Burlington Stores (NYSE: BURL) 1Q19 Results: Mixed Results, Lowers Guidance, Home and Beauty Categories Present the Largest Growth Opportunities

Executive Summary

• Burlington Stores reported fiscal 1Q19 revenues of $1.63 billion, up 7.3% year over year and beating the consensus estimate of $1.62 billion. The company’s earnings per share (EPS) were $1.26, even with the year ago period and above the consensus estimate of $1.25.
• The company saw comparable store sales growth of 0.1%, lower than the consensus estimate of 0.6%, and just within the company’s guidance of flat to 2.0%.
• For 2Q19, Burlington Stores expects to report EPS of$1.11-1.15, in line with the consensus estimate of $1.13. The company expects revenue growth of 8-9% which is in line with the consensus estimate of 8.8% growth. For the fiscal year 2020, Burlington Stores lowered its EPS guidance to $6.93-7.01 versus prior EPS guidance of $6.93-7.06 and compared to the consensus estimate of $6.97.

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