BURLINGTON, N.J., Nov. 12, 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, will release its third quarter fiscal year 2024 results before the U.S. stock market opens on Tuesday, November 26, 2024. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference ...

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]

Retail Sector Overview - The retail sector is experiencing a steady rebound, with sales growth observed over the past few months, and the upcoming holiday season is expected to further boost sales [1][2] - Retail sales are projected to rise 3.5% year over year in 2024, with total sales estimated between $979.5 billion and $989 billion, despite being the slowest growth in six years [2] - The Commerce Department reported a 0.4% increase in retail sales for September, surpassing expectations [3] Holiday Season Impact - Holiday sales grew 3.9% to $955.6 billion last year, and retailers are expected to hire between 40,000 and 50,000 seasonal workers this year [2] - Online and non-store sales are projected to increase by 9% to $297.9 billion, up from $273.3 billion in 2023 [2] - Adobe Analytics forecasts online sales to jump 8.4% to $240.8 billion this holiday season, compared to $221.8 billion in 2023 [2] Company-Specific Insights - **Burlington Stores, Inc. (BURL)**: Expected earnings growth rate of 30.5%, with a Zacks Consensus Estimate improvement of 2.7% over the past 60 days, currently holding a Zacks Rank 2 [4] - **Costco Wholesale Corporation (COST)**: Expected earnings growth rate of 10.2%, with a Zacks Consensus Estimate improvement of 0.7% over the past 60 days, currently holding a Zacks Rank 2 [6] - **Chewy, Inc. (CHWY)**: Expected earnings growth rate of 65.2%, with a Zacks Consensus Estimate improvement of 17.5% over the past 60 days, currently holding a Zacks Rank 1 [7] - **Target Corporation (TGT)**: Expected earnings growth rate of 6.6%, with a Zacks Consensus Estimate improvement of 0.4% over the past 60 days, currently holding a Zacks Rank 2 [10] - **Lands' End, Inc. (LE)**: Expected earnings growth rate of over 100%, with a Zacks Consensus Estimate improvement of 23.3% over the past 60 days, currently holding a Zacks Rank 1 [12]

Core Viewpoint - Burlington Stores, Inc. (BURL) is experiencing significant growth driven by strategic initiatives, outperforming industry benchmarks and showing strong sales momentum as the holiday season approaches [1][4][11]. Financial Performance - BURL shares are currently trading at $257.78, 8.7% below the 52-week high of $282.49 reached on August 29, 2024 [1][2]. - Over the past six months, BURL stock has gained 45.1%, compared to the Zacks Retail-Discount Stores industry's growth of 14.1% [1]. - In Q2 of fiscal 2024, BURL achieved a 13.4% year-over-year increase in total sales, surpassing the previous year's 9% growth [4]. - Comparable store sales increased by 5%, exceeding expectations of flat to 2% growth, driven by a 7% rise in full-price sales [5]. Growth Strategies - Burlington's growth strategy focuses on rapid store expansion, operational efficiency, and robust inventory management [4]. - The company added 36 stores in the last quarter, bringing the total to 1,057, with plans to open another 100 stores and relocate 30 by the end of fiscal 2024 [4]. - The operating margin expanded by 160 basis points, with a gross margin improvement of 110 basis points to 42.8% [5]. Future Outlook - BURL has updated its fiscal 2024 guidance, expecting total sales growth of 9-10%, up from 8-10%, and comparable store sales growth of 2-3%, improved from 0-2% [6]. - Adjusted earnings per share (EPS) are anticipated between $7.66 and $7.96, an increase from the previous range of $7.35-$7.75 [6]. Valuation - The stock is trading at a forward 12-month price-to-sales ratio of 1.43, below the five-year industry average of 1.71, indicating attractive valuation [7]. - BURL currently holds a Value Score of A, reinforcing its appeal to investors [7]. Analyst Sentiment - The Zacks Consensus Estimate for EPS has been revised upward, with current year estimates increasing by 21 cents to $7.91 per share, indicating year-over-year growth of 30.5% [10]. - Sales estimates for the current and next year are pegged at $10.71 billion and $11.80 billion, reflecting year-over-year growth of 10.1% and 10.2%, respectively [10].

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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 ...