Burlington Stores, Inc. (NYSE:BURL) reported Thursday that first-quarter net income rose to $115 million. The off-price retailer earned $1.79 per diluted share, up from $1.58 per diluted share a year earlier.

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Q1 Results Beat Estimates

Adjusted EPS was $2.10, beating the $1.78 estimate. Sales were $2.856 billion, above the $2.799 billion estimate. Total sales rose 14% to $2.852 billion, while comparable store sales increased 6%.

"We are raising our full-year Fiscal 2026 sales and earnings guidance, passing through the entire upside from the first quarter to the full year. Our updated guidance is for comp store sales to increase 2% to 4%, and for EPS growth of 13% to 16%. These numbers underscore our ability to convert incremental comp sales into very strong earnings growth,” stated CEO Michael O'Sullivan.

Margins Expand On Sales Strength

Gross margin expanded 30 basis points to 44.1%, reflecting gains in merchandise margin and ...