Burlington Stores, Inc. Reports Second Quarter 2022 Earnings

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Go back to Burlington Stores, Inc. Reports Second Quarter 2022 Earnings

Burlington Stores (BURL) Declines After it Misses Revenue Expectations, Lowers Guidance

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

Wells Fargo Reiterates Overweight Rating on Burlington Stores (BURL) Following EPS

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

Burlington Stores (BURL) Tops Q2 EPS by 12c; Guides Lower

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