share_log

Burlington Stores Q3 Outlook: Adj. EPS $1.45-$1.55 Vs. $1.36 Estimate, Revenue $2.52B - $2.56B Vs. $2.529B Estimate

Benzinga ·  Aug 29 18:49

For the third quarter of Fiscal 2024 (the 13 weeks ending November 2, 2024), the Company expects:

  • Total sales to increase in the range of 10% to 12%; this assumes comparable store sales will increase in the range of 0% to 2% versus the third quarter of Fiscal 2023;
  • Adjusted EBIT margin to increase in the range of 60 to 80 basis points versus the third quarter of Fiscal 2023;
  • Adjusted Effective Tax Rate to be approximately 25%; and
  • Adjusted EPS in the range of $1.45 to $1.55, as compared to $1.10 in Adjusted EPS last year; prior year period excludes $7 million, net of tax, of expenses related to the acquired Bed Bath & Beyond leases.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment