On August 27, Burlington fell 5.02% in regular trading, trading at $297.1/share, with turnover of $472 million.

On the news front, the company released its fiscal Q2 earnings report, delivering adjusted EPS of $2.37, up 37.8% year-over-year and surpassing the consensus estimate of $2.18 by approximately 8.7%. Revenue came in at $3.002 billion, up 11% year-over-year but slightly below the $3.02 billion estimate. This marked the 15th consecutive quarter of double-digit EPS growth.

However, the stock came under heavy selling pressure due to a sharply disappointing Q3 outlook. Burlington guided fiscal Q3 adjusted EPS of $1.60 to $1.70, far below the analyst consensus of $2.04, with comparable store sales growth expected at just 1% to 3%. Full-year adjusted EPS guidance was raised to $11.77-$11.97, but the midpoint still fell short of the Street estimate of $11.97. The wide gap between near-term guidance and expectations overshadowed the strong quarterly results.

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