BJ’s Wholesale Club (NYSE:BJ) shares fell more than 7% since the company’s reported Q3 results on Thursday. A strong beat was overshadowed by management comments made on the conference call that 2023 EPS will likely be flat on the lapping of strong fuel profitability, implying consensus numbers will need to move down.
Q3 EPS was $0.99, better than the Street estimate of $0.83. Revenue came in at $4.69 billion, beating the Street estimate of $4.65 billion. Total comparable club sales grew 9.7% year-over-year.
Fiscal 2023-year EPS is expected to be in the range of $3.70-$3.80, compared to the Street estimate of $3.61.