Burlington Stores (BURL) Tops Q1 EPS by 17c; Raises Outlook

Burlington Stores (NYSE: BURL) reported Q1 EPS of $1.26, $0.17 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.49 billion.

Tom Kingsbury, CEO, stated, “We are very pleased to kick off Fiscal 2018 with strong first quarter results, driven by a 4.8% comparable store sales increase. Our overall 12.8% sales growth, along with our 70 basis point Adjusted EBITDA margin improvement, enabled the Company to drive a 59% increase in Adjusted EPS in the first 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 FY2018 EPS of $5.90-$6.00, versus prior of $5.73-$5.83 and the consensus of $5.85.

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

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