategic priorities and delivering meaningful value to our members,” said Laura Felice, Executive Vice President and CEO of BJ’s Wholesale Club.