Categories Earnings, Retail

Burlington Stores (NYSE: BURL): Q3 2019 Earnings Snapshot

— Burlington Stores (NYSE: BURL) reported adjusted earnings of $1.55 per share for the third quarter of 2019, vs. $1.40 per share expected.

— Unadjusted earnings increased to $96.5 million or $1.44 per share from $76.8 million or $1.12 per share in the third quarter of 2018

— At $1.78 billion, revenues were up 8.6% year-over-year, vs. $1.78 billion expected

— Comparable store sales increased by 2.7%, down from last year’s 4.4% increase

— Adjusted EBITDA increased 19% or $31 million from the third quarter of the previous year

— Raised full-year 2019 adjusted earnings outlook to $7.28-$7.33 per share from the earlier forecast of 7.14-$7.22 per share

— Expects full-year sales to increase in the range of 8.8% to 9.1% on an estimated comparable store sales growth of 2.1-2.4%

— Repurchased 223,009 shares of Burlington’s common stock for $43 million during the quarter

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