Burlington Stores, Inc. Reports First Quarter 2020 Earnings

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Burlington Stores (BURL) PT Raised to $250 at Cowen

May 28, 2020 1:35 PM EDT

Cowen analyst John Kernan raised the price target on Burlington Stores (NYSE: BURL) to $250.00 (from $190.00) while maintaining an Outperform rating.

The analyst commented, "We are revising margin and EPS estimates for FY20 well below consensus but the key takeaway is... More

Burlington Stores (BURL) Reports Q1 Loss Per Share of 4.76

May 28, 2020 6:47 AM EDT

Burlington Stores (NYSE: BURL) reported Q1 EPS of ($4.76), may not compare to the analyst estimate of ($1.03). Revenue for the quarter came in at $798 million versus the consensus estimate of $956.42 million.

On a Non-GAAP basis, Adjusted EPS was ($4.76), which includes a $272 million charge, or $2.77 per share, against aged... More