BJ’s Wholesale sees FY24 adjusted EPS $3.75-$4.00, consensus $3.98

The company provided the following guidance for fiscal 2024: Comparable club sales, excluding the impact of gasoline sales, to increase 1% to 2% year-over-year; Merchandise gross margins to improve approximately 20 basis points year-over-year; Adjusted EPS to range from $3.75 to $4.00; Capital expenditures of approximately $500M. “As we look to fiscal 2024, we continue to navigate macro-driven uncertainty in the operating environment,” said Laura Felice, Executive Vice President, Chief Financial Officer, BJ‘s Wholesale Club. “We remain confident that our structural operating advantages, continued focus on executing our strategic priorities, and commitment to delivering great value to our members will drive strong results for our business.”