BURL - Why Off-Price Retailer Burlington Stores Shares Are Jumping Today | Benzinga
Burlington Stores Inc (NYSE: BURL) reported Q3 FY23 total revenue growth of 12% Y/Y to $2.289 billion, missing the consensus of $2.31 billion. Comparable store sales increased by 6%, within the management guidance of 5%-7%.
Adjusted EPS was $0.98 versus the management guidance of $0.86 - $1.01. Excluding expenses associated with the acquisition of Bed Bath & Beyond leases, Adjusted EPS was $1.10 versus the guidance of $0.97-$1.12.
The gross margin was 43.2% ...