earnings
confidence high
sentiment positive
materiality 0.85
Burlington Stores Q1 comps +6%, adjusted EPS $2.10 beats guidance; raises FY outlook
Burlington Stores, Inc.
- Total sales +14% to $2.85B; comparable store sales +6% (vs. guidance).
- Adjusted EPS $2.10, +26% YoY; net income $115M ($1.79 diluted EPS).
- Full-year adjusted EPS guidance raised to $11.45-$11.80 (from prior).
- Q2 adjusted EPS guidance $2.05-$2.20 vs. $1.72 last year.
- Repurchased $111M principal of 1.25% convertible notes for $173M cash/shares; bought back $81M in common stock.