Executive Summary

• Burlington Stores reported 1Q16 adjusted EPS of $0.57 versus the consensus estimate of $0.48.
• Total sales were $1.28 billion versus consensus of $1.27 billion. Comps were up 4.3% versus analysts’ expectation of 3.2% and guidance of 2.5%–3.5%.
• FY16 guidance calls for adjusted EPS of $2.68–$2.78 versus prior guidance of $2.62–$2.72 and consensus of $2.72. Total sales are expected to increase by 7.1%–7.6% versus prior guidance of 6.5%–7.5%. Comps are expected to increase by 3.0%–3.5% versus prior guidance of 2.5%–3.5% and consensus of 3%.