Burlington Stores reported second-quarter results on August 27, with adjusted earnings per share jumping 38% to $2.37 after stripping out a $55 million tariff refund reinvested into customer prices. Total sales climbed 11% to $2,998 million, and the company opened 51 gross new stores, 45 net, bringing its total to 1,287 locations. Adjusted EBIT margin expanded 100 basis points to 7.0%, while net income reached $184 million. However, comparable store sales rose just 2%, with cannibalization from rapid store openings reaching 1.5 percentage points, and management flagged weather from late September as a critical swing factor for Q3. Third-quarter adjusted EPS is guided to $1.60 to $1.70, down from $1.80 a year ago, as 40% of the tariff refund is spent in the quarter. Hedge fund ownership rose to 49 funds, and short interest stands at 6.36% of float.
Burlington Stores IncQ2 earnings beat with EPS up 38%, sales up 11%, and margin expansion, though comps and Q3 guidance are soft.
