Burlington Stores, Inc. (NYSE:BURL) reported Thursday that first-quarter net income rose to $115 million. The off-price retailer earned $1.79 per diluted share, up from $1.58 per diluted share a year earlier.
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Q1 Results Beat Estimates
Adjusted EPS was $2.10, beating the $1.78 estimate. Sales were $2.856 billion, above the $2.799 billion estimate. Total sales rose 14% to $2.852 billion, while comparable store sales increased 6%.
"We are raising our full-year Fiscal 2026 sales and earnings guidance, passing through the entire upside from the first quarter to the full year. Our updated guidance is for comp store sales to increase 2% to 4%, and for EPS growth of 13% to 16%. These numbers underscore our ability to convert incremental comp sales into very strong earnings growth,” stated CEO Michael O'Sullivan.
