Financial Performance - Total sales increased by 7% year-over-year to $2,706 million in Q3 2025, while comparable store sales rose by 1%[4] - Net income for Q3 2025 was $105 million, with diluted EPS at $1.63, compared to $91 million and $1.40 per share in Q3 2024[6] - Adjusted EPS increased by 16% to $1.80, and the company raised its full-year Adjusted EPS guidance to a range of $9.69 to $9.89[6][11] - Net sales for the three months ended November 1, 2025, were $2,706,003, an increase from $2,526,174 for the same period in 2024, representing a growth of approximately 7.1%[24] - Total revenue for the nine months ended November 1, 2025, reached $7,919,531, compared to $7,357,766 for the same period in 2024, indicating a year-over-year increase of about 7.6%[24] - Net income for the nine months ended November 1, 2025, was $299,767, up from $242,871 in the prior year, reflecting a growth of approximately 23.4%[24] - Diluted net income per share for the three months ended November 1, 2025, was $1.63, compared to $1.40 for the same period in 2024, marking an increase of about 16.4%[24] Inventory and Assets - Merchandise inventories were $1,658 million, a 15% increase from Q3 2024, while comparable store inventories decreased by 2%[8] - Merchandise inventories increased to $1,658,435 as of November 1, 2025, compared to $1,440,695 in the prior year, representing a rise of about 15.1%[26] - Total assets grew to $9,596,718 as of November 1, 2025, up from $8,442,860 a year earlier, indicating an increase of approximately 13.6%[26] Debt and Liquidity - The company ended Q3 2025 with $1,532 million in liquidity, including $584 million in unrestricted cash[13] - Total outstanding debt was $2,035 million, with $1,723 million on the Term Loan facility[13] - Long-term debt increased to $2,015,471 as of November 1, 2025, compared to $1,542,712 in the previous year, reflecting a rise of about 30.7%[26] Operating Activities - The company reported net cash provided by operating activities of $293,864 for the nine months ended November 1, 2025, down from $320,212 in the same period of 2024, a decrease of approximately 8.2%[29] - Cash used in investing activities was $837,813 for the nine months ended November 1, 2025, compared to $535,886 in the prior year, indicating an increase of about 56.2%[29] Adjusted Metrics - Adjusted Net Income for the three months ended November 1, 2025, was $107,458,000, compared to $99,895,000 for the same period in 2024, representing an increase of 2.1%[38] - Adjusted Earnings per Share (EPS) for the nine months ended November 1, 2025, was $4.87, up from $4.10 in the same period of 2024, reflecting a growth of 18.9%[38] - Adjusted EBIT for the three months ended November 1, 2025, was $155,907,000, compared to $141,316,000 for the same period in 2024, indicating a year-over-year increase of 10.4%[38] - Adjusted EBITDA for the nine months ended November 1, 2025, reached $738,993,000, compared to $641,990,000 for the same period in 2024, marking an increase of 15.1%[38] Expenses and Charges - SG&A expenses for the three months ended November 1, 2025, totaled $947,518,000, compared to $893,092,000 for the same period in 2024, reflecting an increase of 6.1%[38] - The Company reported net favorable lease costs of $1,891,000 for the three months ended November 1, 2025, down from $2,851,000 in the same period of 2024[38] - Impairment charges for long-lived assets were $3,786,000 for the three months ended November 1, 2025, compared to $3,044,000 for the same period in 2024, indicating an increase of 24.3%[38] Future Outlook - The company plans to open 104 net new stores in Fiscal 2025[14] - Total sales are expected to increase by approximately 8% for the full fiscal year, with comparable store sales projected to rise by 1% to 2%[14] Tax Rate - The effective tax rate on a GAAP basis for the three months ended November 1, 2025, was 24.1%, slightly up from 23.2% in the same period of 2024[39] Share Information - The diluted weighted average shares outstanding for the three months ended November 1, 2025, was 64,068,000, compared to 64,619,000 for the same period in 2024[38] Non-GAAP Measures - The Company believes that non-GAAP measures provide useful supplemental information for evaluating its operations and financial condition, although calculations may vary among companies in the retail industry[37]

Core Insights - Burlington Stores, Inc. reported a total sales increase of 7% in Q3 2025, with comparable store sales rising by 1% compared to Q3 2024 [2][4][5] - The company achieved a net income of $105 million, translating to diluted EPS of $1.63, which is an increase from $91 million or $1.40 per share in the same quarter last year [4][6] - Adjusted EPS grew by 16% to $1.80, and the company raised its full-year earnings guidance based on favorable margin and expense trends [2][4][10] Sales Performance - Total sales for Q3 2025 reached $2,706 million, up from $2,526 million in Q3 2024, while comparable store sales increased by 1% [4][5] - The gross margin rate improved to 44.2%, up from 43.9% in Q3 2024, reflecting a 30 basis point increase [5][6] Profitability Metrics - Adjusted EBIT margin increased by 60 basis points year-over-year, contributing to a strong earnings performance [2][4] - Adjusted EBITDA for Q3 2025 was $266 million, compared to $229 million in Q3 2024, marking an increase of 80 basis points as a percentage of sales [11] Inventory and Liquidity - Merchandise inventories rose by 15% to $1,658 million compared to $1,441 million at the end of Q3 2024, while comparable store inventories decreased by 2% [8] - The company ended Q3 2025 with $1,532 million in liquidity, including $584 million in unrestricted cash [12] Share Repurchase and Debt Management - During Q3 2025, Burlington repurchased 213,972 shares for $61 million, with $444 million remaining under its share repurchase program [9] - Total outstanding debt was $2,035 million, with $1,723 million on its Term Loan facility [12] Future Outlook - For the full fiscal year 2025, the company expects total sales to increase by approximately 8% and comparable store sales to rise between 1% to 2% [10][20] - The company plans to open 104 net new stores and anticipates capital expenditures of approximately $950 million [13][20]

Core Insights - Retail earnings are in focus this week as several companies within the Direxion Daily Retail Bull 3X Shares (RETL) prepare to report results just before the Thanksgiving and Black Friday shopping weekend [1] - Six retailers, including Burlington Stores, Best Buy, Kohl's, Dick's Sporting Goods, Urban Outfitters, and Abercrombie & Fitch, will release quarterly results [1][2] Group 1: Earnings Reports - Urban Outfitters will report earnings on Monday after market close, while the other five companies will report on Tuesday morning [2] - These six retailers represent approximately 6.7% of RETL's portfolio [2][6] Group 2: ETF Performance and Structure - RETL tracks the S&P Retail Select Industry Index and offers three times the index's daily performance, utilizing a modified equal-weighted methodology [3] - The equal-weight structure allows smaller retailers like Dick's Sporting Goods to impact the fund's performance similarly to larger companies like Amazon [4] Group 3: Market Trends and Forecasts - Consulting firm Bain & Company forecasts an 11% increase in Black Friday and Cyber Monday sales this year, surpassing broader holiday shopping growth estimates [5] - RETL has seen $6.01 million in net inflows over the past month and $349,400 in net inflows over the past five days [2][5]

Core Insights - Burlington Stores, Inc. is considered the weakest among its peers in the off-price retail sector, which includes TJX and Ross Stores [1] - The company reported approximately 2.5% comparable sales growth in the first half of the year, with flat growth in Q1 and 5% growth in Q2, surpassing Wall Street's expectation of 1.5% [2] - Despite a strong quarter, management adopted a more conservative tone for full-year guidance compared to TJX [2] Company Performance - Burlington Stores sells a variety of branded, value-focused fashion and home goods, including apparel, footwear, accessories, baby items, beauty products, and seasonal merchandise [2] - The company experienced a solid quarter, managing to beat expectations despite softer trends in May, with business returning to normal in June and July [2] Market Context - Jim Cramer highlighted Burlington's performance in the context of its competitors, noting that comparisons with TJX and Ross Stores are unfavorable for Burlington [1]

Market Overview - The market dynamics have shifted, with algorithmic trading dominating, leading to unpredictable selling patterns that disregard traditional holiday trends [2][3] - Investors are facing a lack of reliable data due to the government shutdown, impacting decision-making [3] Economic Indicators - The delayed September retail sales report is anticipated to be weak, which could increase the likelihood of interest rate cuts [3] - A soft retail sales report could lead to rising bond prices and falling yields, unless countered by a significant increase in the producer price index [4] - Housing turnover is at its lowest in 40 years, negatively affecting various industries reliant on housing sales [4] Company Insights Deere & Company (NYSE: DE) - Deere is viewed positively due to government support for farmers during tough times, which can lead to increased sales of farm equipment [9] - The company is expected to be resilient, but investors are advised to wait for the quarterly results before making purchases [9] Burlington Stores, Inc. (NYSE: BURL) - Burlington is considered the weakest among its peers in the off-price retail sector, with recent performance lagging behind competitors [10] - The company reported a 2.5% comparable sales growth in the first half, with a notable difference in growth rates between the first and second quarters [10][11] - Management's cautious guidance for the second half of the year reflects concerns over weather-related sales impacts, particularly in outerwear [11][13] - The stock trades at a higher valuation compared to its peers, with a PEG ratio of 1.4, and recent buyback activity has been limited [11][12]

Core Insights - The Q3 earnings season for S&P 500 companies is showing positive results, with 95% of companies having reported by November 21, and an expected 13.4% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2] Group 1: Earnings Performance - Analysts had initially expected a 7.9% increase in earnings per share for Q3 as of September 30, indicating a significant upward revision in expectations [3] - If the anticipated 13.4% growth holds, it represents an acceleration from the 12% growth rate reported in Q2 of this year [2] Group 2: Upcoming Reports - Recent retail earnings reports from Walmart, Home Depot, Lowe's, and Target will be followed by upcoming reports from Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores, which will provide insights into consumer sentiment and purchasing behavior [4] - Additional earnings reports from tech and other sectors are expected from companies such as Zoom, Dell, Workday, HP Inc., Deere, and Pony AI [5]

Core Insights - Burlington Stores, Inc. (BURL) is set to announce its third-quarter fiscal 2025 earnings on November 25, with revenue expectations of $2.71 billion, reflecting a 7.1% year-over-year growth, and earnings per share (EPS) estimated at $1.59, indicating a 2.6% increase from the previous year [1][10] Group 1: Earnings Performance - Burlington Stores has a trailing four-quarter earnings surprise of 11.7% on average, with the last reported quarter showing a 25.2% outperformance against the Zacks Consensus Estimate [2] - The Zacks model predicts an earnings beat for Burlington Stores, supported by a positive Earnings ESP of +3.24% and a Zacks Rank of 3 (Hold) [7][8] Group 2: Factors Influencing Q3 Earnings - Strong customer response to improved assortments and enhanced in-store execution is expected to support top-line results, with comparable store sales projected to increase by 1.5% [3] - Operational improvements under the Burlington 2.0 framework, including upgrades in merchandising systems and supply-chain efficiency, are anticipated to enhance merchandise margins and expense control [4] - Store transformation efforts, such as redesigned layouts and improved signage, have driven stronger customer engagement, leading to better performance compared to legacy formats [5] Group 3: Challenges Faced - Macroeconomic pressures, particularly higher import-related costs due to tariffs, are acknowledged as significant headwinds, impacting overall performance [6] - There are concerns regarding softer demand in seasonally sensitive categories, which may affect the company's results [6]

Core Insights - Burlington Stores (BURL) is expected to report quarterly earnings of $1.59 per share, reflecting a year-over-year increase of 2.6% [1] - Projected revenues for Burlington Stores are anticipated to be $2.71 billion, which represents a 7.1% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Estimates - The consensus estimate for 'Revenues- Net Sales' is $2.69 billion, indicating a year-over-year change of +6.7% [4] - Analysts project 'Revenues- Other revenue' to reach $4.70 million, reflecting a +4% change from the previous year [4] Store Metrics - Analysts predict that 'Stores at period end' will total 1,199, compared to 1,103 from the year-ago period [4] Stock Performance - Burlington Stores shares have increased by +5.9% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [4] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [4]

Core Viewpoint - Burlington Stores (BURL) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended October 2025, with the consensus outlook suggesting a positive earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for Burlington Stores is $1.59 per share, reflecting a year-over-year increase of +2.6% [3]. - Expected revenues for the quarter are $2.71 billion, which is a 7.1% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.04% higher, indicating a slight bullish sentiment among analysts [4]. - The Most Accurate Estimate for Burlington Stores is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +3.24% [12]. Earnings Surprise History - Burlington Stores has a history of beating consensus EPS estimates, having done so in the last four quarters [14]. - In the last reported quarter, the company exceeded expectations by delivering earnings of $1.59 per share against an expected $1.27, resulting in a surprise of +25.20% [13]. Industry Comparison - Ross Stores (ROST), another player in the discount retail sector, is expected to report earnings of $1.4 per share, indicating a year-over-year decline of -5.4% [18]. - Ross Stores has an Earnings ESP of +3.41% and has also beaten consensus EPS estimates in the last four quarters [19].

Core Insights - The Retail-Wholesale sector is expected to show growth in sales and earnings, influenced by consumer sentiment and spending trends [1][2] - The sector anticipates a year-over-year top-line growth of 6.2% and a bottom-line increase of 15.3% for the third quarter [2] - Companies with earnings beat potential have been identified, including Dollar General, Burlington Stores, Urban Outfitters, and TJX Companies [3] Sector Performance - Retail earnings are expected to reflect changing consumer spending patterns, with a shift towards essentials and value-oriented products due to inflation [4] - Persistent inflation continues to impact consumer budgets, leading to lower demand in discretionary categories [5] - The back-to-school season and early holiday promotions may help sustain sales in apparel, electronics, and personal care categories [5] Operational Challenges - Services and labor costs, particularly in logistics and staffing, are affecting operating margins [6] - Retailers focusing on strategic pricing and supply-chain management are better positioned to maintain market share [6] E-commerce Growth - The growth of e-commerce, supported by improved delivery times and AI-driven recommendations, is crucial for retail success [7] - Companies investing in online shopping experiences and loyalty programs gain a competitive advantage [7] Inventory Management - Efficient inventory management is key to retail profitability, with advanced analytics helping optimize stock levels [8] - Supply-chain complexities pose risks that may limit the benefits of improved demand planning [8] Company-Specific Insights - **Dollar General**: Zacks Rank 2, Earnings ESP of +12.31%, with a consensus estimate of $0.95 EPS, indicating a 6.7% increase year-over-year [10][12] - **Burlington Stores**: Zacks Rank 3, Earnings ESP of +3.24%, with a consensus estimate of $1.59 EPS, suggesting a 2.6% increase year-over-year [13][14] - **Urban Outfitters**: Zacks Rank 3, Earnings ESP of +6.24%, with a consensus estimate of $1.19 EPS, indicating an 8.2% increase year-over-year [15][16] - **TJX Companies**: Zacks Rank 3, Earnings ESP of +2.87%, with a consensus estimate of $1.22 EPS, suggesting a 7% increase year-over-year [17][18]