Burlington Stores (BURL) Tops Q2 EPS by 19, Revneues In-Line; Boosts FY18 EPS Outlook

Burlington Stores (NYSE: BURL) reported Q2 EPS of $1.15, $0.19 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.5 billion.

Tom Kingsbury, CEO, stated, “We are pleased to continue our strong earnings momentum in Fiscal 2018 with solid second quarter results, driven by our overall 9.9% sales growth and an 80 basis point Adjusted EBIT margin improvement. Our 2.9% comparable store sales increase was up against our most difficult multi-year quarterly comparison. These sales and margin results enabled the Company to drive a 51% increase in Adjusted EPS in the second 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 $6.13-$6.20, versus the consensus of $6.04.

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

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