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Burlington Stores Inc (BURL), a Fortune 500 off-price retail leader, provides investors and industry professionals with timely updates through this centralized news hub. Track official announcements, financial disclosures, and strategic developments from the company renowned for delivering branded merchandise at exceptional value.
This resource aggregates essential updates including quarterly earnings reports, store expansion announcements, leadership changes, and supplier partnerships. Users gain access to verified information about Burlington's operational strategies, market positioning, and initiatives within the competitive discount retail sector.
Key content categories include financial performance updates, merchandising strategy adjustments, corporate responsibility initiatives, and supply chain developments. Each announcement is curated to help stakeholders understand Burlington's approach to maintaining its position as a top off-price retailer.
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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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