Welcome to our dedicated page for Burlington Stores news (Ticker: BURL), a resource for investors and traders seeking the latest updates and insights on Burlington Stores stock.
Burlington Stores, Inc. (NYSE: BURL) is a New Jersey-headquartered, Fortune 500 off-price retailer whose news flow centers on its financial performance, store growth and governance developments. The company describes itself as a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories and home merchandise at everyday low prices, with stores operating principally under the Burlington Stores name.
News about Burlington frequently includes quarterly and annual earnings releases. These updates discuss total sales and comparable store sales trends, gross margin performance, SG&A, net income and diluted EPS. Burlington also regularly reports non-GAAP metrics such as Adjusted EBIT, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS and Adjusted Effective Tax Rate, along with commentary from management on merchandise margin, freight expense, product sourcing costs and inventory levels, including reserve inventory purchased opportunistically for future seasons.
Investors following BURL news will also see announcements about store expansion and relocation activity, including the number of net new stores opened in a fiscal year and the total store count across 46 states, Washington D.C. and Puerto Rico. The company’s releases may address capital allocation decisions such as share repurchases and updates to earnings guidance ranges for upcoming quarters and full fiscal years.
Governance-related news includes Board of Directors changes, such as the election of new independent directors and their committee assignments, as disclosed in both press releases and related Form 8-K filings. Burlington also issues notices about upcoming earnings release dates, conference calls and webcasts, providing dial-in details and replay information. For readers and investors, this news page offers a centralized view of Burlington’s reported operating results, strategic commentary from management and key corporate announcements over time.
Burlington Stores reported strong Q3 2024 results with total sales growing 11% to $2,526 million and comparable store sales up 1%. Net income reached $91 million with diluted EPS of $1.40. The company's adjusted EBIT margin increased by 80 basis points, while adjusted EPS grew 41% to $1.55. Gross margin improved to 43.9%, up 70 basis points from last year. Despite weather impacts affecting cold weather categories, the underlying business showed 4% comp growth excluding these items. The company raised its FY24 adjusted EPS guidance to $7.76-$7.96 and plans to open 101 net new stores.
Burlington Stores (NYSE: BURL) has scheduled its third quarter fiscal year 2024 earnings release for Tuesday, November 26, 2024, before the U.S. stock market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results. Investors can join via U.S. toll-free number (1-800-715-9871) or international dial-in (1-646-307-1963) using passcode 4718197. A live webcast will be available on the company's investor relations website. A replay will be accessible from 11:30 a.m. ET on November 26 through December 2, 2024.
Burlington Stores (NYSE: BURL) reported strong Q2 2024 results, with total sales up 13% and comparable store sales growing 5%. Net income reached $74 million, with diluted EPS of $1.15. Excluding expenses related to acquired BBBY leases, Adjusted EBIT margin increased 160 basis points, and Adjusted EPS rose 98% to $1.24. The company raised its FY24 Adjusted EPS guidance to $7.66-$7.96. Gross margin improved by 110 basis points to 42.8%, driven by lower markdowns and improved freight expenses. Burlington plans to open approximately 100 net new stores and expects total sales growth of 9-10% for FY24.
Burlington Stores (NYSE: BURL) has announced the release date for its second quarter fiscal year 2024 earnings. The company will disclose results before the U.S. stock market opens on Thursday, August 29, 2024. A conference call to discuss the results is scheduled for 8:30 a.m. Eastern Time on the same day. Investors can access the call via U.S. toll-free dial-in at 1-800-715-9871 or international dial-in at 1-646-307-1963 (passcode: 8773565). A live webcast will be available on the company's investor relations website.
For those unable to attend, a replay will be accessible from 11:30 a.m. ET on August 29 until September 5, 2024. Burlington Stores also noted that it uses various channels, including its website and social media platforms, to communicate important information about the company, which investors should monitor for material updates.
Burlington Stores, Inc. (NYSE: BURL) reported its first quarter 2024 earnings, showing an 11% increase in total sales to $2,357 million and a net income of $79 million. The company's diluted EPS was $1.22, and comparable store sales rose by 2%. On a non-GAAP basis, adjusted EPS saw a 68% rise to $1.42, and adjusted EBIT margin improved by 170 basis points. Gross margin rate increased to 43.5% from 42.3% in the previous year. Looking forward, Burlington has raised its FY24 adjusted EPS guidance to $7.35-$7.75 and expects total sales to grow by 8% to 10%. CEO Michael O’Sullivan expressed satisfaction with the quarter's performance, noting significant earnings growth and margin improvement. Moreover, the company repurchased 312,238 shares for $63 million and ended the quarter with $1,521 million in liquidity. For the next quarter, Burlington anticipates a 9% to 11% sales increase and adjusted EPS of $0.83 to $0.93.
Burlington Stores, a nationally recognized off-price retailer, will release its first quarter fiscal year 2024 results on May 30, 2024, before the U.S. stock market opens. A conference call to discuss these results will follow at 8:30 a.m. ET. The U.S. toll-free dial-in number is 1-800-715-9871 with passcode 3047342. International participants can dial 1-646-307-1963. A live webcast will also be available on the company's investor relations website. Additionally, a replay of the call will be accessible starting at 11:30 a.m. ET on May 30, 2024, through June 6, 2024, at 11:59 p.m. ET. Burlington will continue to share material information via SEC filings, press releases, public calls, webcasts, and through its website and social media channels.
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