Overview
Burlington Stores Q2 total sales rise 10%, comparable store sales up 5%
Adjusted EPS for Q2 increases 39%, driven by higher merchandise margins
Co raises full-year adjusted EPS guidance, reflecting strong operational performance
Outlook
Burlington raises full-year adjusted EPS guidance to $9.19-$9.59
Company expects full-year sales to rise 7%-8%
Burlington projects Q3 sales growth of 5%-7%
Company plans to open approximately 100 net new stores in 2025
Result Drivers
MERCHANDISE MARGIN - Higher merchandise margins contributed to a 39% increase in adjusted EPS, per CEO Michael O’Sullivan
FREIGHT EXPENSE - Lower freight expenses helped improve the adjusted EBIT margin by 120 basis points
BURLINGTON 2.0 - Early impact of Burlington 2.0 strategies linked to strong Q2 sales and earnings results, according to CEO
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Sales
$2.70 bln
Q2 Adjusted EPS
$1.72
Q2 EPS
$1.47
Q2 Net Income
$94.18 mln
Q2 Comparable Store Sales Growth
5.0%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Burlington Stores Inc is $313.60, about 10.6% above its August 27 closing price of $280.30
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nGNXs6b44
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)