- Burlington Stores (NYSE:NYSE:BURL) reports comparable-store sales rose 5.4% in Q2.
- Gross margin rate up 40 bps to 39.6%.
- SG&A expense rate improved 110 bps to 27.3%.
- Adjusted EBITDA increased 31.4% to $99.1M.
- Merchandise Inventories -7.1% Y/Y to $745M.
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Q3 Guidance: Net sales: +7.1% to +8.1%; Comparable-store sales: +2.5% to +3.5%; Adjusted diluted EPS: $0.30 to $0.32; Fully diluted share count: ~72M.
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FY2016 Guidance: Net sales: +7.8% to +8.3%; Comparable-store sales: +3.6% to +4.1%; Adjusted EBITDA margin: +50 bps to +60 bps; Interest expense: ~$59M; Adjusted diluted EPS: $2.92 to $2.96; Fully diluted share count: ~72.1M; Net new stores: 25.
- BURL +3.18% premarket.