Burlington Stores (BURL) Tops Q2 EPS by 7c; Boosts FY14 Outlook

Burlington Stores (NYSE: BURL) reported Q2 EPS of ($0.01), $0.07 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.03 billion.

Comparable store sales increased 4.7%, which follows a comparable store sales increase of 7.8% in the 2013 second quarter driven by improved execution of the Company’s off-price business model.

Burlington Stores sees Q3 2014 EPS of $0.09 - $0.12, versus the consensus of $0.11. Comparable store sales to increase in the range of 3.0% to 4.0%.

Burlington Stores sees FY2014 EPS of $1.52 - $1.58, versus prior guidance of $1.25 - $1.35 and the consensus of $1.53. Total sales to increase in the range of 6.5% to 7.2% versus its previous expectation of an increase in the range of 5.8% to 6.8% and comparable store sales for the full year to be approximately 3%, at the high end of its previous guidance. These estimates include a comparable store sales increase of 2% to 3% in the fourth quarter consistent with previous guidance.

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

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