Overview

* Burlington Stores ( BURL ) Q2 total sales rise 10%, comparable store sales up 5%

* Adjusted EPS for Q2 increases 39%, driven by higher merchandise margins

* Co raises full-year adjusted EPS guidance, reflecting strong operational performance

Outlook

* Burlington raises full-year adjusted EPS guidance to $9.19-$9.59

* Company expects full-year sales to rise 7%-8%

* Burlington projects Q3 sales growth of 5%-7%

* Company plans to open approximately 100 net new stores in 2025

Result Drivers

* MERCHANDISE MARGIN - Higher merchandise margins contributed to a 39% increase in adjusted EPS, per CEO Michael O'Sullivan

* FREIGHT EXPENSE - Lower freight expenses helped improve the adjusted EBIT margin by 120 basis points

* BURLINGTON 2.0 - Early impact of Burlington 2.0 strategies linked to strong Q2 sales and earnings results, according to CEO

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $2.70

Sales bln

Q2 $1.72

Adjusted

EPS

Q2 EPS $1.47

Q2 Net $94.18

Income mln

Q2 5.0%

Comparab

le Store

Sales

Growth

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 ( BURL ) is $313.60, about 10.6% above its August 27 closing price of $280.30

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

(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.)