Sales Performance - Total sales increased by 11% to $2,526 million, with comparable store sales growth of 1%[3] - Net sales for the three months ended November 2024 were $2,526,174 thousand, a 10.6% increase compared to $2,284,673 thousand in the same period last year[25] - Total revenue for the nine months ended November 2024 reached $7,357,766 thousand, up 11.5% from $6,601,109 thousand in the prior year period[25] - For FY24, the company raised adjusted EPS guidance to $7.76-$7.96 and expects total sales growth of 9%-10%[2][11] - For Q4 FY24, the company expects total sales growth of 5%-7% and adjusted EPS in the range of $3.55-$3.75[12][13] Profitability and Earnings - Net income was $91 million, with diluted EPS of $1.40, and adjusted EPS increased by 41% to $1.55[2][5] - Adjusted EBIT margin increased by 80 basis points, driven by higher gross margin and leverage on supply chain expenses[3][5] - Gross margin rate improved by 70 basis points to 43.9%, with merchandise margin expanding by 50 basis points[5] - Adjusted EBITDA increased by 100 basis points to $229 million, and adjusted EBIT increased by 80 basis points to $141 million[5] - Net income for the nine months ended November 2024 was $242,871 thousand, a 116.5% increase compared to $112,191 thousand in the same period last year[25] - Diluted net income per common share for the nine months ended November 2024 was $3.77, up 117.9% from $1.73 in the prior year period[25] - Adjusted Net Income for the three months ended November 2, 2024 was $99.895 million, compared to $63.828 million for the same period in 2023[40] - Adjusted EPS for the three months ended November 2, 2024 was $1.55, compared to $0.98 for the same period in 2023[40] - Adjusted EBITDA for the three months ended November 2, 2024 was $228.786 million, compared to $175.563 million for the same period in 2023[40] - Net income for the nine months ended November 2, 2024 was $242.871 million, compared to $112.191 million for the same period in 2023[40] - Adjusted Net Income for the nine months ended November 2, 2024 was $264.195 million, compared to $157.698 million for the same period in 2023[40] - Adjusted EPS for the nine months ended November 2, 2024 was $4.10, compared to $2.43 for the same period in 2023[40] - Adjusted EBITDA for the nine months ended November 2, 2024 was $641.990 million, compared to $473.689 million for the same period in 2023[40] Inventory and Assets - Merchandise inventories increased by 8% to $1,441 million, while comparable store inventories decreased by 2%[7] - Merchandise inventories as of November 2, 2024 were $1,440,695 thousand, a 32.5% increase compared to $1,087,841 thousand at the beginning of the period[27] - Total assets as of November 2, 2024 were $8,442,860 thousand, a 9.5% increase from $7,706,840 thousand at the beginning of the period[27] Cash Flow and Capital Expenditures - Cash and cash equivalents as of November 2, 2024 were $857,800 thousand, a decrease of 7.3% from $925,359 thousand at the beginning of the period[27][30] - Net cash provided by operating activities for the nine months ended November 2024 was $320,212 thousand, an 18.5% increase compared to $270,196 thousand in the prior year period[31] - Cash paid for property and equipment for the nine months ended November 2024 was $527,065 thousand, a 73.1% increase compared to $304,442 thousand in the prior year period[31] - The company plans to open 101 net new stores and expects capital expenditures of approximately $750 million[11] Share Repurchase Program - The company repurchased 213,372 shares for $56 million, with $325 million remaining in the share repurchase program[10] Adjusted Metrics and Expenses - Adjusted SG&A for the three months ended November 2, 2024 was $679.995 million, compared to $622.735 million for the same period in 2023[40] - Adjusted Effective Tax Rate for the three months ended November 2, 2024 was 23.5%, compared to 25.0% for the same period in 2023[42] - Adjusted SG&A for the nine months ended November 2, 2024 was $1.986 billion, compared to $1.774 billion for the same period in 2023[40]

Total sales growth of 11% on top of 12% last yearComparable store sales growth of 1% on top of 6% last yearNet income was $91 million, and diluted EPS was $1.40 Excluding certain expenses associated with acquired BBBY leases: Adjusted EBIT margin increased 80 basis points Adjusted EPS increased 41% to $1.55 Adjusted EPS guidance for FY24 raised to $7.76-$7.96 BURLINGTON, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality ...

As Burlington Stores, Inc. (BURL) readies to announce its third-quarter fiscal 2024 earnings, investors are closely watching for insights into the company's performance amid a challenging retail landscape. The earnings report, scheduled for release on Nov. 26 before the opening bell, is expected to provide critical indicators of how Burlington Stores has navigated recent economic shifts.The company is anticipated to show a notable increase in its top line. The Zacks Consensus Estimate for revenues is curren ...

In its upcoming report, Burlington Stores (BURL) is predicted by Wall Street analysts to post quarterly earnings of $1.54 per share, reflecting an increase of 57.1% compared to the same period last year. Revenues are forecasted to be $2.56 billion, representing a year-over-year increase of 11.9%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

The market expects Burlington Stores (BURL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 26, 2024, might help the stock move higher if these key nu ...

BURLINGTON, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, will release its third quarter fiscal year 2024 results before the U.S. stock market opens on Tuesday, November 26, 2024. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Burlington Stores, Inc. (NYSE: BURL) on behalf of the company's shareholders.  The investigation seeks to determine whether Burlington Stores's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of Burlington Stores, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https ...

Burlington Stores Inc (BURL) Performance - The company has solidified its position as a leading off-price retailer by prioritizing customer value, enhancing supply-chain performance, and expanding its reach [1] - In Q2 2024, BURL achieved 13% YoY sales growth, driven by store expansion and a 5% increase in comparable store sales [3] - BURL added 36 stores in Q2, reaching a total of 1,057 locations, with plans to open 100 new stores by the end of fiscal 2024 [4] - Operating margins improved by 160 basis points YoY, and gross margins expanded by 110 basis points due to strong inventory management and higher full-price sales [5] - The company updated its fiscal 2024 guidance, expecting total sales growth of 9-10%, up from the previous 8-10%, and comparable store sales growth of 2-3%, up from 0-2% [7] - Adjusted operating margin is forecast to increase by 50-70 basis points, and adjusted EPS is expected to be $7.66-$7.96, up from $7.35-$7.75 [8] - For Q3 2024, BURL anticipates total sales growth of 10-12%, comparable sales growth of 0-2%, and an adjusted EBIT margin improvement of 60-80 basis points [9] - In Q4 2024, comparable sales are expected to be flat or rise by 2%, with total sales growth projected at 5-7% [9] Skechers (SKX) Performance - Skechers is focusing on expanding its direct-to-consumer segment and growing international sales, with investments in store openings and omnichannel capabilities [10] - For fiscal 2024, SKX expects sales between $8.93 billion and $8.98 billion, up from $8 billion in fiscal 2023, and EPS between $4.20 and $4.25, up from $3.49 in fiscal 2023 [11] Steven Madden Ltd (SHOO) Performance - SHOO has shown recovery in its U.S. wholesale footwear business, signaling a positive shift toward normalized inventory levels and renewed growth with key retail partners [12] - For 2024, SHOO expects revenue growth of 11-13% and adjusted EPS of $2.55-$2.65, up from $2.30 in 2023 [13] Abercrombie (ANF) Performance - Abercrombie is on track to achieve sustainable, profitable growth in 2024, driven by its focus on high-quality, on-trend assortments and investments in stores, digital, and technology [14] - The company raised its fiscal 2024 sales and operating margin views, anticipating net sales growth of 12-13%, up from the previous 10% target, compared to $4.3 billion in the prior year [15]

Retail Sector Overview - The retail sector is experiencing a steady rebound, with sales growth observed over the past few months, and the upcoming holiday season is expected to further boost sales [1][2] - Retail sales are projected to rise 3.5% year over year in 2024, with total sales estimated between $979.5 billion and $989 billion, despite being the slowest growth in six years [2] - The Commerce Department reported a 0.4% increase in retail sales for September, surpassing expectations [3] Holiday Season Impact - Holiday sales grew 3.9% to $955.6 billion last year, and retailers are expected to hire between 40,000 and 50,000 seasonal workers this year [2] - Online and non-store sales are projected to increase by 9% to $297.9 billion, up from $273.3 billion in 2023 [2] - Adobe Analytics forecasts online sales to jump 8.4% to $240.8 billion this holiday season, compared to $221.8 billion in 2023 [2] Company-Specific Insights - **Burlington Stores, Inc. (BURL)**: Expected earnings growth rate of 30.5%, with a Zacks Consensus Estimate improvement of 2.7% over the past 60 days, currently holding a Zacks Rank 2 [4] - **Costco Wholesale Corporation (COST)**: Expected earnings growth rate of 10.2%, with a Zacks Consensus Estimate improvement of 0.7% over the past 60 days, currently holding a Zacks Rank 2 [6] - **Chewy, Inc. (CHWY)**: Expected earnings growth rate of 65.2%, with a Zacks Consensus Estimate improvement of 17.5% over the past 60 days, currently holding a Zacks Rank 1 [7] - **Target Corporation (TGT)**: Expected earnings growth rate of 6.6%, with a Zacks Consensus Estimate improvement of 0.4% over the past 60 days, currently holding a Zacks Rank 2 [10] - **Lands' End, Inc. (LE)**: Expected earnings growth rate of over 100%, with a Zacks Consensus Estimate improvement of 23.3% over the past 60 days, currently holding a Zacks Rank 1 [12]

Core Viewpoint - Burlington Stores, Inc. (BURL) is experiencing significant growth driven by strategic initiatives, outperforming industry benchmarks and showing strong sales momentum as the holiday season approaches [1][4][11]. Financial Performance - BURL shares are currently trading at $257.78, 8.7% below the 52-week high of $282.49 reached on August 29, 2024 [1][2]. - Over the past six months, BURL stock has gained 45.1%, compared to the Zacks Retail-Discount Stores industry's growth of 14.1% [1]. - In Q2 of fiscal 2024, BURL achieved a 13.4% year-over-year increase in total sales, surpassing the previous year's 9% growth [4]. - Comparable store sales increased by 5%, exceeding expectations of flat to 2% growth, driven by a 7% rise in full-price sales [5]. Growth Strategies - Burlington's growth strategy focuses on rapid store expansion, operational efficiency, and robust inventory management [4]. - The company added 36 stores in the last quarter, bringing the total to 1,057, with plans to open another 100 stores and relocate 30 by the end of fiscal 2024 [4]. - The operating margin expanded by 160 basis points, with a gross margin improvement of 110 basis points to 42.8% [5]. Future Outlook - BURL has updated its fiscal 2024 guidance, expecting total sales growth of 9-10%, up from 8-10%, and comparable store sales growth of 2-3%, improved from 0-2% [6]. - Adjusted earnings per share (EPS) are anticipated between $7.66 and $7.96, an increase from the previous range of $7.35-$7.75 [6]. Valuation - The stock is trading at a forward 12-month price-to-sales ratio of 1.43, below the five-year industry average of 1.71, indicating attractive valuation [7]. - BURL currently holds a Value Score of A, reinforcing its appeal to investors [7]. Analyst Sentiment - The Zacks Consensus Estimate for EPS has been revised upward, with current year estimates increasing by 21 cents to $7.91 per share, indicating year-over-year growth of 30.5% [10]. - Sales estimates for the current and next year are pegged at $10.71 billion and $11.80 billion, reflecting year-over-year growth of 10.1% and 10.2%, respectively [10].