Burlington Stores Inc Stock Price, News & Analysis

Burlington Stores, Inc. (NYSE: BURL) is set to release its second quarter fiscal year 2022 results on August 25, 2022, prior to the U.S. stock market opening. A conference call will take place at 8:30 a.m. ET to discuss these results. The toll-free dial-in numbers for the conference call are 1-800-715-9871 (U.S.) and 1-646-307-1963 (international), with a live webcast available on their investor relations page. Burlington, recognized as an off-price retailer, reported $9.3 billion in net sales for Fiscal 2021 and operated 866 stores as of the end of Q1 Fiscal 2022.

Burlington Stores, Inc. (NYSE: BURL) announced the appointment of Kristin Wolfe as Chief Financial Officer effective August 1, 2022. Wolfe, previously at Ross Stores, has extensive retail experience. She will work alongside outgoing CFO John Crimmins for a transitional month before his retirement on August 31, 2022, during which he will consult until February 2023. CEO Michael O’Sullivan expressed confidence in Wolfe's ability to contribute to the company’s Burlington 2.0 strategy.

Burlington Stores, Inc. reported a 12% decline in total sales for Q1 2022, totaling $1.926 billion, with net income of $16 million or $0.24 per share. Comparable store sales fell 18%, and adjusted EBIT decreased significantly. CEO Michael O’Sullivan highlighted challenges such as low inventory levels and inflation affecting lower-income shoppers. The company anticipates continued sales declines, projecting 2022 comparable store sales to drop -9% to -6%. Despite challenges, there is potential for off-price retail growth amid economic slowdowns.

Burlington Stores, Inc. (NYSE: BURL) will announce its first quarter fiscal 2022 results before the U.S. stock market opens on May 26, 2022. A conference call is scheduled for 8:30 a.m. ET the same day. Investors can access the call via toll-free numbers or listen to a live webcast on the company’s investor relations page. Burlington reported fiscal 2021 net sales of $9.3 billion and operated 840 stores across 45 states and Puerto Rico. The company offers a variety of merchandise, priced up to 60% lower than other retailers.

Burlington Stores, Inc. (NYSE: BURL) announced the retirement of Chief Financial Officer John Crimmins, effective August 31, 2022 or upon the appointment of his successor. Crimmins will provide consulting services until February 2023 to ensure a smooth transition. With over 11 years at Burlington, he played a pivotal role in strengthening the finance team. The company has engaged Egon Zehnder to aid in the CFO search. Burlington reported net sales of $9.3 billion in Fiscal 2021 and operates 840 stores nationwide.

Burlington Stores (NYSE: BURL) reported strong financial results for Q4 and Fiscal 2021, with total sales up 18% in Q4 and 28% for the full year compared to FY19. Net income for Q4 was $122 million ($1.80 per share), while FY net income totaled $409 million ($6.00 per share), down 12% from FY19. The company redeemed $533 million in debt and resumed share repurchases, buying back $250 million in stock. However, Q4 comp store sales increased only 6%, signaling a slowdown due to external factors. The company anticipates a challenging retail environment in 2022, refraining from providing specific sales or earnings guidance.

Burlington Stores, Inc. (NYSE: BURL) is set to release its fourth quarter and fiscal year 2021 results on March 3, 2022, before U.S. market opens. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can join via U.S. toll-free dial-in 1-866-437-5084 or the international number 1-409-220-9374. The company encourages stakeholders to monitor updates through SEC filings, press releases, and social media. As of Q3 2021, Burlington operated 832 stores in 45 states and Puerto Rico, with net sales of $5.8 billion in Fiscal 2020.

Burlington Stores (NYSE: BURL) reported a robust third quarter for fiscal 2021, with total sales rising by 30% to $2.3 billion compared to Q3 2019. Net income stood at $14 million, or $0.20 per share, affected by an $86 million debt extinguishment charge. Comparable store sales increased 16%.

Adjusted EPS reached $1.36, while adjusted EBIT remained stable at $140 million. The company plans to accelerate new store openings, forecasting 101 new stores for fiscal 2021. Despite supply chain challenges, the CEO remains optimistic about market share growth.

Burlington Stores, Inc. (NYSE: BURL) will announce its third quarter fiscal year 2021 results on November 23, 2021, before the U.S. stock market opens. The company will conduct a conference call at 8:30 a.m. ET that same day to discuss the results. Interested parties can access the call via a U.S. toll-free number or a live webcast on the investor relations page of its website. A replay will be available from November 23, 2021, at 11:30 a.m. ET until November 30, 2021. Burlington Stores, recognized for off-price retailing, operated 792 stores as of Q2 fiscal 2021.