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Burlington Stores Q3 Outlook: Adj. EPS $1.45-$1.55 Vs. $1.36 Estimate, Revenue $2.52B - $2.56B Vs. $2.529B Estimate

Author: Benzinga Newsdesk | August 29, 2024 06:49am

For the third quarter of Fiscal 2024 (the 13 weeks ending November 2, 2024), the Company expects: 

Total sales to increase in the range of 10% to 12%; this assumes comparable store sales will increase in the range of 0% to 2% versus the third quarter of Fiscal 2023;
Adjusted EBIT margin to increase in the range of 60 to 80 basis points versus the third quarter of Fiscal 2023;
Adjusted Effective Tax Rate to be approximately 25%; and 
Adjusted EPS in the range of $1.45 to $1.55, as compared to $1.10 in Adjusted EPS last year; prior year period excludes $7 million, net of tax, of expenses related to the acquired Bed Bath & Beyond leases.

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