earnings
confidence high
sentiment positive
materiality 0.75
Burlington Q3 adj EPS $1.55 (+41% YoY); raises FY24 adjusted EPS outlook to $7.76-$7.96
Burlington Stores, Inc.
2024-Q3 EPS reported
$3.77
revenue$7,357,766,000
- Total sales $2,526M (+11% YoY); comparable store sales +1% on top of +6% last year.
- Adjusted diluted EPS $1.55 vs $1.10; GAAP EPS $1.40; adjusted EBIT margin +80 bps.
- Gross margin improved 70 bps to 43.9%; merchandise margin expanded 50 bps.
- FY24 adjusted EPS guidance raised to $7.76-$7.96; Q4 outlook $3.55-$3.75 vs $3.69.
- Repurchased $56M of stock; increased Term Loan to $1.25B, maturity extended to Sept 2031.