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Burlington Stores fiscal Q1 profit climbs 85.6% YOY

Burlington Stores Inc. said its normalized net income for the fiscal first quarter ended May 2 was 36 cents per share, compared with the S&P Capital IQ consensus estimate of 41 cents per share.

EPS rose 83.1% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.5 million, an increase of 85.6% from $14.8 million in the year-earlier period.

The normalized profit margin climbed to 2.3% from 1.3% in the year-earlier period.

Total revenue rose year over year to $1.18 billion from $1.13 billion, and total operating expenses climbed from the prior-year period to $1.13 billion from $1.08 billion.

Reported net income grew year over year to $26.0 million, or 34 cents per share, from $12.1 million, or 16 cents per share.