Burlington Stores (BURL) Thursday reported first-quarter profits that came in ahead of estimates, but 澳洲幸运5官方开奖结果体彩网:said it expects tariffs to put "significant pressure" on its margins.

The discount retailer said Thursday it earned an adjusted $1.67 per share in the first quarter, up from $1.42 the 澳洲幸运5官方开奖结果体彩网:same time last year and be𓂃tter than analysts had expected, according to estimates compiled by Visibl🐷e Alpha.

Burlington's comparable sales growth came in flat and revenue was $2.50 billion, each just below the analyst consensus.

"The environment has become more uncertain since March, especially with regard to tariffs," CEO Michael O’Sullivan said. "We anticipate that tariffs will put significant pressure on our merchandise margin, but we are confident that, as long as tariffs do not increase from current levels, we can offset this pressure elsewhere in the [澳洲幸运5官方开奖结果体彩网:profit and loss statement]. These offsets, together with our Q1 earnings favorability, pro🌃vide a path to achieving our original guidance."

O'Sullivan said that the "changing landscape of tariffs creates risks and opportunities for our business," but said the company does not believe the tariffs will "change the longer-term structural dynamics of the retail industry."

Burlington affirmed its outlook for the full year it 澳洲幸运5官方开奖结果体彩网:laid out last quarter, and projects second-quarter ꦇrevenue growth of 5% to 7% with comparable store sales flat to up 2%, and adjusted EPS between $1.20 to $1.30. Analysts expect revenue growth of more than 7%,⭕ with 1.95% comparable sales growth and adjusted EPS of $1.36 for the quarter.

Afℱter rising in premarke🐷t trading, Burlington shares were little changed in recent trading, and are down about 16% since the start of the year.