Burlington Stores (BURL) Tops Q3 EPS by 15c, Updates FY Guidance
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Burlington Stores, Inc. Reports Third Quarter 2019 Earnings Above Guidance and Increases Full Year 2019 Adjusted EPS Outlook
November 26, 2019 6:45 AM ESTOn a GAAP basis, total sales rose 8.6%, net income increased 26%, EPS increased 29% to $1.44, and total inventory decreased 5%On a Non-GAAP basis, -- Comparable store sales increased 2.7%, on top of last years 4.4% increase-- Adjusted EPS rose 28% to $1.55, which excludes a $0.02 charge for management transition costs,  above guidance of $1.37-$1.41 -- Comparable store inventory decreased 4%Increasing outlook for FY19 Adjusted EPS to $7.28-$7.33, up from $7.14-$7.22Â
BURLINGTON, N.J., Nov. 26, 2019 (GLOBE NEWSWIRE) -- Burlington Stores, Inc.... More
