Burlington Stores (BURL) Tops Q2 EPS by 21c; Raises Outlook
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Burlington Stores, Inc. Reports Second Quarter 2017 Results above Guidance
August 24, 2017 6:45 AM EDTRaises Full Year 2017 Outlook
On a GAAP basis, total sales rose 8.6%, net income increased 130%, diluted EPS increased 136%, and merchandise inventories decreased 2% On a Non-GAAP basis, Comparable store sales increased 3.5% Adjusted EBITDA increased 28% to $127 million, up 140 basis points Adjusted EPS rose 85% to $0.72 Comparable store inventory decreased 8% Outlook for FY17 Adjusted EPS increased to $4.11-$4.18, up from... More