U.S. Stock Movement | Q2 Earnings Exceed Expectations, Burlington Stores Rises Over 6%

On Thursday, Burlington Stores rose over 6%, reaching a nearly four-year high of $298.46. In terms of news, the company released its Q2 fiscal year 2025 financial report on August 28, with revenue of $2.705 billion, a year-on-year increase of 10%, exceeding market expectations of $2.652 billion; comparable store sales grew by 5%, and adjusted earnings per share were $1.72, significantly surpassing the expected range of $1.29-$1.32. Burlington raised its adjusted earnings per share guidance for fiscal year 2025 to $9.19-$9.59, up from the previous expectation of $8.70-$9.30, and expects total sales to grow by 7%-8% year-on-year. Burlington continues to advance its "Store Experience 2.0" renovation plan, having completed upgrades in over half of its stores, and plans to open a net 100 new stores in both 2025 and 2026 to strengthen its competitiveness in the discount retail market