Burlington Stores Q3 Adj. EPS Outlook of $0.86 - $1.01 Vs. $0.87 Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has provided its Q3 2023 outlook, expecting total sales to increase by 13% to 15%, adjusted EBIT margin to increase by 130 to 180 basis points, an effective tax rate of approximately 26%, and adjusted EPS in the range of $0.86 to $1.01. This includes $0.11 per share of expected incremental expenses associated with the recently acquired Bed Bath & Beyond leases.
August 24, 2023 | 10:50 am
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Burlington Stores expects an increase in total sales, adjusted EBIT margin, and adjusted EPS for Q3 2023. This includes expenses from the recently acquired Bed Bath & Beyond leases.
The company's positive outlook for Q3 2023 indicates strong performance and growth, which is likely to positively impact the stock price. However, the expenses from the recently acquired Bed Bath & Beyond leases could slightly dampen the positive impact.
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