Burlington Stores, Inc. reported a 10% increase in total sales, with net income at $94 million and diluted EPS at $1.47. Comparable store sales grew 5%. Adjusted EBIT margin increased by 120 basis points and adjusted EPS by 39% to $1.72. Full-year adjusted EPS guidance raised to $9.19-$9.59. Inventory increased by 16% to $1,415 million.

For the first six months of Fiscal 2025, total sales increased by 8% compared to the same period in Fiscal 2024. Net income rose by 28% to $195 million. Adjusted EBIT increased by 80 basis points as a percentage of sales. Adjusted EPS was $3.39 compared to $2.66 in the prior period.

The company ended the second quarter of Fiscal 2025 with $1,694 million in liquidity. Total outstanding debt was $2,039 million. During the quarter, the company repurchased $26 million worth of common stock. The company expects total sales to increase by 7-8% for the fiscal year 2025, with adjusted EPS in the range of $9.19 to $9.59.

Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBIT, Adjusted SG&A, and Adjusted Effective Tax Rate were calculated as non-GAAP financial measures. Adjusted Net Income for the second quarter was $101,757, resulting in an Adjusted EPS of $1.59. Adjusted EBITDA for the same period was $245,699. Adjusted SG&A for the quarter was $732,267. Adjusted Effective Tax Rate was 26.0%.

The Company’s strong performance in the second quarter led to an increase in adjusted EPS and EBIT margin. Adjusted net income and comparable store sales growth were key highlights. The company’s focus on off-price strategies and growth initiatives drove these results, with a positive outlook for the remainder of the fiscal year.

Read more at GlobeNewswire: Burlington Stores, Inc. Reports Second Quarter 2025