Burlington Stores Inc ( (BURL) ) has released its Q2 earnings. Here is a breakdown of the information Burlington Stores Inc presented to its investors.
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Burlington Stores, Inc., a prominent off-price retailer known for offering high-quality branded apparel, footwear, and home merchandise at competitive prices, has released its financial results for the second quarter of 2025.
The company reported a robust performance with a 10% increase in total sales and a 5% rise in comparable store sales compared to the previous year. Net income reached $94 million, translating to a diluted EPS of $1.47. Notably, the adjusted EPS saw a significant 39% increase to $1.72, driven by improved merchandise margins and reduced freight expenses.
Key financial highlights include a gross margin rate increase to 43.7% and an adjusted EBIT margin improvement of 120 basis points. The company also reported a healthy liquidity position with $1,694 million, comprising cash and available credit. Additionally, Burlington Stores repurchased shares worth $26 million, reflecting confidence in its financial health.
Looking ahead, Burlington Stores has raised its full-year adjusted EPS guidance to between $9.19 and $9.59, indicating optimism about continued growth. The company plans to open approximately 100 new stores and expects total sales to increase by 7% to 8% for the fiscal year 2025.
Overall, Burlington Stores remains focused on its strategic initiatives, including the Burlington 2.0 strategies, which are anticipated to further enhance its long-term performance. The company is maintaining a conservative approach to business management while being prepared to capitalize on market opportunities.