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BURL vs. COST: Which Stock Should Value Investors Buy Now?
Zacks Investment Research· 2024-03-14 16:41
Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Burlington Stores (BURL) and Costco (COST) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with posi ...
Burlington Stores(BURL) - 2024 Q4 - Annual Report
2024-03-14 16:00
liability and potentially disrupt our business. Building brand reputation is important to our continuing success. Our reputation is partially based on perceptions of various subjective qualities and overall integrity. Any incident that erodes the trust or confidence of our customers or the general public could adversely affect our reputation and business, particularly if the incident results in significant adverse publicity or governmental inquiry. Such an incident could also include alleged acts or omissio ...
Should Value Investors Buy Burlington Stores (BURL) Stock?
Zacks Investment Research· 2024-03-14 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
Burlington Stores (BURL) is a Top-Ranked Growth Stock: Should You Buy?
Zacks Investment Research· 2024-03-12 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?T ...
Burlington Stores (BURL) Q4 Earnings & Sales Beat, Rise Y/Y
Zacks Investment Research· 2024-03-07 18:51
Burlington Stores, Inc. (BURL) has reported impressive fourth-quarter fiscal 2023 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both top and bottom lines grew year over year.Insight Into the HeadlinesBurlington Stores has reported adjusted earnings of $3.66 per share, surpassing the Zacks Consensus Estimate of earnings of $3.28. The bottom line rose 23.6% from $2.96 in the year-ago quarter.Total revenues of $3,126.4 million beat the Zacks Consensus Estimate of $3,039 million a ...
Burlington Stores(BURL) - 2023 Q4 - Earnings Call Transcript
2024-03-07 18:29
Michael O'Sullivan - Chief Executive Officer Operator Thank you, David. Good morning, everyone. And thank you for joining us. As I look back on these numbers, candidly, we would have liked to have done more. Let's start with new stores. In 2023, we opened 80 net new stores, but our goal over the last couple of years has been to ramp up to 100 net new stores a year. We have rigorous standards for the quality of new store locations, and over the last couple of years, this has made it difficult to hit this 100 ...
Here's What Key Metrics Tell Us About Burlington Stores (BURL) Q4 Earnings
Zacks Investment Research· 2024-03-07 15:31
For the quarter ended January 2024, Burlington Stores (BURL) reported revenue of $3.13 billion, up 13.9% over the same period last year. EPS came in at $3.66, compared to $2.96 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.04 billion, representing a surprise of +2.88%. The company delivered an EPS surprise of +11.59%, with the consensus EPS estimate being $3.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Burlington Stores (BURL) Tops Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-03-07 13:56
Burlington Stores (BURL) came out with quarterly earnings of $3.66 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.59%. A quarter ago, it was expected that this discount retailer would post earnings of $0.99 per share when it actually produced earnings of $0.98, delivering a surprise of -1.01%.Over the last four quarters, ...
Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results
Newsfilter· 2024-03-07 11:45
On a GAAP 14-week basis, total sales increased 14%, net income was $227 million, and diluted EPS was $3.53On a non-GAAP 13-week basis, excluding certain expenses associated with the acquisition of Bed Bath & Beyond leases (as applicable): Comparable store sales increased 2%, ahead of guidance for -2% to 0%Adjusted EBIT margin increased 110 basis points, well over guidance for an increase of 0 to 40 basis pointsAdjusted EPS increased 25% to $3.69, well above guidance of $3.10 to $3.25 On a GAAP 53-week basis ...
Burlington Stores(BURL) - 2024 Q4 - Annual Results
2024-03-06 16:00
Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results o Introducing outlook for FY24 Adjusted EPS of $7.00-$7.60, an increase of 12% to 22% over FY23 on a 52-week basis; guidance excludes certain expenses associated with the acquisition of Bed Bath & Beyond leases o On a GAAP 14-week basis, total sales increased 14%, net income was $227 million, and diluted EPS was $3.53 • Comparable store sales increased 2%, ahead of guidance for -2% to 0% Mr. O'Sullivan continued, "Looking ahead to 202 ...