Group 1 - Burlington Stores (BURL) has experienced a significant decline of 10.7% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for BURL is currently at 25.13, suggesting that the heavy selling pressure may be exhausting itself [5] - There is a strong consensus among Wall Street analysts that BURL will report better earnings than previously predicted, with a 0.1% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - BURL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]

Core Viewpoint - Burlington Stores, Inc. (BURL) is experiencing strong upward momentum, trading above its 50 and 200-day simple moving averages, indicating positive market sentiment and investor confidence in its financial stability and growth potential [1][2][15]. Performance Metrics - The company's stock closed at $291.90, above its 50-day SMA of $284.56 and 200-day SMA of $249.36, reflecting a continued uptrend [2]. - BURL stock has gained 47.1% over the past year, outperforming the Zacks Retail-Discount Stores industry's growth of 20.2% [4]. - The company reported a 10.5% year-over-year increase in total sales for the third quarter of fiscal 2024 [10]. Strategic Initiatives - Burlington's strategic initiatives, including enhancing merchandising capabilities and optimizing store operations, have contributed to its outperformance against the broader Retail-Wholesale sector and the S&P 500 index, which grew by 31.8% and 24.8% respectively in the past year [5]. - The Burlington 2.0 transformation is focused on integrating advanced technologies to improve operational performance and customer value [8]. Store Expansion Plans - The company plans to open 101 new stores by the end of fiscal 2024, with a long-term goal of 500 stores by 2028 [10][11]. - The new store prototypes are designed to be 25,000 square feet and strategically located in high-traffic areas to enhance customer engagement [10]. Cost Management and Challenges - Adjusted selling, general, and administrative (SG&A) costs increased by 9.2% year over year to $680 million in the fiscal third quarter, primarily due to higher investments in store payroll [13]. - Product sourcing costs rose from $200 million to $210 million, reflecting increased supply-chain costs despite improvements in distribution center productivity [13]. Future Outlook - The upcoming 2-million-square-foot distribution center in Savannah, GA, scheduled to open in fiscal 2026, is expected to enhance operational efficiency and scalability [12]. - Despite rising costs and external challenges, Burlington's focus on efficiency and customer value positions it well for sustained growth in the retail sector [16].

Core Insights - Burlington Stores, Inc. (BURL) is currently trading 3.3% below its 52-week high, with a 49.1% stock gain over the past year, outperforming the Zacks Retail-Discount Stores industry's growth of 22.2% [1][2] Company Performance - The company has achieved a 10.5% increase in total sales in the third quarter of fiscal 2024, supported by a strategic expansion plan targeting 101 net new store openings by the end of fiscal 2024 [10][11] - Adjusted EBITDA for the third quarter rose 30.3% year over year to $228.8 million, with an adjusted EBITDA margin increase of 140 basis points to 9.1% [12] - The gross margin is expected to expand by 60 basis points year over year to 43.1% in fiscal 2024, with a forecasted adjusted EBIT margin increase of 100 basis points [13][15] Strategic Initiatives - Burlington 2.0 transformation is enhancing operational efficiency and customer value through advanced technologies, improving inventory allocation and reducing markdowns [8][9] - The company is set to open a 2-million-square-foot distribution center in Savannah, GA, in fiscal 2026, which will enhance efficiency and scalability [14] Financial Outlook - Total sales for fiscal 2024 are projected to grow by 9-10%, with comparable store sales expected to rise by 2-4% [15] - For the fiscal fourth quarter, total sales growth is anticipated at 5-7%, with adjusted EPS projected at $3.55-$3.75 [17] Challenges - Adjusted selling, general and administrative costs rose 9.2% year over year to $680 million in the fiscal third quarter, driven by higher investments in store payroll [18] - Warmer-than-average temperatures caused a 300-basis-point reduction in comparable store sales, highlighting risks associated with unpredictable climate patterns [19]

It has been about a month since the last earnings report for Burlington Stores (BURL) . Shares have added about 0.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Burlington Stores due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Burlington Stores Q3 Earnings Bea ...

The Retail–Discount Stores industry has managed to withstand evolving economic conditions and shifting consumer preferences. As a result, discount retailers have seen consistent demand for their offerings, ranging from essential goods to affordable discretionary items. As we approach 2025, the sector continues to show strong potential, buoyed by the growing demand for value-driven products.When faced with economic uncertainty, consumers tend to prioritize value, making discount retailers the go-to option. T ...

Burlington Stores, Inc. (BURL) is currently trading at a low price-to-sales (P/S) multiple, which is below the average of the Zacks Retail-Discount Stores industry. With a forward 12-month P/S of 1.58, BURL is priced lower than the industry average of 1.79. This makes BURL stock undervalued relative to its industry peers, presenting an attractive opportunity for investors seeking exposure to the sector. Furthermore, Burlington’s  Value Score of A underscores its appeal as a potential investment.BURL Stock L ...

Investment Recommendation - The analyst recommends a buy rating for Burlington Stores (NYSE: BURL) based on the expectation of a "beat and raise" performance in 3Q24 [1] - The investment is considered ideal if the company performs its core business in a sector projected to experience structural (organic) growth exceeding GDP growth over the next 5-10 years [1] - The company should profit from sustainable competitive advantages that translate into attractive unit economics [1] - The company should be managed by competent, ethical, and long-term thinkers with a fair valuation [1] Analyst's Position - The analyst has no stock, option, or similar derivative position in any of the companies mentioned and no plans to initiate any such positions within the next 72 hours [1] - The article expresses the analyst's own opinions and is not receiving compensation for it (other than from Seeking Alpha) [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1]

Burlington Stores, Inc. (NYSE:BURL) Q3 2024 Earnings Call Transcript November 26, 2024 8:30 AM ET Company Participants David Glick - SVP, IR and Treasurer Michael O'Sullivan - CEO Kristin Wolfe - EVP and CFO Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Operator Hello and welcome to the Burlington Stores, Inc. Third Quarter 2024 Earnings Webcast and Confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------------------------------------------------------|-----------------------------------------------|------------------------------ ...

BURLINGTON, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, announced today that Shira Goodman, former Chief Executive Officer of Staples, Inc., is joining its Board of Directors and its Audit Committee effective January 1, 2025. John Mahoney, Chairman of the Board, stated, “We are very pleased to welcome Shira to our Board as ...