Core Insights - Burlington Stores, Inc. reported strong second-quarter fiscal 2024 results, with sales and earnings exceeding expectations and showing year-over-year growth [1][4][5] - The company raised its fiscal 2024 outlook due to robust performance [1] Financial Performance - Adjusted earnings per share (EPS) reached $1.20, surpassing the Zacks Consensus Estimate of $0.95, and increased 100% from $0.60 in the previous year [4] - Total revenues were $2,465.5 million, a 13.4% increase from the prior year, exceeding the estimate of $2,421 million [5] - Comparable store sales rose by 5% year over year [5] - Adjusted EBITDA increased by 43.3% to $201.8 million, with an adjusted EBITDA margin of 8.2% [8] Margin Analysis - Gross margin improved to 42.8%, up 110 basis points from the previous year, driven by lower markdowns and improved freight expenses [6] - Adjusted selling, general and administrative (SG&A) expenses rose 13.7% to $667.1 million, with SG&A as a percentage of sales at 27.1% [7] Strategic Initiatives - Burlington Stores is expanding its store footprint, having opened 36 net new stores in the second quarter, bringing the total to 1,057 locations [8] - The company plans to open approximately 100 net new stores and relocate around 30 locations in fiscal 2024, with new store sales exceeding expectations [9] Fiscal 2024 Guidance - For the fiscal third quarter, total sales are expected to increase by 10-12%, with comparable store sales projected to rise by 0-2% [12] - Adjusted EPS is forecasted to be in the range of $1.45-$1.55, up from $1.10 in the previous year [13] - The company revised its full-year sales growth estimate to 9-10%, with comparable store sales expected to grow by 2-3% [15][16] Financial Position - As of the end of the reported quarter, Burlington Stores had cash and cash equivalents of $659.9 million and long-term debt of $1.23 billion [10] - The company ended the quarter with $1.40 billion in total outstanding debt and has $380 million remaining under its share repurchase authorization [11]

Key Takeaways Burlington Stores posted better-than-expected results and boosted its outlook on strong sales and improved supply chains, but warned about ocean freight costs. Profit more than doubled from the year ago period, as revenue jumped 13%. CEO Michael O'Sullivan noted even with some cost pressure from ocean freight, the retailer was increasing its profit forecasts. Burlington Stores (BURL) Thursday posted a higher-than-estimated doubling of its profits and raised its outlook for the year, although i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-36107 BURLINGTON STORES, INC. (Exact name of registrant as specified in its charter) Delaware 80-0895227 (State or Other Juris ...

Burlington Stores, Inc. (NYSE:BURL) Q2 2024 Earnings Conference Call August 29, 2024 8:30 AM ET Company Participants David Glick - Senior Vice President, Treasurer & Investor Relations Michael O'Sullivan - Chief Executive Officer Kristin Wolfe - Executive Vice President & Chief Financial Officer Daniel Delrosario - Investor Relations Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex S ...

For the quarter ended July 2024, Burlington Stores (BURL) reported revenue of $2.46 billion, up 13.2% over the same period last year. EPS came in at $1.20, compared to $0.60 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.42 billion, representing a surprise of +1.67%. The company delivered an EPS surprise of +26.32%, with the consensus EPS estimate being $0.95. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Burlington Stores (BURL) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.32%. A quarter ago, it was expected that this discount retailer would post earnings of $1.04 per share when it actually produced earnings of $1.42, delivering a surprise of 36.54%. Over the last four quarters ...

Exhibit 99.1 Burlington Stores, Inc. Reports Second Quarter 2024 Earnings • Total sales growth of 13%; comparable store sales growth of 5% • Net income was $74 million, and diluted EPS was $1.15 • Excluding certain expenses associated with acquired BBBY leases: o Adjusted EBIT margin increased 160 basis points o Adjusted EPS increased 98% to $1.24 o Adjusted EPS guidance for FY24 raised to $7.66-$7.96 BURLINGTON, New Jersey; August 29, 2024 — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off ...

Total sales growth of 13%; comparable store sales growth of 5% Net income was $74 million, and diluted EPS was $1.15 Excluding certain expenses associated with acquired BBBY leases: Adjusted EBIT margin increased 160 basis points Adjusted EPS increased 98% to $1.24 Adjusted EPS guidance for FY24 raised to $7.66-$7.96 BURLINGTON, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and ...

jetcityimage/iStock Editorial via Getty Images Introduction In continuation with our overage on Burlington (NYSE:BURL), the stock has performed handsomely over the last year and since the publication, despite a short-term blip given the strength in its underlying business model. | --- | --- | |---------------------------------|---------| | | | | About This Article ■ | | | Stock Covered | BURL | | Analyst's rating at publication | BUY | | Price at publication | $155.77 | | Change | 76.61% | | S&P 500 change ...

As Burlington Stores, Inc. (BURL) readies to announce its second-quarter fiscal 2024 earnings, investors are closely watching for insights into the company's performance amid a challenging retail landscape. The earnings report, scheduled for release on Aug. 29 before the opening bell, is expected to provide critical indicators of how Burlington Stores has navigated recent economic shifts. The company is anticipated to show a notable increase in its top line. The Zacks Consensus Estimate for revenues is set ...