Burlington Stores (NYSE: BURL) reported Q2 EPS of $1.15, $0.19 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.5 billion.

Tom Kingsbury, CEO, stated, “We are pleased to continue our strong earnings momentum in Fiscal 2018 with solid second quarter results, driven by our overall 9.9% sales growth and an 80 basis point Adjusted EBIT margin improvement. Our 2.9% comparable store sales increase was up against our most difficult multi-year quarterly comparison. These sales and margin results enabled the Company to drive a 51% increase in Adjusted EPS in the second quarter, well ahead of our guidance. I would like to thank our store, supply chain and corporate teams for contributing to these strong results.”

GUIDANCE:

Burlington Stores sees FY2018 EPS of $6.13-$6.20, versus the consensus of $6.04.

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

Earnings Guidance Hot Guidance Management Comments

Goldman Sachs Starts Burlington Stores (BURL) at NeutralSeptember 3, 2018 11:56 PM Burlington Stores (BURL) PT Raised to $176 at Morgan StanleyAugust 31, 2018 7:39 AM Burlington Stores (BURL) PT Raised to $174 at MKM Partners; Reiterates Buy August 31, 2018 7:17 AM Burlington Stores (BURL) PT Raised to $165 at CitiAugust 31, 2018 7:15 AM Burlington Stores (BURL) PT Raised to $175 at RBC CapitalAugust 31, 2018 6:44 AM Burlington Stores, Inc. Reports Second Quarter 2018 Adjusted EPS Results Above Guidance and Increases Full Year 2018 Sales and Adjusted EPS OutlookAugust 30, 2018 6:45 AM