Edition:
United Kingdom

Burlington Stores reports Q3 adjusted earnings per share of $1.21


Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Burlington Stores Inc ::BURLINGTON STORES, INC. REPORTS THIRD QUARTER 2018 RESULTS ABOVE GUIDANCE AND INCREASES FULL YEAR 2018 SALES AND ADJUSTED EPS OUTLOOK.Q3 ADJUSTED EARNINGS PER SHARE $1.21.Q3 SALES $1.634 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.6 BILLION.Q3 SAME STORE SALES ROSE 4.4 PERCENT.Q3 EARNINGS PER SHARE ESTIMATE $1.06 -- REFINITIV IBES DATA.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.33 TO $6.37.Q3 EARNINGS PER SHARE $1.12.SEES Q4 2018 SALES UP 8 TO 9 PERCENT.FY EARNINGS PER SHARE VIEW $6.23 -- REFINITIV IBES DATA.QUARTER END MERCHANDISE INVENTORIES WERE $1,057 MILLION VERSUS. $904 MILLION LAST YEAR.SEES 2018 NET CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION.SEES 2018 TOTAL SALES TO INCREASE IN RANGE OF 10.9% TO 11.2%.SEES COMPARABLE STORE SALES TO INCREASE IN RANGE OF 2% TO 3% FOR Q4 OF FISCAL 2018.SEES 2018 NET CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION.Q3 COMPARABLE SALES INCREASE 4.4%.