Burlington Stores' Fiscal Q3 Adjusted Earnings, Revenue Rise; Fiscal 2024 Non-GAAP EPS Guidance Revised

MT Newswires Live
2024-11-26

Burlington Stores (BURL) reported fiscal Q3 adjusted earnings Tuesday of $1.55 per share, up from $0.98 a year earlier.

Analysts polled by FactSet expected $1.55.

Revenue for the quarter ended Nov. 2 was $2.53 billion, compared with $2.29 billion a year earlier.

Analysts surveyed by FactSet expected $2.55 billion.

For fiscal Q4, the company said it expects adjusted EPS in the range of $3.55 to $3.75.

Analysts polled by FactSet expect $3.78.

Sales for the quarter are expected to rise by 5% to 7%, Burlington Stores added.

For fiscal 2024, the company said it now expects adjusted EPS in the range of $7.76 to $7.96, compared with its prior guidance range of $7.66 to $7.96.

Analysts surveyed by FactSet expect $7.92.

Total sales for the year are projected to grow 9% to 10%, unchanged from Burlington Stores' previous forecast.

The company's shares were down 6.3% in recent Tuesday premarket activity.

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