Burlington's Strategic Expansion and Value Model Drive Growth

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]