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 (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.
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Burlington Stores, Inc. reported strong second-quarter results for the fiscal year 2021, with total sales up 34% to $2.213 billion and net income at $103 million, reflecting a 21% increase from FY2019. Diluted EPS rose 19% to $1.50, while comparable store sales increased by 19%. Adjusted EBIT grew by 55% to $183 million. However, the company acknowledged challenges such as supply chain expenses affecting margins, alongside an uncertain market environment. Forecasts for capital expenditures are now around $510 million, with plans for 100 new store openings.
Burlington Stores, Inc. (NYSE: BURL) released its third annual Corporate Social Responsibility (CSR) Report, highlighting significant progress in Environmental, Social, and Governance (ESG) initiatives for fiscal year 2020. Key achievements include a 44% reduction in Scope 1 and 2 greenhouse gas emissions, installation of a rooftop solar array expected to produce 7.7 million kilowatt-hours of electricity annually, and the creation of a Senior Vice President of Inclusion and Diversity position. The company aims to strengthen community partnerships and prioritize diversity, contributing to its long-term resilience and sustainability.
Burlington Stores, Inc. (NYSE: BURL) will release its Q2 fiscal year 2021 results on August 26, 2021, before U.S. market opens. A conference call will follow at 8:30 a.m. ET, allowing investors to discuss the results. A live webcast will be accessible on the company's investor relations page. A replay of the call will be available from 11:30 a.m. ET the same day until September 2, 2021. Burlington operates 784 stores, offering branded apparel at discounts of up to 60% compared to other retailers, generating net sales of $5.8 billion in fiscal 2020.
Burlington Stores, Inc. (NYSE: BURL) reported impressive first-quarter results for Fiscal 2021, with total sales rising 35% to $2.19 billion and net income surging 120% to $171 million. Comparable store sales increased by 20%, while diluted EPS improved 118% to $2.51. Adjusted EBIT reached $238 million, reflecting a 360 basis points increase as a percentage of sales. Despite these strong metrics, the company warned of ongoing supply chain and freight expense challenges that may impact operating margins. Looking ahead, no sales or earnings guidance was provided due to recovery uncertainties.
Burlington Stores (NYSE: BURL) is scheduled to release its first quarter fiscal year 2021 results on May 27, 2021, before the U.S. stock market opens. A conference call to discuss these results will follow at 8:30 a.m. ET. The company reported net sales of $5.8 billion in Fiscal 2020 and operated 761 stores across 45 states and Puerto Rico, offering significant discounts on a variety of merchandise. Investors can access details through the company’s investor relations page and social media channels.