Quarterly ResultMay 28, 2026, 06:47 AM
Burlington Stores Q1 Adj. EPS $2.10, Sales +14%; Raises FY26 Guidance
AI Summary
Burlington Stores reported strong first-quarter Fiscal 2026 results, with Adjusted EPS increasing 26% to $2.10, significantly exceeding guidance. Total sales grew 14% to $2.85 billion, driven by a 6% rise in comparable store sales. Following this robust performance, the company raised its full-year Fiscal 2026 sales and earnings guidance, projecting Adjusted EPS between $11.45 and $11.80 and total sales growth of 9% to 11%.
Key Highlights
- Q1 Adjusted EPS increased 26% to $2.10, exceeding guidance.
- Q1 Total sales rose 14% to $2,852 million.
- Q1 Comparable store sales increased 6%.
- Net income for Q1 was $115 million, with diluted EPS of $1.79.
- Full year FY26 Adjusted EPS guidance raised to $11.45-$11.80.
- Full year FY26 total sales guidance raised to 9%-11% increase.
- Q1 Gross margin rate improved 30 basis points to 44.1%.
- Repurchased 257,906 shares for $81 million in Q1.
Price Impact
More from BURL