Burlington Stores, Inc.
Shares fell 0.7% as investors appeared to digest broadly in-line quarterly results and cautious near-term comp guidance, despite strong margin performance and robust sales growth in Q1.
Key takeaways
- Q1 total sales grew 14%, driven by comp store sales up 6%, exceeding the company’s guidance of 2% to 4%.
- Operating margin expanded 20 basis points, reversing expectations of a 60-100 basis point decline and supported by higher merchant margin and supply chain productivity.
- EPS increased 26%, marking the company's 14th consecutive quarter of double-digit earnings growth.
- Full-year guidance was raised modestly, with expected comp sales growth of 2% to 4% and EPS growth of 13% to 16%.
- Q2 comp growth is guided lower at 1% to 3%, reflecting a difficult year-over-year comparison against a strong prior quarter.