Burlington Stores (BURL) Tops Q2 EPS by 17c; offers guidance

Burlington Stores (NYSE: BURL) reported Q2 EPS of $0.60, $0.17 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.16 billion.

The Company now expects:

Total sales to increase approximately 11% to 12%, which includes approximately 2% from the 53rd week, on top of a 7% decrease in Fiscal 2022; this assumes comparable store sales will increase in the range of 3% to 4%, on top of the 13% decrease during Fiscal 2022;

Adjusted EPS to be in the range of $5.37 to $5.67, which includes $0.23 of expected incremental expenses associated with the recently acquired Bed Bath & Beyond leases and an expected benefit from the 53rd week of approximately $0.05. Excluding the incremental expenses, adjusted EPS is expected to be in the range of $5.60 to $5.90. This compares to Fiscal 2022 diluted EPS of $3.49 and Adjusted EPS of $4.26.

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

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