NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Burlington Stores, Inc. (NYSE: BURL) on behalf of the company's shareholders.  The investigation seeks to determine whether Burlington Stores's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of Burlington Stores, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https ...

Burlington Stores Inc (BURL) Performance - The company has solidified its position as a leading off-price retailer by prioritizing customer value, enhancing supply-chain performance, and expanding its reach [1] - In Q2 2024, BURL achieved 13% YoY sales growth, driven by store expansion and a 5% increase in comparable store sales [3] - BURL added 36 stores in Q2, reaching a total of 1,057 locations, with plans to open 100 new stores by the end of fiscal 2024 [4] - Operating margins improved by 160 basis points YoY, and gross margins expanded by 110 basis points due to strong inventory management and higher full-price sales [5] - The company updated its fiscal 2024 guidance, expecting total sales growth of 9-10%, up from the previous 8-10%, and comparable store sales growth of 2-3%, up from 0-2% [7] - Adjusted operating margin is forecast to increase by 50-70 basis points, and adjusted EPS is expected to be $7.66-$7.96, up from $7.35-$7.75 [8] - For Q3 2024, BURL anticipates total sales growth of 10-12%, comparable sales growth of 0-2%, and an adjusted EBIT margin improvement of 60-80 basis points [9] - In Q4 2024, comparable sales are expected to be flat or rise by 2%, with total sales growth projected at 5-7% [9] Skechers (SKX) Performance - Skechers is focusing on expanding its direct-to-consumer segment and growing international sales, with investments in store openings and omnichannel capabilities [10] - For fiscal 2024, SKX expects sales between $8.93 billion and $8.98 billion, up from $8 billion in fiscal 2023, and EPS between $4.20 and $4.25, up from $3.49 in fiscal 2023 [11] Steven Madden Ltd (SHOO) Performance - SHOO has shown recovery in its U.S. wholesale footwear business, signaling a positive shift toward normalized inventory levels and renewed growth with key retail partners [12] - For 2024, SHOO expects revenue growth of 11-13% and adjusted EPS of $2.55-$2.65, up from $2.30 in 2023 [13] Abercrombie (ANF) Performance - Abercrombie is on track to achieve sustainable, profitable growth in 2024, driven by its focus on high-quality, on-trend assortments and investments in stores, digital, and technology [14] - The company raised its fiscal 2024 sales and operating margin views, anticipating net sales growth of 12-13%, up from the previous 10% target, compared to $4.3 billion in the prior year [15]

The retail sector is making a steady rebound, with sales growing over the past couple of months. The upcoming holiday season is expected to help retailers further, with sales projected to grow at a solid pace this year.Given the positive outlook, investing in retail stocks like Burlington Stores, Inc. (BURL) , Costco Wholesale Corporation (COST) , Chewy, Inc. (CHWY) , Target Corporation (TGT) andLands' End, Inc. (LE) would be a wise decision ahead of the holiday season. These stocks have seen positive earni ...

Burlington Stores, Inc. (BURL) shares are currently trading 8.7% below the 52-week high of $282.49 reached on Aug. 29, 2024, making investors contemplate their next moves. Over the past six months, the BURL stock has gained 45.1%, outperforming the Zacks Retail-Discount Stores industry’s 14.1% growth. As the market fluctuates and the holiday season approaches, the question is whether you should buy, hold or sell the BURL stock.The company’s initiatives, including enhancing merchandising capabilities and opt ...

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With the holiday season just around the corner, bargain hunters are on the streets to grab the best deals on products. It is not a hidden fact that economic uncertainties and inflation have led many budget-conscious consumers to prioritize value-driven purchases, making discount retailers like Costco Wholesale Corporation (COST) , The TJX Companies, Inc. (TJX) , Ross Stores, Inc. (ROST) and Burlington Stores, Inc. (BURL) a go-to destination for shopping. This shift in consumer behavior creates a unique oppo ...

Burlington Stores, Inc. (BURL) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 28.54, slightly above its historical median of 27.85 over the past year, but still at a modest discount to the industry average of 29.75. This blend of higher valuation relative to its historical benchmark, yet undervalued compared to peers, presents a potential opportunity for investors seeking growth at a reasonable price while the market remains cautiously optimistic. Image Source: Zacks Investment ...

Burlington Stores, Inc.'s (BURL) strong sales growth in the second quarter of 2024, driven by an aggressive store expansion strategy, robust comparable sales performance and operational efficiencies, positions the company for sustained success. Enhanced inventory management and operational efficiencies have boosted profitability. The company's revised guidance for fiscal 2024 reflects confidence in its continued strong performance, with expectations for improved margins and earnings. Investments in supply-c ...

Burlington Stores, Inc. (BURL) has demonstrated strong upward momentum, trading above its 200-day and 50-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. BURL closed yesterday's trading session at $274.76, ahead of its 200-day and 50-day SMA of $220.42 and $262.50, respectively, highlighting a continued uptrend. This technical strength, along with sustained momentum, reflects positive market sentiment and investor confidence in BURL's financial health ...

Burlington Stores, Inc. (BURL) has seen an impressive surge in its stock price over the past year, which climbed 102.7% and surpassed the Zacks Retail-Discount Stores industry's 45.3% growth. This is owing to the company's effective inventory management and focus on full-price selling, which has also helped it to outperform the broader Retail-Wholesale sector and the S&P 500 index's respective growth of 30.3% and 31.2% in the same period. This impressive uptick has left many investors wondering if they miss ...