FINANCE

Burlington Stores Q2 comparable sales rise 19 percent

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Burlington Stores, Inc. reported total sales increase of 34 percent compared to the second quarter of fiscal 2019 to 2,213 million dollars, while comparable store sales increased 19 percent. Global logistics systems are experiencing a large imbalance between supply-demand. This is driving up freight costs and supply chain expenses, and it will place significant pressure on our margins throughout the year,” stated Michael O’Sullivan (CEO).

Highlights of Burlington Stores’ Q2 results Adjusted EBIT increased 55 % to 183 Million Dollars, an increase in 110 basis points as percentage of sales.

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Burlington Stores posts H1 sales increase of 34 percent The adjusted EBIT grew 79 percent, or 185 million USD to 421,000,000 dollars. This is an increase of 240 base points as a percentage sales.

Adjusted net Income of 309 million dollars was up 75 percent, while adjusted EPS was 4.53 dollars against 2.62 dollars in the prior year period, an increase of 73 percent.