Burlington Stores Drops Despite Earnings Beat and Outlook Raise

Core Viewpoint - Burlington Stores, Inc. experienced a 10% decline in share price following third-quarter results that showed revenue slightly below expectations, despite exceeding profit estimates and raising the full-year earnings forecast [1][2] Financial Performance - Adjusted EPS for the third quarter was $1.80, surpassing the analyst estimate of $1.64 [1] - Revenue reached $2.71 billion, just missing the consensus of $2.72 billion [1] - Total sales increased by 7% year-over-year, while comparable store sales rose by 1% [1] Margin and Growth - The company reported a 60-basis-point expansion in adjusted EBIT margin [2] - Adjusted EPS grew by 16% [2] - CEO Michael O'Sullivan noted effective strategies by merchandising and operating teams to mitigate tariff-related margin pressures [2] Future Outlook - Burlington raised its full-year adjusted EPS outlook to a range of $9.69 to $9.89, exceeding the analyst consensus of $9.54 [2] - For the fourth quarter, the company anticipates comparable store sales growth between 0% and 2% [2]