Investing.com -- BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) reported fourth-quarter results that missed revenue expectations and issued fiscal 2026 guidance below analyst estimates, sending shares down 2.5% premarket on Thursday.

The warehouse club operator posted adjusted earnings per share of $0.96 for the fourth quarter ended January 31, beating the analyst consensus of $0.92 by $0.04. However, revenue of $5.44 billion fell short of the $5.54 billion estimate, despite increasing 5.5% from $5.16 billion in the prior-year quarter.

Comparable club sales rose 1.6% YoY, or 2.6% excluding gasoline sales. The company attributed the quarter's performance to growth in membership, digital sales, and traffic, marking its 16th consecutive quarter of traffic growth.

For fiscal 2026, BJ's issued adjusted EPS guidance of $4.40 to $4.60, with a midpoint of $4.50 that falls below the analyst consensus of $4.66. The company expects comparable club sales, excluding gasoline, to increase 2.0% to 3.0% YoY. The retailer plans capital expenditures of approximately $800 million for new club openings and distribution network enhancements.

"As we reflect on the year, our results demonstrate the strength of our transformation and disciplined execution of our long-term priorities," said Bob Eddy, Chairman and Chief Executive Officer. "Record membership, strong digital engagement, and our 16th consecutive quarter of traffic growth show how effectively our teams are delivering value and convenience to our members."

Membership fee income climbed 10.9% to $129.8 million in the quarter, driven by membership acquisition, retention, and higher-tier penetration, along with the annual fee increase implemented in January 2025.

The company maintained a 90% tenured member renewal rate during fiscal 2025. Digitally enabled comparable sales surged 31%, reflecting 57% growth on a two-year stacked basis. BJ's opened 7 new clubs and 7 gas stations during the quarter.