Burlington Stores (BURL) Tops Q2 EPS by 21c; Raises Outlook

Burlington Stores (NYSE: BURL) reported Q2 EPS of $0.72, $0.21 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Burlington Stores sees FY2017 EPS of $4.11-$4.18, up from $3.86-$3.96 and versus the consensus of $3.97.

Tom Kingsbury, CEO, stated, “We are extremely pleased to report strong second quarter results, driven by a 3.5% comparable store sales increase, which was on top of a 5.4% comparable increase in last year’s second quarter. Our overall 8.6% sales growth, along with our 140 basis point adjusted operating margin improvement, enabled the Company to drive an 85% increase in Adjusted EPS in the second quarter, well ahead of our guidance. Our inventories are fresh, we are well positioned for Back to School, and we have significant open-to-buy entering the third quarter as opportunities remain plentiful. I want to thank our store, supply chain and corporate teams for contributing to these strong results.”

For earnings history and earnings-related data on Burlington Stores (BURL) click here.

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