By Connor Hart

Burlington Stores raised its outlook for the year after logging higher profit and sales in its fiscal first quarter, as concerns about inflation and the economy continued driving consumers to seek value.

The off-price retailer on Thursday posted net income of $114.7 million, or $1.79 a share, for its three months ended May 2, compared with $100.8 million, or $1.58 a share, a year earlier.

Adjusted earnings came in at $2.10 a share. Analysts surveyed by FactSet expected $1.80 a share.

Sales jumped 14% to $2.85 billion, ahead of Wall Street models for $2.8 billion.

Comparable sales--which account for store openings and closings--rose 6%, compared with analyst views for a 4.6% increase.

Looking ahead, Burlington guided for adjusted earnings of $2.05 to $2.20 a share on sales growth of 10% to 12% in the current quarter. Same-store sales are projected to grow 1% to 3%.

Analysts are looking for adjusted earnings of $1.93 a share, roughly 10% sales growth and for comparable sales to be up 2.1% in the quarter.

For the year, the company now expects adjusted earnings of $11.45 to $11.80 a share, compared with a prior forecast of $10.95 to $11.45 a share.

Full-year sales are forecast to grow 9% to 11%, up from a previous view of up 8% to 10%, and comparable sales are expected to grow 2% to 4%, up from a prior forecast of up 1% to 3%.

Analysts had projected adjusted earnings of $11.49 a share, roughly 10% sales growth and for comparable sales to climb 3.1% for the year.

Consumers have flocked to off-price retailers like Burlington as worries about inflation and the path of the economy have prompted them to look for deals. In March, Burlington said its customers have shown resilience, and that spending remained strong across all income levels and demographic segments.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 28, 2026 07:23 ET (11:23 GMT)

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