Burlington Stores (BURL) Tops Q3 EPS by 5c; Raises Outlook

Burlington Stores (NYSE: BURL) reported Q3 EPS of $0.70, $0.05 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.44 billion. Comparable store sales increased 3.1%.

Tom Kingsbury, CEO, stated, “We are pleased to report strong third quarter results, driven by a 3.1% comparable store sales increase, which was on top of a 3.7% comparable increase in last year’s third quarter. Our overall 7.1% sales growth, along with our 115 basis point Adjusted EBITDA margin improvement, enabled the Company to drive a 37% increase in Adjusted EPS in the third quarter, well ahead of our guidance. I would like to thank our store, supply chain and corporate teams for contributing to these strong results.”

GUIDANCE:

Burlington Stores sees FY2017 EPS of $4.23-$4.27, up from $4.11-$4.18 and versus the consensus of $4.25.

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

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