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The off-price retailer posted a profit of $184 million in its second quarter and raised its full-year adjusted EPS guidance to $11.77–$11.97
Screenshot: Burlington
Burlington Stores reported second-quarter net income of $184 million, or $2.88 per diluted share, on Thursday, and said it plans to reinvest $55 million in tariff refunds into lower prices for shoppers rather than booking them as a profit windfall.
Total revenue climbed 11% to $3.00 billion, and comparable-store sales edged up 2%. Stripping out tariff refunds and costs related to bankruptcy-acquired leases, adjusted EPS landed at $2.37, a 38% jump from $1.72 in the same period last year. Analysts had expected adjusted EPS of $2.19 and revenue of $3.03 billion, according to The Wall Street Journal.
