Overview

• U.S. off-price retailer's fiscal Q1 sales rose 14% yr/yr, adjusted EPS up 26%

• Comparable store sales increased 6%, driven by ahead-of-plan sales and margin expansion

• Company repurchased $81 mln in shares during the quarter

Outlook

• Burlington Stores expects full-year adjusted EPS of $11.45-$11.80

• Company expects Fiscal 2026 total sales to rise 9%-11%, comp store sales up 2%-4%

• Burlington Stores sees Q2 adjusted EPS between $2.05 and $2.20

Result Drivers

• AHEAD-OF-PLAN SALES - Co said stronger-than-expected sales contributed to operating margin expansion

• GROSS MARGIN IMPROVEMENT - Gross margin rate rose 30 basis points, helped by higher merchandise margin and lower freight expense

• SUPPLY CHAIN LEVERAGE - Co cited leverage on supply chain expenses as a factor in margin expansion

Company press release: ID:nGNX8Q9PL4

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Net sales		$2.85 bln
Q1 EPS		$1.79
Q1 Net Income		$114.74 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for Burlington Stores Inc is $370.00, about 13.4% above its May 27 closing price of $326.23

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 27 three months ago

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