Burlington Stores, Inc. (NYSE:BURL) posted mixed quarterly results and raised its outlook on Tuesday.
The company reported third-quarter adjusted earnings per share of $1.80, beating the analyst consensus estimate of $1.64. Quarterly sales of $2.710 billion (+7% year over year) missed the Street view of $2.739 billion. Comparable store sales increased 1%.
“Traffic to our stores fell off significantly after the back-to-school period driven by unseasonably warm temperatures in our major markets,” Michael O’Sullivan, CEO, said. “Our comp trend then picked up to mid-single-digits in mid-October once the weather cooled, and that strong trend has continued through the first three weeks of November.”
Burlington Stores lifted its 2025 adjusted EPS …