(Boursier.com) — BJ’s Wholesale, the American chain of members-only warehouse clubs, drops before market trading on Wall Street. BJ’s delivered conservative sales estimates on the sidelines of its third quarter financial release. Over the closed quarter, like-for-like sales excluding gasoline were stable. Adjusted diluted earnings per share were 98 cents, while earnings from continuing operations were $130 million. Adjusted Ebitda reached $275 million. Total revenues were $4.82 billion (+2.8%), compared to $4.68 billion a year before. Adjusted earnings per share declined 1%. The consensus was at 95 cents of adjusted EPS for 4.9 billion in sales.
The group expects comparable sales excluding gasoline ranging from -2% to +1% for the fourth quarter, year-on-year. Thus, over the financial year, sales should increase by 1% to 1.8% on a comparable basis. Finally, annual adjusted earnings per share are expected between $3.80 and $3.92. Thus, the group missed the sales consensus for the closed quarter and also provides very cautious guidance for the end of the year.
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