Burlington Stores, Inc. Stock News

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I recommend a buy rating for Burlington Stores stock due to strong demand, solid 3Q24 results, and a positive outlook for FY24. BURL reported 10.5% sales growth, margin improvements, and raised its FY24 EPS guidance. Favorable macro conditions, including elevated rates and value-conscious consumer behavior, support BURL's strong demand outlook and potential for continued multiple expansion.

Burlington Stores, Inc. (NYSE:BURL ) Q3 2024 Earnings Call Transcript November 26, 2024 8:30 AM ET Company Participants David Glick - SVP, IR and Treasurer Michael O'Sullivan - CEO Kristin Wolfe - EVP and CFO Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - Mor...

BURLINGTON, N.J., Nov. 26, 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, announced today that Shira Goodman, former Chief Executive Officer of Staples, Inc., is joining its Board of Directors and its Audit Committee effective J...

A warmer-than-normal autumn wasn't enough to stall sales growth for Burlington Stores. The off-price clothing retailer posted earnings Tuesday (Nov. 26) showing total sales up 11% for the third quarter (Q3), following 12% sales growth last year.

“Our third quarter comp trend started out very strongly, but then warmer temperatures from mid-September onwards slowed our sales momentum,” the company's CEO said.

BURLINGTON, N.J., Nov. 26, 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, today announced its results for the third quarter ended November 2, 2024.

Retail stocks Deckers Outdoor and Burlington Stores broke out of bases and reached new highs. An online auto auction stock also hit a high.