Q1 2025 Burlington Stores Inc Earnings Call Transcript
Key Points
- Total sales grew by 6% on top of 11% growth last year, indicating strong overall performance.
- EBIT margin increased by 30 basis points, and adjusted EPS was up 18% over last year.
- Burlington Stores Inc (BURL) is maintaining its full-year 2025 guidance, showing confidence in its strategic plans.
- The company has a robust plan to open 100 net new stores in 2025, with a strong pipeline for 2026.
- Burlington Stores Inc (BURL) has successfully acquired 46 leases from Joanne's fabrics, enhancing its store expansion strategy.
- Comp store sales were flat, indicating a slowdown in growth compared to previous periods.
- The impact of tariffs and the state of the consumer are major sources of uncertainty, potentially affecting future performance.
- There is concern about macroeconomic indicators, with increased probability estimates for a recession later this year.
- The company faces potential risks from inflation, which could impact consumer spending, especially among lower-income customers.
- The volatility in imports could lead to increased ocean freight expenses, posing a risk to maintaining contracted rates.
Hello, everyone and welcome to Burlington Stores Inc, first-quarter 2025 earnings call. Please note that this call is being recorded. (Operator Instructions)
Thank you. I'd now like to hand the call over to David Glick, Group Senior Vice President, Investor Relations and Treasurer. You may now begin, sir.
Thank you, operator, and good morning everyone. We appreciate everyone's participation in today's conference call to discuss Burlington's fiscal 2025 first-quarter operating results. Our presenters today are Michael O'Sullivan, our Chief Executive Officer; and Kristin Wolfe, our EVP and Chief Financial Officer.
Before I turn the call over to Michael, I would like to inform listeners that this call may not be transcribed, recorded, or broadcast without our express permission. Replay of the call will be available until June 5, 2025. We take no responsibility for inaccuracies that may appear in transcripts of this call by third parties. A remarks in
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