Burlington Stores: Fiscal 1Q Earnings Snapshot
BURLINGTON, N.J. (AP) _ Burlington Stores Inc. (BURL) on Thursday reported fiscal first-quarter profit of $77.8 million.
The Burlington, New Jersey-based company said it had net income of $1.15 per share. Earnings, adjusted for pretax expenses, were $1.26 per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $1.26 per share.
The discount retailer posted revenue of $1.63 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.62 billion.
For the current quarter ending in August, Burlington Stores expects its per-share earnings to range from $1.11 to $1.15.
The company expects full-year earnings in the range of $6.93 to $7.01 per share.
Burlington Stores shares have declined 10% since the beginning of the year. The stock has climbed almost 8% in the last 12 months.