Burlington Stores (BURL) Tops Q3 EPS by 15c, Comps Increase 4.4%, Raises FY Guidance

Burlington Stores (NYSE: BURL) reported Q3 EPS of $1.21, $0.15 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.6 billion.

• Comparable store sales increased 4.4% on a shifted basis

GUIDANCE:

Burlington Stores sees FY2018 EPS of $6.33-$6.37, versus the consensus of $6.24.

• Total sales to increase in the range of 10.9% to 11.2%, excluding the 53rd week impact in 2017; this assumes shifted comparable store sales to increase in the range of 2% to 3% for the fourth quarter of Fiscal 2018, resulting in a full year shifted comparable store sales increase of 3.4% to 3.7% on top of the 3.4% increase during Fiscal 2017

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

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