Burlington Stores Inc Stock Price, News & Analysis

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.

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.

Burlington Stores, Inc. (BURL) reported a 4% increase in total sales for Q4 2020, amounting to $2,279 million, with net income of $156 million or $2.33 per share. Comparable store sales remained flat, improving significantly to 17% growth in January. The company announced an increase in its long-term store target to 2,000 locations, up from 1,000, leveraging its Burlington 2.0 strategy. Key metrics showed a 40 basis point improvement in gross margin and a decrease in Adjusted EBITDA to $280 million. Overall, the outlook remains cautious due to uncertainty in consumer demand.

Burlington Stores, Inc. (NYSE: BURL) will release its fourth quarter and fiscal year 2020 results on March 4, 2021, before U.S. market opening. A conference call is scheduled for 8:30 a.m. (ET) to discuss these results. Investors can join via toll-free numbers or through a live webcast on the company's investor relations website. The company reported net sales of $7.3 billion for fiscal 2019. Burlington operates 769 stores across 45 states and Puerto Rico, offering branded apparel at discounts of up to 60%.