Burlington Stores — Nov 26, 2024 release

This assumes a fully diluted share count of approximately 65 million shares. For the fourth quarter of Fiscal 2024 (the 13 weeks ending February 1, 2025), the Company expects:  • Total sales to increase in the range of 5% to 7%; this assumes comparable store sales will increase in the range of 0% to 2% versus the fourth quarter of Fiscal 2023; • Adjusted EBIT margin to decrease 50 to 80 basis points versus the fourth quarter of Fiscal 2023;   • An effective tax rate of approximately 26%; and  3     • Adjusted EPS in the range of $3.55 to $3.75, as compared to $3.69 in Adjusted EPS last year; prior year period excludes $4 million, net of tax, of expenses related to the acquired Bed Bath & Beyond leases. The Company has not presented a quantitative reconciliation of the forward-looking non-GAAP financial measures set out above to their most comparable GAAP financial measures because it would require the Company to create estimated ranges on a GAAP basis, which would entail unreasonable effort. Adjustments required to reconcile forward-looking non-GAAP measures cannot be predicted with reasonable certainty but may include, among others, costs related to debt amendments, loss on extinguishment of debt, and impairment charges, as well as the tax effect of such items. Some or all of those adjustments could be significant. Note Regarding Non-GAAP Financial Measures The foregoing discussion of the Company’s operating results includes references to Adjusted SG&A, Adjusted EBITDA, Adjusted Net Income, A