Overview
Burlington Q3 total sales grew 7%, with a 1% rise in comparable store sales
Adjusted EPS for Q3 rose 16% to $1.80
Company raises full-year adjusted EPS guidance to $9.69-$9.89
Outlook
Burlington raises full-year adjusted EPS guidance to $9.69-$9.89
Company expects Q4 total sales to rise 7%-9%
Burlington maintains Q4 comparable store sales guidance at 0%-2%
Result Drivers
WEATHER IMPACT - Traffic to stores decreased after back-to-school period due to warm temperatures, but improved with cooler weather
MARGIN IMPROVEMENT - Adjusted EBIT margin increased by 60 basis points, aided by cost management and tariff mitigation
EARNINGS GUIDANCE RAISED - Full-year adjusted EPS guidance increased due to favorable margin and expense trends
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total sales
$2.71 bln
Q3 Adjusted EPS
$1.80
Q3 EPS
$1.63
Q3 Net Income
$104.75 mln
Q3 Adjusted EBIT
$167 mln
Q3 comparable store sales Growth
1.00%
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 $345.50, about 17.7% above its November 24 closing price of $284.47
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nGNX4hY1xh
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(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.)