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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Burlington Stores, Inc. (NYSE:BURL) has launched its first in-store customer fundraising campaign with YouthBuild USA, running until May 15, 2023. Customers can round up their purchases to support YouthBuild, which focuses on education and workforce readiness for young adults aged 16 to 24 who are out of school and employment. This initiative aligns with Burlington's community giving strategy aimed at empowering local youth and enhancing their career opportunities. The funds raised will contribute to YouthBuild's program expansion and innovation.
In fiscal 2022, Burlington reported net sales of $8.7 billion and operated 927 stores across 46 states and Puerto Rico, offering discounted brand-name merchandise at significant savings.
Burlington Stores, Inc. (BURL) reported mixed results for Q4 FY2022, with total sales up 5% to $2,739 million, but comparable store sales down 2%. Net income reached $185 million, a significant increase from $122 million, resulting in diluted EPS rising 57% to $2.83. Adjusted EPS also improved by 17% to $2.96, surpassing guidance. Looking forward, the company anticipates FY2023 adjusted EPS of $5.50-$6.00, driven by projected 3%-5% comp sales growth. However, total sales for FY2022 fell 7%, and net income decreased 44% year-over-year. The firm also plans to open 70-80 new stores in FY2023.
Burlington Stores, Inc. (NYSE: BURL), a leading off-price retailer, will release its fourth quarter and fiscal year 2022 results on March 2, 2023, before the U.S. market opens. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can participate via a toll-free dial-in number or listen to a live webcast on the company's investor relations site. For those unable to attend, a replay will be available from March 2 at 12:30 p.m. ET until March 9 at 11:59 p.m. ET.
With Fiscal 2021 net sales at $9.3 billion and 893 stores across 46 states and Puerto Rico, Burlington continues to offer substantial discounts on a wide range of merchandise.
Burlington Stores (NYSE: BURL) reported a 11% decrease in total sales for Q3 2022, totaling $2,036 million. Comparable store sales also fell 17%. Net income was $17 million with diluted EPS at $0.26, reflecting an $11 million impairment charge. Adjusted EBIT was $55 million, while Adjusted EPS stood at $0.43. For Q4, comparable store sales are expected to decrease 9% to 6%, with guidance for adjusted EPS ranging from $2.45 to $2.75. The company maintains a cautious outlook for FY 2023 amid external risks but is optimistic about recovery potential.
FAQ
What is the current stock price of Burlington Stores (BURL)?
What is the market cap of Burlington Stores (BURL)?
