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Burlington Stores Raises Annual Outlook As CEO Highlights Strong Margins

Burlington Stores, Inc. (NYSE:BURL) stock surged after it posted second-quarter fiscal 2025 revenue of $2.705 billion, up 10% from a year earlier and above the $2.652 billion consensus estimate. Comparable store sales rose 5%.

Net income was $94 million, or $1.47 per diluted share, versus $74 million, or $1.15 per share, a year ago. Adjusted earnings were $1.72 per share, up from $1.24 last year and ahead of the $1.32 estimate.

Gross margin expanded 90 basis points to 43.7%, helped by stronger merchandise margin and lower freight expense. Adjusted EBIT margin rose 120 basis points, with adjusted EBIT of $162 million compared with $118 million last year.

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Adjusted EBITDA increased to $257 million from $205 million. SG&A expenses were 35.2% of sales, while adjusted SG&A improved to 26.7% from 27.0%.

For the first six months of fiscal 2025, revenue grew 8% to $5.21 billion. Net income was $195 million, or $3.05 per share, versus $152 million, or $2.37 per share, a year ago.

Adjusted net income rose to $217 ...