Burlington Stores (NYSE: BURL) reported Q2 EPS of $1.94, $0.56 better than the analyst estimate of $1.38. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.05 billion.

• Comparable store sales increased 19%

Outlook:

Given the uncertainty surrounding the pace of the recovery of consumer demand and the ongoing COVID-19 pandemic, the Company is not providing sales or earnings guidance for Fiscal 2021 (the 52-weeks ending January 29, 2022) at this time.

The Company is updating the following Fiscal 2021 guidance items:

• Capital expenditures, net of landlord allowances, is now expected to be approximately $510 million;
• The Company still expects to open 100 new stores, while relocating or closing 25 stores, for a total of 75 net new stores in Fiscal 2021;
• Depreciation & amortization, exclusive of favorable lease costs, is now expected to be approximately $255 million;
• Interest expense is now expected to be approximately $70 million; and
• The effective tax rate is now expected to be approximately 22% to 23%.

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