earnings
confidence high
sentiment positive
materiality 0.80
Burlington Stores Q2: comp sales +5%, adjusted EPS +98% to $1.24; FY24 guidance raised
Burlington Stores, Inc.
2024-Q2 EPS reported
$2.37
revenue$4,827,070,000
- Total sales +13% to $2,461M; comparable store sales +5% vs. prior year.
- Net income $74M ($1.15 diluted EPS); adjusted EPS $1.24, up 98% YoY.
- Gross margin expanded 110 bps to 42.8%; adjusted EBIT margin +160 bps.
- FY24 adjusted EPS guidance raised to $7.66-$7.96 (from prior range); Q3 adj. EPS est. $1.45-$1.55.
- Repurchased 269,508 shares for $61M in Q2; $380M remaining on authorization.