These Analysts Revise Their Forecasts On Burlington Stores After Q1 Results

Group 1 - Burlington Stores, Inc. reported first-quarter adjusted earnings per share of $1.60, exceeding the analyst consensus estimate of $1.41, while quarterly sales of $2.50 billion fell short of the expected $2.52 billion [1] - The company anticipates that tariffs will significantly pressure merchandise margins but believes they can offset this pressure if tariffs do not increase from current levels [2] - For the second quarter, Burlington expects adjusted EPS in the range of $1.20 to $1.30, compared to the estimate of $1.34, with total sales projected to increase by 5% to 7% [2] Group 2 - For FY25, Burlington expects total sales to rise by 6% to 8% following an 11% increase during Fiscal 2024 [3] - Following the earnings announcement, Burlington shares fell by 0.7% to $226.17 [3] Group 3 - Analysts have made adjustments to their price targets for Burlington following the earnings report, with Telsey Advisory Group lowering the target from $340 to $300, Barclays raising it from $254 to $299, and Evercore ISI Group lowering it from $345 to $310 [6]