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. reports recurring business updates as a national off-price retailer of branded apparel, footwear, accessories and home merchandise. Company news commonly covers quarterly and annual earnings, total and comparable-store sales, merchandise margin, freight and SG&A leverage, adjusted EBIT margin, adjusted EPS and fiscal-year guidance.
Updates also address the retailer's store-opening program, weather effects on seasonal traffic, tariff and merchandise-margin considerations, bankruptcy-acquired lease expenses, public conference calls and governance changes such as board and committee appointments. The company's operating commentary is centered on its off-price merchandising model and broad categories including women's and men's apparel, kids and baby, beauty, footwear, home, toys, gifts and coats.
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%.
Burlington Stores, Inc. (NYSE:BURL) has appointed Michael Goodwin, former Senior VP and Chief IT Officer of PetSmart, to its Board of Directors and Audit Committee, effective December 1, 2020. Goodwin brings over 30 years of IT experience in retail, which will support the company's ongoing strategic growth efforts. Burlington's CEO and Board Chairman expressed confidence in Goodwin's potential contributions to enhance their Burlington 2.0 growth strategy, aimed at improving market competitiveness and operational efficiency.
Burlington Stores reported a 6% decline in total sales for Q3 2020, totaling $1.665 billion. Net income decreased to $8 million, or $0.12 EPS, a significant drop from last year's $96 million, or $1.44 EPS. Comparable store sales fell 11% but showed improvement, with a 4% decline in September and October. Gross margin increased to 45.0%, up 260 basis points year-over-year. The company has $1.641 billion in liquidity and plans to open 62 new stores while relocating 28 stores. Overall, the outlook remains cautious amid ongoing COVID-19 challenges.
Burlington Stores, Inc. (NYSE: BURL) will release its third quarter fiscal year 2020 results before the U.S. stock market opens on November 24, 2020. A conference call is scheduled for 8:30 a.m. ET to discuss the results.
Investors can join the call via U.S. toll-free number 1-866-437-5084 or international number 1-409-220-9374. A live webcast will be available on the investor relations page of the company's website. A replay of the call will be accessible from November 24 to December 1, 2020.
The company's 2019 net sales were $7.3 billion, operating 739 stores across 45 states and Puerto Rico.
Burlington Stores, Inc. (NYSE: BURL) reported a significant 39% decline in total sales for Q2 2020, totaling $1.01 billion. The company posted a net loss of $46.8 million, resulting in an EPS of ($0.71). Adjusted EPS was ($0.56). Despite a 26% decrease in inventory, liquidity remained strong at approximately $1.2 billion. The CEO noted improved sales trends as inventory levels were rebuilt, though risks for Q3 remain high. Sales in reopened stores fell by 14%, and the full-year sales guidance is suspended due to economic uncertainty.
Burlington Stores, Inc. (BURL) will release its Q2 fiscal 2020 results on August 27, 2020, before the market opens. A conference call is scheduled for 8:30 a.m. (ET) to discuss these results. The company is a notable off-price retailer, reporting net sales of $7.3 billion for fiscal 2019 and operating 736 stores across 45 states and Puerto Rico. Investors can access the conference call via toll-free numbers and a live webcast.
Better Family Inc. announced its first order of 600 Beebos from Burlington for their Baby Depot departments. The Beebo, a free-handed baby feeder, will be available in select Burlington locations next month. Better Family also offers Swabbies, an organic diaper cream. Burlington, a Fortune 500 company, operates 727 stores with revenues of $7.3 billion in Fiscal 2019. This new partnership marks a significant sales milestone for Better Family, leveraging Burlington's extensive retail presence to reach parents seeking innovative baby products.