Burlington Stores

Burlington Stores, Inc. engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Burlington reports Q1 comp growth below guidance, strong EPS growth

Burlington's Q1 performance fell slightly short of guidance, but with strong EPS growth. The company faces challenges related to economic health and merchandise margins, but sees opportunities in new store openings and leveraging against past mistakes.

Burlington Stores Adjusts Full-Year Guidance, Plans Store Expansion

Burlington Stores is maintaining the low end of their original comp sales and EBIT margin plan while tightening the range of their adjusted EPS guidance. The company is confident in their store expansion plans and is focused on addressing challenges in the current macroeconomic environment.

Burlington Stores, Inc. reports strong Q3 performance and outlines long-term growth plans

Burlington Stores, Inc. reported strong Q3 performance with a 6% comp store sales increase and maintained Q4 guidance. The company expressed confidence in its longer-term outlook, projecting total sales to reach $16 billion over the next 5 years. Management highlighted challenges due to warm weather and opportunities for improvement in merchandising and operational areas.

Burlington Stores reports Q4 growth, eyes off-price retail transformation

Burlington Stores navigated challenges in Q4 2022 with a focus on value, branded merchandise, and store expansion.
The company aims for 3-5% comp sales growth in 2023, with a long-term vision to strengthen its off-price retail position.
Despite margin pressures, opportunities for growth include margin expansion drivers and increased store openings.
Investments in technology and merchandising organization enhancements position Burlington Stores for future success.

Burlington Stores reports Q1 growth, eyes efficiency and younger shoppers

Burlington Stores showed solid performance in Q1 2024 with comp store sales growth and strategic investments in efficiency and value focus.
While facing challenges like economic concerns and margin impacts, the company is confident in its back-half guidance and growth opportunities.
By focusing on initiatives like Burlington 2.0 and Merchandising 2.0, Burlington Stores aims to enhance its competitive position and attract a broader customer base.
Overall, Burlington Stores is navigating market challenges while capitalizing on its strengths to drive growth and improve operational efficiency.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Burlington Stores, Inc. engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear. The company was founded in 1972 and is headquartered in Burlington, NJ.

I recommend a buy rating for Burlington Stores, expecting near-term positive tailwinds that will boost earnings growth. Despite a slight comp growth miss in 1Q23, the company should benefit from trade-down benefits and near-term growth should outpace historical rates. BURL's balance sheet remains strong with manageable net debt, but the risk of a sharper decline in consumer spending should be considered.

Burlington Stores: Business To Start Enjoying Benefits Of Trade Down

HARTFORD, Conn.--(BUSINESS WIRE)--Burlington Insurance Group, Inc. and certain of its subsidiaries have issued the securities identified on Exhibit A (the “Securities”), each of which are still outstanding . Reference is made to (i) the Adjustable Interest Rate (LIBOR) Act of 2022 (the “LIBOR Act”) and (ii) the regulations promulgated to carry out the LIBOR Act (the “LIBOR Regulations”). Each of the Securities uses three-month USD LIBOR as a benchmark for determining interest payments on such S.

Burlington Insurance Group, Inc.—Notice of LIBOR Benchmark Replacement Effective After June 30, 2023 With Respect to the Securities Identified on Exhibit A hereto

Bed Bath & Beyond Inc

Haverty Furniture Companies

Major retailers are buying Bed Bath & Beyond leases as the beleaguered retailer winds down operations after filing for bankruptcy protection in April.

Bed Bath & Beyond shuttered stores: These companies are moving in

Burlington Stores is set to take over 50 former Bed Bath & Beyond locations after the home goods retailer auctioned its leases.

These retailers will take over Bed Bath & Beyond's 'top-notch' store leases

Burlington Stores' (BURL) 2.0 initiative, which aims at improving the execution of its off-price model, looks encouraging. Its store-growth efforts are also appreciated.

Burlington Stores' (BURL) Store-Growth Initiatives Look Good

Etsy

Luminar Technologies

With the Nasdaq in bull territory after the sustained rally this year, many stocks have returned tremendous gains from their trough. Nvidia (NASDAQ: NVDA ) comes to mind first, returning 250%-plus from its trough, while others like Meta Platforms (NASDAQ: META ) have climbed over 200%.

The 3 Best Millionaire-Maker Stocks to Buy for June 2023

AutoZone

BJ`s Wholesale Club Holdings Inc

Costco

Floor & Decor Holdings

Grocery Outlet

Ross Stores

Sprouts Farmers Markets

Target

Tapestry

Tractor Supply

Urban Outfitters

Every earnings season there are retail horror stories but also some companies that stand out in a competitive environment. Below is a list of 13 U.S. retailers that have put up good quarterly numbers.

13 retailers posted a good earnings season based on two key measures. Are their stocks worth a look?

Burlington Stores (BURL) posts weak results for first-quarter fiscal 2023. However, comparable store sales jumped 4% year over year.

Burlington Stores (BURL) Q1 Earnings Miss Mark, Sales Rise Y/Y

Best Buy

Dollar Tree

The retail sector has been in focus over the past week, with several big names hitting up the  earnings confessional.

3 Retail Stocks Making Big Post-Earnings Moves

Burlington Stores, Inc. (NYSE:BURL ) Q1 2023 Earnings Conference Call May 25, 2023 8:30 AM ET Company Participants David Glick - Investor Relations Michael O'Sullivan - Chief Executive Officer Kristin Wolfe - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Ike Boruchow - Wells Fargo Alex Straton - Morgan Stanley John Kernan - TD Cowen Chuck Grom - Gordon Haskett Mark Altschwager - Baird Operator Ladies and gentlemen, thank you for standing by and welcome to the Burlington Stores, Inc. First Quarter 2023 Earnings Webcast. I would now like to turn the call over to David Glick, Group SVP, Investor Relations and Treasurer.

Burlington Stores, Inc. (BURL) Q1 2023 Earnings Call Transcript

The headline numbers for Burlington Stores (BURL) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Burlington Stores (BURL) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Burlington Stores (BURL) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.54 per share a year ago.

Burlington Stores (BURL) Lags Q1 Earnings and Revenue Estimates

Shares of Burlington Stores Inc. BURL, +3.19% dropped 1.8% in premarket trading Thursday, after the discount apparel retailer reported fiscal first-quarter profit and revenue that missed expectations, as lower tax refunds and cooler weather weighed on sales. Net income doubled, to $32.7 million, or 50 cents a share, from $16.2 million, or 24 cents a share, in the year-ago period.

Burlington Stores stock falls after profit and revenue miss, as lower tax refunds and cooler weather weigh on sales

BURLINGTON, N.J., May 25, 2023 (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, today announced its results for the first quarter ended April 29, 2023.   Michael O'Sullivan, CEO, stated, “Our first quarter comparable sales growth came in just below guidance. We had gotten off to a very strong start but then the trend fell off in March. We believe that this weakening in the trend was driven by two external and transitory factors – lower tax refunds and cooler weather leading up to Easter.”

Burlington Stores, Inc. Reports First Quarter 2023 Earnings

Burlington Stores' (BURL) fiscal first-quarter 2023 performance is likely to have benefited from the solid execution of its Burlington 2.0 strategy and other strategic efforts.

What's in Store for Burlington Stores (BURL) in Q1 Earnings?

When Andrew Pessano was looking to create a state-of-the-art indoor pickleball facility in southern New Jersey and take advantage of the surging interest in the sport, he considered building it from scratch. But he and his partners realized it would take at least two years and likely cost well over $1 million.

How pickleball could help save America's malls

BURLINGTON, N.J., May 11, 2023 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, will release its first quarter fiscal year 2023 results before the U.S. stock market opens on Thursday, May 25, 2023. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day.

Burlington Stores, Inc. Announces First Quarter Fiscal Year 2023 Earnings Release Date, Conference Call and Webcast

Now through May 15, round up your purchase in store to help build brighter futures

Burlington Stores Partners with YouthBuild USA: Empowering Young People to Reach Their Full Potential

Burlington Stores (BURL) is aiding on successful execution of its 2.0 strategy and its Full Potential plan for growth. Its store-growth efforts are also appreciated.

Will Strategic Initiative Aid Burlington Stores' (BURL) Growth?

Burlington Stores' (BURL) successful execution of its 2.0 strategy and its Full Potential plan looks encouraging. Its store-growth efforts are also appreciated.

Burlington Stores (BURL) Banks on Strategies: Apt to Hold

DALLAS--(BUSINESS WIRE)--Martin Pallet, a Generational Equity client, was acquired by Burlington Capital Partners.

Generational Equity Advises Martin Pallet in its Sale to Burlington Capital Partners

Bed Bath & Beyond

Kohl's

Lululemon Athletica

Macy's

Under Armour

By now you've probably heard the term “margin compression” numerous times in the news and headlines. It's an all too familiar term echoed by retailers on their earnings reports to explain why their earnings came in lighter than expected.

Margin Compression. What's it Mean for Your Retail Stocks?

It's an off-price retailer's market. While large department stores ranging from Nordstrom to Kohl's are struggling to find their footing, off-price retailers such as Burlington Stores are finding an opportunity to shine.

Burlington Stores Optimistic Even as High Earners Become More Cost Conscious

While retailers have been cautious about the months ahead, it's likely to be a strong year for off-price chains as shoppers look to save money.

Discount chains Ross, T.J. Maxx, and Burlington are planning to add more than 300 new stores.

Although the revenue and EPS for Burlington Stores (BURL) give a sense of how its business performed in the quarter ended January 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Burlington Stores Stock (BURL)