BURL - These Analysts Boost Their Forecasts On Burlington Stores After Upbeat Earnings | Benzinga
Burlington Stores, Inc. (NYSE: BURL) reported better-than-expected fourth-quarter financial results on Thursday.
Revenue growth of 14% Y/Y to $3.126 billion, beating the consensus of $3.07 billion. Comparable store sales increased by 2%, ahead of management guidance of -2% to 0%. On a 13-week basis, Adjusted EPS rose 25% Y/Y to $3.69, above guidance of $3.10-$3.25, and surpassed the consensus of $3.30, according to data from Benzinga Pro.
Michael O’Sullivan, CEO, said, "Looking ahead to 2024, we remain confident in the comparable store sales and margin assumptions we shared in November. There is a lot of uncertainty in the external environment, ...