Burlington Stores (BURL) Tops Q2 EPS by 22c; Raises Outlook
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Burlington Stores, Inc. Reports Second Quarter 2019 Results Above Guidance and Increases Full Year 2019 Sales and Adjusted EPS Outlook
August 29, 2019 6:45 AM EDTOn a GAAP basis, total sales rose 10.5%, net income increased 19%, EPS increased 22% to $1.26, and total inventory decreased 2%On a Non-GAAP basis,- Comparable store sales increased 3.8%, on top of last years 2.9% increase- Adjusted EPS rose 19% to $1.36, above guidance of $1.11-$1.15- Comparable store inventory decreased 7%Increasing outlook for FY19 Adjusted EPS to $7.14-$7.22, up from $6.93-$7.01Â
BURLINGTON, N.J., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE:... More
