Aug. 28 at 12:38 PM
Burlington Stores jumped after reporting Q2 results that beat estimates and raising full-year guidance.
The retailer posted adjusted EPS of
$1.72 vs.
$1.29 expected, with revenue up 10% YoY to
$2.71B (consensus:
$2.63B). Comparable sales rose 5%, matching last year’s growth.
Full-year adjusted EPS outlook was lifted to
$9.19–
$9.59 from
$8.70–
$9.30. Gross margin improved 90 bps to 43.7%, with merchandise margin up 60 bps. Adjusted EBIT margin rose 120 bps, and EPS grew 39% YoY.
For Q3, BURL sees total sales up 5–7%, comps up 0–2%, and EPS of
$1.50–
$1.60.
$BURL