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. (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.
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