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. (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.
Burlington Stores, Inc. reported a significant drop in financial performance for Q1 2020, with total sales declining 51% to $798 million and a net loss of $334 million or $5.09 per share. Adjusted EPS was ($4.76), impacted by a $272 million charge related to aged inventory. Despite store closures due to the COVID-19 pandemic, sales in reopened locations exceeded prior year levels. The company has secured $1.1 billion in financing and ended the quarter with $1.639 billion in liquidity, indicating a strong cash position for future operations.
Burlington Stores, Inc. (NYSE: BURL) will release its first quarter fiscal year 2020 results on May 28, 2020, before market open. A conference call scheduled for 8:30 a.m. (ET) will discuss the results. Investors can dial in at 1-866-437-5084 (U.S.) or 1-409-220-9374 (international) and access a live webcast on their investor relations page. A replay will be available from May 28 to June 4, 2020. Burlington Stores reported Fiscal 2019 net sales of $7.3 billion and operated 727 stores across 45 states and Puerto Rico.