Burlington Stores rises after raising annual forecasts following an upbeat quarter

Burlington Stores

28/08/2025 19:59

** Shares of apparel retailer Burlington Stores BURL.N rise as much as 10.2% to a near four-year high of $309

** Sees annual adjusted EPS between $9.19 and $9.59, compared to previous projection of $8.70 to $9.30

** Also sees annual sales to rise between 7% to 8%, compared to prior expectations of 6% to 8%

** Q2 total sales rise 10% to $2.7 billion, beating estimates of $2.65 billion, while adjusted EPS of $1.59 surpassed expectations of $1.32, per data compiled by LSEG

** Brokerage Telsey Advisory Group says BURL is a beneficiary in current climate, given the strength of its off-price model and potential trade-downs

** Average rating of 18 brokerages is "buy," with a median PT of $316

** Up to last close, stock has risen/fallen xx% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))