Burlington Stores (BURL) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Burlington Stores reported revenue of $2.36 billion for the quarter ended April 2024, reflecting a year-over-year increase of 10.5% [1] - The company's EPS was $1.42, significantly higher than the $0.84 reported in the same quarter last year, indicating a strong performance [1] - The revenue exceeded the Zacks Consensus Estimate of $2.34 billion, resulting in a surprise of +0.79% [1] - Burlington Stores delivered an EPS surprise of +36.54%, with the consensus EPS estimate being $1.04 [1] Performance Metrics - Comparable Store Sales increased by 2%, surpassing the five-analyst average estimate of 1.6% [3] - The number of stores at the end of the period was 1,021, slightly below the average estimate of 1,023 based on four analysts [3] - Net Sales revenue was $2.36 billion, compared to the estimated $2.34 billion, marking a +10.5% change year-over-year [3] - Other revenue was reported at $4.24 million, exceeding the average estimate of $4.17 million, representing a +1.7% year-over-year change [3] Stock Performance - Shares of Burlington Stores have returned +12.6% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]