By Denny Jacob
BJ's Wholesale Club saw fourth-quarter sales decline, but results exceeded Wall Street's estimates for a larger retreat.
The warehouse club recorded net income of $122.7 million, or 92 cents a share, for the fourth quarter ended Feb. 1, compared to $145.9 million, or $1.08 a share, in the prior-year period.
Stripping out certain one-time items, earnings came in at 93 cents a share. Analysts polled by FactSet expected 88 cents a share.
Revenue edged down to $5.28 billion from $5.36 billion. Analysts polled by FactSet expected $5.27 billion.
Same-store sales increased 4% year over year. Excluding gasoline, same-store sales rose 4.6% during the same period with gains coming from traffic growth.
Chief Financial Officer Laura Felice said the company remains cautiously optimistic about the year given the macro-driven uncertainties in the economy.
For fiscal 2025, BJ's expects same-store sales excluding gasoline to rise between 2% and 3.5% year over year, while adjusted earnings per-share are expected to be in the range of $4.10 to $4.30. Analysts polled by FactSet expect $4.28 a share in adjusted earnings.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 06, 2025 07:16 ET (12:16 GMT)
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