Burlington Stores (BURL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual invest ...

jetcityimage Burlington Stores, Inc. (NYSE:BURL) is a fashion retailer in the US focused on selling apparel primarily but also offering footwear and accessories, beauty products, and other home goods. The company has over 44,000 employees and over 1,000 locations. BURL is an off-price retailer which means that it typically offers discounts up to 60% of regular retail price on its merchandise. BURL's total market cap is $16.89 billion making it one of the larger firms in the retail industry and putting it so ...

Katrina Wittkamp Investment action I recommended a buy rating for Burlington Stores (NYSE:BURL) when I wrote about it in June, as I gained more confidence that BURL can achieve its long-term targets, given the encouraging 1Q24 results and underlying momentum. Based on my current outlook and analysis, I recommend a buy rating. BURL continues to report solid growth momentum, with acceleration in comparable store growth [CSG] that makes me believe management's guidance is overly conservative. My expectation is ...

Burlington Stores, Inc. (BURL) has reported impressive second-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both the bottom and top lines grew year over year. The company raised its fiscal 2024 outlook driven by robust performance. Burlington Stores has been focusing on strategic initiatives to drive growth and profitability, including a significant expansion of its store footprint. The company is also working on optimizing its merchandise assortment by inc ...

Key Takeaways Burlington Stores posted better-than-expected results and boosted its outlook on strong sales and improved supply chains, but warned about ocean freight costs. Profit more than doubled from the year ago period, as revenue jumped 13%. CEO Michael O'Sullivan noted even with some cost pressure from ocean freight, the retailer was increasing its profit forecasts. Burlington Stores (BURL) Thursday posted a higher-than-estimated doubling of its profits and raised its outlook for the year, although i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-36107 BURLINGTON STORES, INC. (Exact name of registrant as specified in its charter) Delaware 80-0895227 (State or Other Juris ...

Burlington Stores, Inc. (NYSE:BURL) Q2 2024 Earnings Conference Call August 29, 2024 8:30 AM ET Company Participants David Glick - Senior Vice President, Treasurer & Investor Relations Michael O'Sullivan - Chief Executive Officer Kristin Wolfe - Executive Vice President & Chief Financial Officer Daniel Delrosario - Investor Relations Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex S ...

For the quarter ended July 2024, Burlington Stores (BURL) reported revenue of $2.46 billion, up 13.2% over the same period last year. EPS came in at $1.20, compared to $0.60 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.42 billion, representing a surprise of +1.67%. The company delivered an EPS surprise of +26.32%, with the consensus EPS estimate being $0.95. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Burlington Stores (BURL) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.32%. A quarter ago, it was expected that this discount retailer would post earnings of $1.04 per share when it actually produced earnings of $1.42, delivering a surprise of 36.54%. Over the last four quarters ...

Exhibit 99.1 Burlington Stores, Inc. Reports Second Quarter 2024 Earnings • Total sales growth of 13%; comparable store sales growth of 5% • Net income was $74 million, and diluted EPS was $1.15 • Excluding certain expenses associated with acquired BBBY leases: o Adjusted EBIT margin increased 160 basis points o Adjusted EPS increased 98% to $1.24 o Adjusted EPS guidance for FY24 raised to $7.66-$7.96 BURLINGTON, New Jersey; August 29, 2024 — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off ...