Burlington Stores (BURL) reported earnings on Thur 29 Aug 2019 (b/o)

** charts after earnings **

 

Burlington Stores beats by $0.22, beats on revs; guides Q3 EPS above consensus, revs in-line; guides FY20 EPS above consensus, revs in-line

Reports Q2 (Jul) earnings of $1.36 per share, $0.22 better than the S&P Capital IQ Consensus of $1.14; revenues rose 10.1% year/year to $1.66 bln vs the $1.64 bln S&P Capital IQ Consensus.

• Q2 comparable store sales increased 3.8%

Co issues guidancefor Q3, sees EPS of $1.37-1.41 vs. $1.33 S&P Capital IQ Consensus; sees Q3 revs of +8.5-9.5% to $1.78-1.80 bln vs. $1.79 bln S&P Capital IQ Consensus.

• Comparable store sales to increase 2% to 3%

Co issues guidancefor FY20, sees EPS of $7.14-7.22 vs. $6.99 S&P Capital IQ Consensus; sees FY20 revs of +8.8-9.3% to ~$7.2-7.3 bln vs. $7.26 bln S&P Capital IQ Consensus.

• This assumes comparable store sales to increase in the range of 2% to 3% for the third and fourth quarters of Fiscal 2019, resulting in a full year comparable store sales increase of 2.0% to 2.5% on top of the 3.2% increase during Fiscal 2018