Burlington Stores Q3 Outlook: Adj. EPS $1.45-$1.55 Vs. $1.36 Estimate, Revenue $2.52B - $2.56B Vs. $2.529B Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has released its Q3 Fiscal 2024 outlook, projecting adjusted EPS between $1.45 and $1.55, surpassing the $1.36 estimate. Revenue is expected to be between $2.52B and $2.56B, slightly above the $2.529B estimate. The company anticipates a 10% to 12% increase in total sales and a 0% to 2% rise in comparable store sales. Adjusted EBIT margin is expected to grow by 60 to 80 basis points, with an adjusted effective tax rate of approximately 25%.
August 29, 2024 | 10:49 am
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Burlington Stores' Q3 outlook shows strong performance with EPS and revenue projections exceeding estimates. The company expects significant sales growth and improved EBIT margins.
Burlington Stores' projected EPS and revenue for Q3 exceed analyst estimates, indicating strong financial performance. The expected increase in total sales and EBIT margin suggests operational improvements, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100