Burlington Stores stock surges on strong Q1 print, upbeat full-year outlook
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Burlington Stores, Inc. Reports First Quarter 2024 Earnings
May 30, 2024 6:45 AM EDTOn a GAAP basis, total sales increased 11%, net income was $79 million, and diluted EPS was $1.22Comparable store sales increased 2%On a non-GAAP basis, excluding certain expenses associated with the acquisition of Bed Bath & Beyond leases: Adjusted EBIT margin increased 170 basis points, andAdjusted EPS increased 68% to $1.42 Increasing outlook for FY24 Adjusted EPS to $7.35-$7.75, an increase of 18% to 24% over FY23 on a 52-week basis; guidance excludes certain expenses associated... More
