Burlington Stores (BURL) reported earnings on Thur 31 May 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Burlington Stores beats by $0.17, beats on revs; raises 19 EPS 

• Reports Q1 (Apr) earnings of $1.26 per share, $0.17 better than the Capital IQ Consensus of $1.09; revenues rose 12.3% year/year to $1.52 bln vs the $1.49 bln Capital IQ Consensus.
• Co issues in-line guidance for Q2, sees EPS of $0.91-0.95 vs. $0.93 Capital IQ Consensus Estimate.
  • Q2 - Total sales to increase in the range of 8% to 9%; Shifted comparable store sales for the 13 weeks ended August 4, 2018 compared to the 13 weeks ended August 5, 2017 to increase in the range of 2% to 3% on top of a 3.5% increase during the second quarter of Fiscal 2017
• Co raises guidance for FY19, sees EPS of $5.90-6.00 vs. $5.85 Capital IQ Consensus Estimate, and compares to the previous outlook for Adjusted EPS of $5.73-$5.83
  • Total sales to increase in the range of 9.7% to 10.5%, excluding the 53rd week impact in 2017; this assumes shifted comparable store sales to increase in the range of 2% to 3% for the balance of Fiscal 2018, resulting in a full year shifted comparable store sales increase of 2.6% to 3.4% on top of the 3.4% increase during Fiscal 2017