Burlington Stores (BURL) Reports In-Line Q1 EPS; Guides FY15 EPS Below Consensus
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Go back to Burlington Stores (BURL) Reports In-Line Q1 EPS; Guides FY15 EPS Below Consensus
June 9, 2015 7:00 AM EDT
Names Jennifer Vecchio as EVP/Chief Merchandising Officer
Reiterates Fiscal Year 2015 Guidance, inclusive of Hourly Wage
Increase
For the Fiscal 2015 First Quarter vs. the Fiscal 2014 First
Quarter:
Net sales rose 4.9%
Adjusted Diluted EPS rose 64% to $0.41, compared to $0.25 last
year
Adjusted EBITDA margin increased by 40bps vs. last year
Comparable store inventory decreased 11% and turned 18% faster
BURLINGTON, N.J.--(BUSINESS WIRE)--
Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price
retailer of high-quality, branded... More
June 9, 2015 6:59 AM EDT
BURLINGTON, N.J.--(BUSINESS WIRE)--
Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price
retailer of high-quality, branded apparel at everyday low prices, today
announced that its Board of Directors has authorized the Company to
repurchase up to $200 million of its common stock. The repurchase
program will be funded using the Companys available cash and is
expected to be executed over the next 24 months.
Tom Kingsbury, Chairman, President and Chief Executive Officer stated:
The decision by our Board of Directors to authorize this $200 million
share repurchase program reflects their confidence... More
