Burlington Stores, Inc. Reports First Quarter 2021 Earnings
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Burlington Stores (BURL) PT Raised to $360 at Wells Fargo
May 27, 2021 11:59 AM EDTWells Fargo analyst Ike Boruchow raised the price target on Burlington Stores (NYSE: BURL) to $360.00 (from $320.00) while maintaining an Overweight rating.
The analyst commented, "BURL's momentum is compelling, but valuation makes the near-term upside less visible. BURL bulls will likely need to be patient,... More
Burlington Stores (BURL) Tops Q1 EPS by $1.76, Revenues Beat
May 27, 2021 6:48 AM EDTBurlington Stores (NYSE: BURL) reported Q1 EPS of $2.59, $1.76 better than the analyst estimate of $0.83. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $1.77 billion.
All First Quarter 2021 comparisons are made versus the First Quarter 2019
On a GAAP basis, total sales increased 35%, net income was $171 million, and diluted EPS increased 118% to $2.51Comparable store sales increased 20%On a non-GAAP basis, Adjusted EBIT was $238 million, an increase of 360 basis points as a... More