Burlington Stores shares slide after same-store sales miss expectations [MarketWatch]
Burlington Stores, Inc. (BURL)
Last burlington stores, inc. earnings: 3/5 06:45 am
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Source: MarketWatch
Burlington Stores shares slide after same-store sales fall short Burlington Stores Inc. BURL, -1.28% shares slid 3.4% in Thursday premarket trading after the off-price retailer reported first-quarter same-store sales that were below consensus. Net income totaled $77.8 million, or $1.15 per share, down from $82.6 million, or $1.20, last year. Adjusted EPS was $1.26, ahead of the $1.25 FactSet consensus. Revenue of $1.63 billion was up from $1.52 billion in 2018 and just ahead of the $1.62 billion FactSet estimate. Same-store sales grew 0.1%, below the 0.6% FactSet consensus. For the full year, Burlington expects sales to increase in the range of 8.5% to 9.2%, same-store sales to increase in the range of 1.3% to 2.1%, and adjusted EPS in the range of $6.93 to $7.01. The FactSet guidance is for sales of $7.23 billion, up about 8.8% from last year, same-store sales growth of 2.2% and adjusted EPS of $6.97. For the second quarter, Burlington expects sales to grow in the range of 8% to 9
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BURL
Earnings
- 11/26/24 - Beat
BURL
Sec Filings
- 12/4/24 - Form 4
- 12/2/24 - Form 144
- 11/26/24 - Form 10-Q
- BURL's page on the SEC website