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Burlington Stores Fiscal Q2 Adjusted Earnings, Revenue Rise; Raises 2024 Adjusted EPS Guidance
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Burlington Stores Fiscal Q2 Adjusted Earnings, Revenue Rise; Raises 2024 Adjusted EPS Guidance
Aug 29, 2024 5:15 AM

07:15 AM EDT, 08/29/2024 (MT Newswires) -- Burlington Stores ( BURL ) reported fiscal Q2 adjusted earnings Thursday of $1.20 per share, up from $0.60 a year earlier.

Analysts polled by Capital IQ expected $0.96.

Revenue for the quarter ended Aug. 3 was $2.47 billion, up from $2.17 billion a year earlier.

Analysts polled by Capital IQ expected $2.42 billion.

For fiscal year 2024, the retailer now expects adjusted EPS of $7.66 to $7.96, higher than $7.35 to $7.75 previously. Analysts surveyed by Capital IQ are looking for $7.71.

Adjusted EPS for fiscal Q3 is expected to be $1.45 to $1.55. Analysts surveyed by Capital IQ expect $1.37.

Burlington shares were more than 4% higher in premarket trading.

Price: 280.16, Change: +7.27, Percent Change: +2.66

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