The Burlington, N.J.-based company said it had net income of $85 million, or $1.26 a share, in the quarter, up from $70.9 million, or $1.03 a share, in the year-earlier period. Adjusted per-share earnings came to $1.36, well ahead of the $1.14 FactSet consensus. Sales rose to $1.662 billion from $1.505 billion, also ahead of the FactSet consensus of $1.631 billion. Same-store sales rose 3.8% to top the 2.7% FactSet consensus. The company said it now expects fiscal 2019 sales growth of 8.8% to 9.3%, assuming same-store sales rise 2.0% to 2.5%. It expects adjusted EPS to range from $7.14 to $7.22, compared with a current FactSet consensus of $6.99.
Average Recommendation OVERWEIGHT
Average Target Price: 181.39
COMPANY PROFILE
Burlington Stores, Inc. offers selection of in-season, fashion-focused merchandise, including: women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, home, coats, beauty, toys and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.
Average Recommendation OVERWEIGHT
Average Target Price: 181.39
COMPANY PROFILE
Burlington Stores, Inc. offers selection of in-season, fashion-focused merchandise, including: women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, home, coats, beauty, toys and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.