Core Viewpoint - BJ's Wholesale Club Holdings, Inc. reported fourth-quarter results that missed revenue expectations and provided fiscal 2026 guidance below analyst forecasts, resulting in a more than 3% decline in shares [1] Financial Performance - The company reported adjusted earnings per share of $0.96 for the quarter ended January 31, exceeding the consensus estimate of $0.92 by $0.04 [2] - Revenue totaled $5.44 billion, falling short of the $5.54 billion analyst estimate, but increased by 5.5% from $5.16 billion in the same quarter last year [2] Sales and Membership Growth - Comparable club sales increased by 1.6% year over year, or 2.6% excluding gasoline sales, attributed to growth in membership, digital sales, and store traffic, marking the 16th consecutive quarter of traffic growth [3] - Membership fee income rose by 10.9% to $129.8 million in the quarter, supported by strong membership acquisition and retention, increased penetration of higher-tier memberships, and an annual membership fee increase implemented in January 2025 [5] Future Guidance - For fiscal 2026, BJ's projected adjusted earnings per share between $4.40 and $4.60, with the midpoint of $4.50 below the analyst consensus estimate of $4.66 [4] - Comparable club sales excluding gasoline are expected to increase between 2.0% and 3.0% year over year [4] - The company plans to invest approximately $800 million in capital expenditures for new club openings and enhancements to its distribution network [4] Digital Sales Performance - Digitally enabled comparable sales surged by 31%, reflecting 57% growth on a two-year stacked basis [5] - During the quarter, the company opened seven new clubs and seven gas stations [5]