MKM Partners Upgrades Burlington Stores (BURL) to Buy
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Burlington Stores, Inc. Announces Second Quarter and First Half Fiscal 2016 Results, Exceeding Prior Guidance; Raises Fiscal Year 2016 Outlook
August 25, 2016 6:45 AM EDTFor the Fiscal 2016 Second Quarter vs the Fiscal 2015 Second Quarter:
On a GAAP basis, net sales rose 9.7%, net income increased 87% and diluted net income per share rose 100% On a Non-GAAP basis, Comparable store sales increased 5.4% Adjusted Net Income per Share rose 105% to $0.39 Adjusted EBITDA increased 31% to $99.1 million Comparable store inventory decreased 7% and turnover improved 15%BURLINGTON,... More
