Burlington Stores, Inc. announced its first quarter fiscal year 2025 results on May 29, 2025, with total sales increasing 6.1% to $2.50 billion and comparable store sales remaining flat, aligning with guidance. Adjusted EPS rose 18% to $1.67, and Adjusted EBIT Margin expanded by 30 basis points to 6.1%, exceeding expectations.
The profitability improvement was driven by a 30 basis point increase in gross margin to 43.8% and a decrease in SG&A as a percentage of sales to 34.7%. CEO Michael O’Sullivan noted that approximately half of the earnings beat was due to timing favorability expected to reverse in Q2, alongside early expense savings.
The company reaffirmed its full-year Fiscal 2025 guidance, projecting total sales growth of 6% to 8% and comparable store sales of flat to 2%. Adjusted EBIT margin is expected to be flat to an increase of 30 basis points, with Adjusted EPS between $8.70 and $9.30. Burlington also authorized a new $500 million share repurchase program through May 2027.
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