The earnings call reflects a cautiously optimistic outlook with substantial growth plans and improvements in execution, but acknowledges challenges such as weather impacts and supply chain costs. Overall, the sentiment is positive, with significant focus on future growth and margin recovery.

Company Guidance

During Burlington Stores, Inc.'s third-quarter earnings call for fiscal 2024, the company reported a 6% increase in comparable store sales, which landed at the midpoint of their guidance range of 5% to 7%. Despite unseasonably warm weather in October impacting outerwear sales, Burlington maintained its fourth-quarter guidance, expecting comp growth between negative 2% and flat. Looking ahead, Burlington shared a long-range financial model projecting total sales growth to approximately $16 billion over the next five years, representing around 60% aggregate growth from 2023, with a low double-digit average annual sales growth rate. Additionally, the company anticipates opening about 500 net new stores, achieving mid-single-digit comp sales growth annually, and expanding operating margins to 10% by 2028, supported by new store openings, operational efficiencies, and sales leverage. For 2024, Burlington forecasts a 2% comp growth and plans to capture 50 basis points in operating margin expansion.

Comp Store Sales Increase

Comp store sales for the third quarter increased by 6%, which was within the guidance range of 5% to 7%.

Long-Term Growth Expectations

Burlington expects to grow total sales to approximately $16 billion over the next 5 years, representing 60% aggregate growth versus 2023.

Operating Margin Recovery

Burlington aims to increase its operating margin to approximately 10% by 2028, with an expected operating income growth to $1.6 billion, nearly tripling the forecasted 2023 operating income.

New Store Openings

Burlington plans to open approximately 500 net new stores over the next 5 years, with an average of 100 net new store openings per year.

Q3 EPS Performance

Adjusted EPS for Q3 was $1.10, near the high end of the guidance range of $0.97 to $1.12.

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Burlington Stores Inc (DE:BUI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:BUI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 30, 2018	2018 (Q2)	- / 1.12	0.699	59.72% (+0.42)	―	―
Nov 28, 2018	2018 (Q3)	- / 1.17	0.679	72.86% (+0.49)	―	―
Mar 07, 2019	2018 (Q4)	- / 2.75	2.106	30.41% (+0.64)	―	―
May 30, 2019	2019 (Q1)	- / 1.22	1.223	0.00% (0.00)	―	―
Aug 29, 2019	2019 (Q2)	- / 1.32	1.116	18.26% (+0.20)	―	―
Nov 26, 2019	2019 (Q3)	- / 1.50	1.174	28.10% (+0.33)	―	―
Mar 05, 2020	2019 (Q4)	- / 3.15	2.746	14.84% (+0.41)	―	―
May 28, 2020	2020 (Q1)	- / -4.62	1.223	-477.78% (-5.84)	―	―
Aug 27, 2020	2020 (Q2)	- / -0.54	1.32	-141.18% (-1.86)	―	―
Nov 24, 2020	2020 (Q3)	- / 0.28	1.504	-81.29% (-1.22)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:BUI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 26, 2024	€284.00	€282.00	-0.70%
Aug 29, 2024	€250.00	€248.00	-0.80%
May 30, 2024	€182.00	€187.00	+2.75%
Mar 07, 2024	€195.00	€187.00	-4.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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