Burlington Stores (BURL) Reports In-Line Q1 EPS; Guides FY15 EPS Below Consensus

Burlington Stores (NYSE: BURL) reported Q1 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.22 billion.

Comparable store sales increased 0.8% which follows a comparable store sales increase of 2.7% in the first quarter of last year.

Inventories:

• Merchandise Inventories were $822.3 million vs. $707.6 million at the end of the first quarter last year. This includes an increase in pack and hold inventory of $71.3 million vs. last year. Pack and hold inventory represented 26% of inventory at quarter end versus 19% last year. Comparable store inventory decreased 11% compared with the end of the first quarter last year.

Guidance:

Burlington Stores reaffirmed its FY2015 EPS outlook at $2.15 - $2.25, with the consensus at $2.28 (from $2.26 prior).

Burlington Stores sees Q2 2015 EPS of $0.10 - $0.13, versus the consensus of $0.13.

For earnings history and earnings-related data on Burlington Stores (BURL) click here.

You May Also Be Interested In

• Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up
• Alamos Gold (AGI) Misses Q1 EPS by 1c
• Nanometrics (NANO) Issues Business Update, Reports FY23 Results