Burlington Stores (BURL) Tops Q2 EPS by 22c; Raises Outlook

Burlington Stores (NYSE: BURL) reported Q2 EPS of $1.36, $0.22 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.63 billion. Total sales increased 10.5%, while comparable store sales increased 3.8%.

Tom Kingsbury, CEO, stated, “We are very pleased with our second quarter results, driven by our 3.8% comparable store sales increase and 10.5% overall sales growth, which resulted in a 19% increase in Adjusted EPS, well ahead of our guidance. In addition, based on our disciplined inventory management, our comparable store inventory decreased 7%, putting us in a very good position to take advantage of the abundant values available in the marketplace. I would like to thank our store, supply chain and corporate teams for contributing to these strong results.”

GUIDANCE:

Burlington Stores sees FY2019 EPS of $7.14-$7.22, versus the consensus of $6.99.

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

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