Burlington Stores Inc ( (BURL) ) has released its Q1 earnings. Here is a breakdown of the information Burlington Stores Inc presented to its investors.
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Burlington Stores, Inc., a leading off-price retailer in the United States, specializes in offering high-quality, branded apparel, footwear, accessories, and home merchandise at everyday low prices. The company operates over 1,100 stores across 46 states, Washington D.C., and Puerto Rico.
In its first quarter of 2025, Burlington Stores reported a 6% increase in total sales, reaching $2.5 billion, with comparable store sales remaining flat. The company’s net income rose to $101 million, translating to a diluted EPS of $1.58. Adjusted earnings per share (EPS) saw an 18% increase to $1.67, surpassing guidance expectations.
Key highlights from the earnings report include an adjusted EBIT margin increase of 30 basis points and a gross margin rate improvement to 43.8%. The company also maintained its full-year adjusted EPS guidance of $8.70 to $9.30, excluding certain expenses. Despite challenges posed by tariffs, Burlington’s management expressed confidence in offsetting these pressures through strategic adjustments.
Looking ahead, Burlington Stores plans to open approximately 100 new stores and expects total sales to grow by 6% to 8% for the fiscal year 2025. The company remains focused on navigating the uncertain tariff environment and leveraging its unique advantages in the off-price retail sector to achieve long-term growth.
Burlington’s management remains optimistic about the company’s future, emphasizing the importance of adapting to short-term disruptions while focusing on long-term growth opportunities in the off-price retail market.