BJ’s Wholesale Club (BJ) shares sank after the retai🐬ler gave soft gui♑dance as it looks to invest more money into the business.

BJ’s CFO Laura Felice said full-year adjusted earnings per share (EPS) could be at the low end of its forecast of $3.75 to $4 because of long-term investments. Analysts 🌞were looking for $3.88, according to estimates compiled by Visible Alpha.

Second-Quarter Results Exceed Analysts' Estimates

BJ’s posted second-quarter adjusted EPS of $1.09, with revenue increasing 4.5% from a year ago to $5.21 billion. Net sales were up 4.4% to $5.09 billion, and membership fees jumped 8.9% to $113.1 million. All were above analysts' estimates.

Selli𓃲ng, general, and administrativওe expenses (SG&A) rose 8% to $750.3 million. 

CEO Bob Eddy said that the company had its 10th consecutive mont🍎h of traffic growth, and that the quarterly resu෴lts “demonstrate the meaningful progress we are making on our long term strategic initiatives.”

Shares of BJ's were down over 6% at $81.63 in intraday trading Thursday, though even with Thursday’s losses, they've gained more than 22% since the start of the year.