Burlington Stores, Inc. Reports Second Quarter 2020 Earnings
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/22/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Burlington Stores (BURL) Tops Q2 EPS by 48c, Revenues Miss
August 27, 2020 6:48 AM EDTBurlington Stores (NYSE: BURL) reported Q2 EPS of ($0.56), $0.48 better than the analyst estimate of ($1.04). Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.11 billion.
On a GAAP basis, total sales declined 39%, net loss was $46.8 million, and EPS was ($0.71)On a Non-GAAP basis, Adjusted EPS was ($0.56)Total inventory decreased 26% at the end of the second quarterUnrestricted cash and total liquidity were approximately $1.1 billion and $1.2 billion, respectively, at the end of the second quarterMichael OSullivan, CEO, stated, The second quarter had some highs and... More
