Overview

• Adjusted EPS came in at $1.14 versus the $1.09 consensus, while revenue rose 3.4% year over year to $5.38 billion, missing estimates of $5.48 billion.
• Comparable club sales declined 0.3% including fuel; excluding gasoline, comps increased 2.3% on stronger traffic.
• Membership fee income grew 9% to $123.3 million as total members reached a record 8 million, and digitally enabled comparable sales jumped 34%.
• Management raised fiscal 2025 adjusted EPS guidance to $4.20–$4.35 from $4.10–$4.30 and now expects ex-gas comparable sales growth of 2.0% to 3.5%.
• Shares fell about 3% premarket to roughly $103 after the release, as merchandise gross margin improved by 10 basis points and adjusted EBITDA increased 8% to $303.9 million.