Burlington Stores (BURL) reported earnings on Tue 11/22/16 (b/o)

** charts before earnings **

** charts after earnings **

 

Burlington Stores beats by $0.18, beats on revs; guides Q4 EPS below consensus; rev in-line :

• Reports Q3 (Oct) earnings of $0.51 per share, $0.18 better than the Capital IQ Consensus of $0.33; revenues rose 9.1% year/year to $1.34 bln vs the $1.32 bln Capital IQ Consensus.
  • Comparable store sales increased 3.7% vs. +2.5-3.5% guidance.
  • Comparable store inventory decreased 8% and turnover improved 12%
• Co issues guidance for Q4, sees EPS of $1.63-1.67 vs. $1.70 Capital IQ Consensus Estimate; Net sales to increase in the range of 6.6% to 7.6%, in-line with consensus expectations for +7%; Comparable store sales to increase in the range of 2.5% to 3.5%.
• Co issues guidance for FY17, sees EPS of $3.11-3.15 vs. $2.98 Capital IQ Consensus Estimate; Net sales to increase in the range of 8.4% to 8.7%, compared to consensus expectations for +8%; Comparable store sales to increase in the range of 3.9% to 4.2%;
• "We are very pleased with our third quarter results, which exceeded our sales and earnings guidance, continuing our strong momentum from the first half of the year. Our ability to execute our off-price model by delivering fresh product, compelling value, and sought after brands continues to serve us well. In the quarter, we delivered our 15th consecutive quarter of positive comparable store sales. I would like to thank all of our associates for their contributions to our third quarter and year to date results."