Shares of BJ’s Wholesale Club Holdings Inc. BJ, +3.94% tumbled 12.0% in premarket trading Thursday, after the membership-based warehouse retailer reported fiscal fourth-quarter profit that beat expectations but revenue and same-store sales that missed. Net income for the quarter to Jan. 29 rose to $107.6 million, or 78 cents a share, from $95.9 million, or 69 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 80 cents was above the FactSet consensus of 75 cents. Revenue grew 10.4% to $4.36 billion, below the FactSet consensus of $4.40 billion, while same-store sales excluding gasoline sales increased 0.9% to miss expectations of a 4.8% rise. Digitally-enabled sales rose 19%. For fiscal 2022, the company expects sales growth in the “mid-single digit” percentage range, while the FactSet revenue consensus of $17.85 billion implies 7.1% growth. The stock has gained 1.3% over the past three months through Wednesday, while the S&P 500 SPX, +1.86% has slipped 3.4%.
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