Burlington Stores, Inc. Reports Second Quarter 2024 Earnings

• Total sales growth of 13%; comparable store sales growth of 5%
• Net income was $74 million and diluted earnings per share were $1.15.
• Excluding certain costs associated with acquired BBBY lease agreements:
  • Adjusted EBIT margin increased by 160 basis points
  • Adjusted earnings per share rose 98% to $1.24
  • Adjusted EPS forecast for FY24 raised to $7.66-$7.96

BURLINGTON, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized discount retailer of high-quality, branded apparel, footwear, accessories and housewares at everyday low prices, today announced results for the second quarter ended August 3, 2024.

Michael O’Sullivan, CEO, said: “We are pleased with our second quarter results. Comparable store sales increased 5%, while total sales increased 13%. Both metrics were well above our expectations.”