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, 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.
Burlington Stores, Inc. (NYSE: BURL) will announce its Q3 fiscal 2022 results on November 22, 2022, before the U.S. stock market opens. A conference call will follow at 8:30 a.m. ET to discuss these results. Investors can access the call via U.S. toll-free number 1-800-715-9871 or internationally at 1-646-307-1963. A replay will be available from 12:30 p.m. ET on the same day until November 29, 2022. Burlington Stores, a leading off-price retailer, reported $9.3 billion in net sales for FY 2021 and operates 877 stores across the U.S. and Puerto Rico.
Burlington Stores reported a 10% decline in total sales for Q2 FY2022, amounting to $1.98 billion, while comparable store sales fell 17%. Net income dropped to $12 million, or $0.18 per share, compared to $103 million, or $1.50 per share in Q2 FY2021. Adjusted EPS was $0.35, surpassing guidance of $0.18 to $0.31. The company faces ongoing economic pressures and high promotional activity, prompting a downward revision of its full-year outlook.
Burlington Stores, Inc. (BURL) released its 2021 Corporate Social Responsibility (CSR) Report, showcasing significant advancements in Environmental, Social, and Governance (ESG) initiatives. Key highlights include a 44% reduction in Scope 1 and 2 greenhouse gas emissions per square foot and achieving 9% renewable energy consumption. The company set ambitious targets to cut emissions by 60% by 2030 and aims for 20% renewable energy use. Burlington also launched the Burlington Stores Foundation, enhancing community engagement and diversity initiatives.
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.