Burlington Stores (NYSE:BURL) reported better-than-expected Q1 earnings and reaffirmed its full-year outlook.
Adjusted EPS came in at $1.67, surpassing the consensus estimate of $1.43. Revenue rose 6% year-over-year to $2.5 billion, just below the $2.52 billion forecast. Comparable store sales were flat, matching the company’s guidance, with overall sales growth driven by new store openings.
CEO Michael O’Sullivan noted that about half of the Q1 EPS beat stemmed from favorable expense timing, which is expected to impact Q2 results.
Burlington maintained its 2025 adjusted EPS guidance of $8.70 to $9.30, versus a $9.26 consensus. For Q2, the company expects sales growth of 5% to 7%, comp sales growth of 0% to 2%, and adjusted EPS of $1.20 to $1.30.
