Burlington Stores Reports 6% Sales Increase

By Tamara Parker • Thursday, May 29 15:22 • Permanent Link

Burlington Stores, Inc. has reported its first quarter 2025 earnings, revealing a 6% increase in total sales compared to the first quarter of fiscal 2024, reaching $2,500 million. Comparable store sales were flat, in line with the midpoint of guidance and on top of 2% growth last year. Net income was $101 million, with diluted earnings per share (EPS) at $1.58. Adjusted EPS increased 18% to $1.67, surpassing guidance.

The company's adjusted EBIT margin increased by 30 basis points, exceeding guidance, while adjusted EBITDA increased to $244 million, an increase of 50 basis points as a percentage of sales compared to the first quarter of fiscal 2024. Adjusted EBIT reached $152 million, a 30 basis points increase as a percentage of sales.

Regarding inventory, merchandise inventories were reported at $1,315 million, a 15% increase compared to the first quarter of fiscal 2024. However, comparable store inventories decreased by 8% compared to the same period last year.

The company ended the first quarter of fiscal 2025 with $1,119 million in liquidity, consisting of $371 million in unrestricted cash and $748 million in availability on its ABL facility. Additionally, the company repurchased 445,285 shares of its common stock under its share repurchase program for $105 million.

Looking ahead, for the fiscal year 2025, Burlington Stores expects total sales to increase in the range of 6% to 8% on top of the 11% increase during fiscal 2024. The company anticipates opening approximately 100 net new stores and expects adjusted EPS in the range of $8.70 to $9.30, compared to $8.35 of adjusted EPS last year.

The company's conference call to discuss the first quarter results will be held on May 29, 2025, at 8:30 a.m. ET.

Burlington Stores, Inc. is a nationally recognized off-price retailer with fiscal 2024 net sales of $10.6 billion, operating 1,115 stores in 46 states, Washington D.C., and Puerto Rico.

Today the company's shares have moved -5.31% to a price of $225.9268. For the full picture, make sure to review Burlington Stores's 8-K report.

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