BJ's Wholesale Club Holdings (NYSE: BJ) shares fell 2.5% in premarket trading Thursday after the warehouse club operator missed fourth-quarter revenue estimates and issued fiscal 2026 guidance below analyst expectations. The company reported adjusted earnings per share of $0.96, beating estimates by $0.04, but revenue of $5.44 billion fell short of the $5.54 billion consensus.

Despite the revenue miss, BJ's posted several positive metrics including 16 consecutive quarters of traffic growth and a 31% surge in digitally enabled comparable sales. Membership fee income climbed 10.9% to $129.8 million, driven by higher-tier penetration and the January 2025 annual fee increase. The company maintained a strong 90% tenured member renewal rate during fiscal 2025.

For fiscal 2026, BJ's issued adjusted EPS guidance of $4.40 to $4.60, below the analyst consensus of $4.66, with comparable club sales expected to increase 2.0% to 3.0% excluding gasoline. The retailer plans $800 million in capital expenditures for new club openings and distribution enhancements, having opened 7 new clubs and 7 gas stations during the quarter.