Burlington Stores reported 11% sales growth and its 15th consecutive quarter of double-digit EPS growth. While adjusted EPS of $2.37 exceeded analyst expectations of $2.18, comparable store sales of 2% and total revenue of $3.00 billion were slightly below the anticipated targets. Management successfully converted sales growth into a 100 basis point expansion of adjusted EBIT margins and raised the full-year earnings outlook.
Key Highlights
- Adjusted EPS rose 38% to $2.37, driven by strong margin execution and a 100 basis point increase in operating margins.
- Comparable store sales increased 2% on top of 5% growth last year, representing a healthy 7% two-year stack despite missing the 2.7% estimate.
- Management raised full-year 2026 Adjusted EPS guidance to a range of $11.77 to $11.97, up from the previous range of $11.45 to $11.80.
- The company received $55 million in tariff refunds during the quarter and intends to fully reinvest these funds into pricing initiatives during the second half of the year.