Burlington Stores Raises FY24 Outlook: Adj EPS from $7.35-7.75 to $7.66-$7.96 vs $7.69 Est; Sales Guidance from $10.51B-10.70B to $10.59B-$10.70B vs $10.60B Est
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has raised its FY24 outlook, increasing its adjusted EPS guidance to $7.66-$7.96 and sales guidance to $10.59B-$10.70B. The company expects a 9%-10% sales increase, plans to open 100 new stores, and anticipates a 50-70 basis point increase in adjusted EBIT margin.
August 29, 2024 | 10:54 am
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Burlington Stores has increased its FY24 guidance, raising adjusted EPS to $7.66-$7.96 and sales to $10.59B-$10.70B. The company plans to open 100 new stores and improve EBIT margin by 50-70 basis points.
The raised guidance for both EPS and sales indicates strong expected performance, likely boosting investor confidence and positively impacting the stock price. The plan to open 100 new stores and improve EBIT margin further supports a positive outlook.
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