Burlington Stores stock falls 2.88% as weak Q3 outlook offsets earnings beat

Burlington Stores Inc. reported fiscal second-quarter 2026 adjusted earnings of $2.37 per share, above the $2.18 consensus estimate, while revenue rose about 11% to $3.002 billion, slightly below expectations. GAAP net income nearly doubled to $184 million, gross margin expanded 250 basis points to 46.2%, and comparable-store sales increased 2%. The quarter marked the company’s 15th consecutive period of double-digit earnings growth, helped by margin expansion and a $55 million tariff-refund benefit. Shares fell 2.88% after Burlington forecast third-quarter adjusted earnings of $1.60-$1.70 per share, below the $2.03 consensus, and sales of $2.954 billion-$3.009 billion. Chief Executive Officer Michael O’Sullivan said persistently higher gasoline prices were straining moderate- and lower-income households. Burlington raised its full-year adjusted earnings outlook to $11.77-$11.97 per share and sales forecast to $12.724 billion-$12.839 billion, while planning about 115 net new stores and roughly $875 million in capital investments.

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Burlington Stores stock falls 2.88% as weak Q3 outlook offsets earnings beat - CoinPost Terminal