Business Corpus: Burlington Stores Earnings Strong, Stock Wavers On GuidancBurlington Stores earnings easily beat Q2 views, but sales were in line and Q3 guidance light. Shares of the off-price retailer fell early Thursday but closed little changed The post Burlington Stores Earnings Strong, Stock Wavers On Guidanc appeared first on Investor's Business Daily.

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Off-price retail chain Burlington Stores (BURL) reported better-than-expected second-quarter earnings Thursday, with revenue and same-store sales in line with views. Burlington stock initially fell on weak guidance for the current quarter, but closed little changed.

Burlington Stores Earnings

Estimates: A 35% jump in Burlington Stores earnings per share to 97 cents. Wall Street expected a 9.5% increase in Q2 revenue to $1.492 billion. Same-store sales were expected to rise 2.9%, according to Consensus Metrix.

Results: Burlington earnings soared to $1.09. Revenue climbed to $1.499 billion. Same-store sales advanced 2.9%.

Outlook: Burlington Stores sees Q3 earnings of $1-$1.04, below views for $1.09. It sees revenue up 11%-12% vs. views for $1.616 billion, up 12.4%. Burlington Stores raised full-year EPS guidance to $6.13-$6.20, including a 6-cent tax gain. That's above the Zacks estimate for $6.05, though Burlington earnings just beat Q2 views by 12 cents.

Burlington Stock

Stock: Shares fell as low as 158.62, but closed down just 0.2% at 166.09 on the stock market today. Burlington stock, as with many other rebounding retailers, is highly rated. Burlington Stores has a Composite Rating of 98 out of a best-possible 99.

Among other off-price chains, TJX (TJX) dipped 1 cent and Ross Stores (ROST) fell 1.2%.

Once known largely for its coats, Burlington Stores over the years has driven sales higher by building out its home, beauty and women's sportswear sections.

Those parts of the store, management has said, have helped to "de-weatherize" the company's overall business.

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The post Burlington Stores Earnings Strong, Stock Wavers On Guidanc appeared first on Investor's Business Daily.