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Burlington Stores (NYSE: BURL) 2Q19 Results: Sales Beats Consensus; Raises Guidance; Home and Beauty Categories Remain Strong

Executive Summary

  • Burlington Stores reported fiscal 2Q19 revenues of $1.66 billion, up 10.5% year over year and beating the consensus estimate of $1.63 billion. The company’s adjusted earnings per share (EPS) grew 18.3% year over year to $1.36, beating the consensus estimate of $1.14.
  • The company saw comparable store sales growth of 3.8%, higher than both the consensus estimate of 1.9% and the company’s guidance of 1.0-2.0%.
  • For 3Q19, Burlington Stores expects to report adjusted EPS of $1.37-1.41, higher than the consensus estimate of $1.33. The company expects revenue growth of 8.5-9.5% in 3Q. For the full fiscal year, Burlington Stores raised its EPS guidance to $7.14-7.22 versus prior EPS guidance of $6.93-7.01 and compared to the consensus estimate of $6.99.

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