Edition:
United Kingdom

Burlington Stores Q1 Adjusted Earnings Per Share $1.26


Thursday, 30 May 2019 

May 30 (Reuters) - Burlington Stores Inc ::BURLINGTON STORES INC REPORTS FIRST QUARTER 2019 RESULTS AND UPDATES FISCAL 2019 OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE $1.26.Q1 EARNINGS PER SHARE $1.15.Q1 SALES $1.629 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.61 BILLION.Q1 SAME STORE SALES ROSE 0.1 PERCENT.Q1 EARNINGS PER SHARE ESTIMATE $1.25 -- REFINITIV IBES DATA.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $1.11 TO $1.15.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $6.93 TO $7.01 EXCLUDING ITEMS.SEES FY 2019 SALES UP 8.5 TO 9.2 PERCENT.SEES Q2 2019 SALES UP 8 TO 9 PERCENT.OUR Q1 SALES RESULTS CAME IN AT LOW END OF OUR EXPECTATIONS.SAW STRENGTH IN CHILDREN'S APPAREL, BABY DEPOT AND HOME BUSINESSES IN QUARTER.SEES Q2 COMPARABLE STORE SALES TO INCREASE 1% TO 2%.MERCHANDISE INVENTORIES WERE $896 MILLION AT QUARTER-END VERSUS. $787 MILLION LAST YEAR.SEES FULL YEAR COMPARABLE STORE SALES INCREASE OF 1.3% TO 2.1%.WILL APPROXIMATELY $4 MILLION IN MANAGEMENT TRANSITION COSTS IN FISCAL 2019.INCREMENTAL EXPENSE, ABOUT $0.05 PER SHARE, WILL NEGATIVELY IMPACT EARNINGS IN SECOND HALF OF FISCAL 2019.Q2 EARNINGS PER SHARE VIEW $1.13, REVENUE VIEW $1.62 BILLION -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $7.02, REVENUE VIEW $7.26 BILLION -- REFINITIV IBES DATA.