Burlington Stores, Inc. Reports Second Quarter 2022 Earnings
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August 25, 2022 3:45 PM EDT
Burlington Stores (NYSE: BURL) tumbled Thursday, currently down more than 10% after it reported earnings for its latest quarter, missing revenue expectations and lowering guidance.
While the retailer posted second-quarter earnings per share of $0.35, $0.12 better than the analyst estimate of $0.23, revenue for the quarter came in at $1.99 billion, missing the consensus estimate of $2.03 billion.
Total sales decreased 10%, while comparable store sales decreased 17% compared to the second quarter of fiscal 2021. The company put the comparable sales fall down to surging inflation and inventory... More
August 25, 2022 11:26 AM EDT
Wells Fargo analyst Ike Boruchow reiterated an Overweight rating and $200.00 price target on Burlington Stores (NYSE: BURL) following earnings.
The analyst commented, "BURL's 2Q results were expected to be slightly weak, and they were (missed comp plan due to low-end pressure and ramping... More
August 25, 2022 6:47 AM EDT
Burlington Stores (NYSE: BURL) reported Q2 EPS of $0.35, $0.12 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2.03 billion.
Total sales decreased 10% compared to the second quarter of Fiscal 2021 to $1,984 million, while comparable store... More
