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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Burlington Stores (BURL) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Burlington Stores is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The ...

Shares of the off-price retailer rose after the company delivered a strong earnings report. Shares of Burlington Stores (BURL 17.56%) soared today after the off-price retailer delivered a better-thanexpected result in its first-quarter earnings report, beating estimates on the top and bottom lines. As a result, the stock finished the session up 17.6%. Burlington impresses the market The off-price retailer reported revenue growth of 11% to $2.36 billion, which edged out the analyst estimate of $2.34 billion, ...

7. Income Taxes As of May 4, 2024, the Company had a deferred tax asset related to net operating losses of $5.1 million, inclusive of $4.8 million related to state net operating losses that expire at various dates between 2025 and 2041, as well as $0.3 million related to Puerto Rico net operating losses that will expire in 2025. 8. Capital Stock During the three month period ended May 4, 2024, the Company acquired 63,407 shares of common stock from employees for approximately $12.2 million to satisfy their ...

Key Takeaways Burlington Stores reported profit and sales that beat forecasts as it reduced inventories and drew in more shoppers later in the first quarter. The off-price retailer's gross margin improved as it limited promotions and lowered freight costs. The news sent Burlington Stores shares to their highest level in more than two years. Burlington Stores (BURL) shares flew higher when the off-price apparel retailer posted better-than-expected results and strong guidance on reduced inventories and a pick ...

Burlington Stores, Inc. (BURL) has reported impressive first-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both top and bottom lines grew year over year. Insight Into the Headlines Burlington Stores has reported adjusted earnings of $1.42 per share, surpassing the Zacks Consensus Estimate of earnings of $1.04. The bottom line rose 69% from 84 cents in the year-ago quarter. Total revenues of $2,361.6 million beat the Zacks Consensus Estimate of $2,343 millio ...

Cost-conscious customers from all income levels are helping drive sales at Burlington Stores. The off-price retailer saw its total sales increase by 11% during the first quarter of the year, according to earnings released Thursday (May 30). Speaking during a call with analysts, CEO Michael O'Sullivan said the uptick came as consumers from "all income groups" were feeling pressured. The company had an especially strong March and April, and O'Sullivan said that trend was driven by two factors, including low-i ...

Burlington Stores Inc. (NYSE:BURL) Q1 2024 Earnings Conference Call May 30, 2024 8:30 AM ET Company Participants Michael O’Sullivan - Chief Executive Officer Kristin Wolfe - Executive Vice President, Chief Financial Officer David Glick - Senior Vice President, Investor Relations Conference Call Participants Matthew Boss - JP Morgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Adrienne Yih - Barclays Dana Te ...

Core Insights - Burlington Stores reported revenue of $2.36 billion for the quarter ended April 2024, reflecting a year-over-year increase of 10.5% [1] - The company's EPS was $1.42, significantly higher than the $0.84 reported in the same quarter last year, indicating a strong performance [1] - The revenue exceeded the Zacks Consensus Estimate of $2.34 billion, resulting in a surprise of +0.79% [1] - Burlington Stores delivered an EPS surprise of +36.54%, with the consensus EPS estimate being $1.04 [1] Performance Metrics - Comparable Store Sales increased by 2%, surpassing the five-analyst average estimate of 1.6% [3] - The number of stores at the end of the period was 1,021, slightly below the average estimate of 1,023 based on four analysts [3] - Net Sales revenue was $2.36 billion, compared to the estimated $2.34 billion, marking a +10.5% change year-over-year [3] - Other revenue was reported at $4.24 million, exceeding the average estimate of $4.17 million, representing a +1.7% year-over-year change [3] Stock Performance - Shares of Burlington Stores have returned +12.6% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]

Burlington Stores (BURL) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.54%. A quarter ago, it was expected that this discount retailer would post earnings of $3.28 per share when it actually produced earnings of $3.66, delivering a surprise of 11.59%. Over the last four quarters ...