Burlington Stores Stock News

Burlington <> reports Q4 revenue increase of 14.5% Y/Y to $2.6B but missed revenue estimates by $170M and EPS estimates by $0.68.Gross margin rate was 39.8% vs

The discount retailer missed earnings expectations by a wide margin, and investors punished the stock accordingly.

The discount retailer missed earnings expectations by a wide margin, and investors punished the stock accordingly.

OKTA, VEEV and BURL all posted double-digit percentage declines following the release of their respective quarterly results. Earnings news sent SPLK higher.

Off-price retailer Burlington Stores investors were unnerved by the company''s disappointing holiday quarter, and lack of guidance.

Burlington Stores Inc (NYSE: BURL ) reported fourth-quarter FY21 sales growth of 14.3% year-on-year, to $2.61 billion, missing the consensus of $2.78 billion. Compared to Q4 FY19, total sales increased 18%, comparable store sales increased 6%, and the gross margin contracted by 230 basis points to 39.8%. The total costs and expenses grew 16% Y/Y to $2.4 billion. Adjusted EBITDA increased 9.5% Y/Y to $306.7 million. Adjusted EPS of $2.53 missed … Full story available on Benzinga.com

Burlington Stores' (BURL) CEO Michael O'Sullivan on Q4 2021 Results - Earnings Call Transcript

Burlington Stores (BURL) delivered earnings and revenue surprises of -21.43% and 6.32%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

The discount retailer missed earnings expectations by a wide margin, and investors punished the stock accordingly.

Burlington Stores Inc. shares slid 11.6% premarket Thursday, after the off-price retailer posted weaker-than-expected fourth-quarter earnings as it saw a slowdown in traffic to its stores. The Burlington, NJ.-based company posted net income of $121.6 million, or $1.80 a share, for the quarter, down from $155.9 million, or $2.33 a share, in the year-earlier period. Adjusted per-share earnings came to $2.53, well below the $3.21 FactSet consensus. Revenue edged up to $2.619 billion from $2.283 billion, also below the $2.772 billion FactSet consensus. Same-store sales rose 6%, missing the FactSet consensus of 9.7%. "Ordinarily we would be happy with 6% comp growth in Q4 but compared to the rest of 2021 this was a slowdown in our trend," Chief Executive Michael O''Sullivan said in a statement. The slowdown was partly due to lower traffic, "due to a number of external factors, and partially driven by the late delivery of some critical receipts in December. There are specific actions that we have identified and that we can take to better manage these receipt issues going forward," he said.

Burlington press release (BURL): Q4 Non-GAAP EPS of $2.53 misses by $0.68.Revenue of $2.60B (+14.5% Y/Y) misses by $170M.Shares +1.35% PM.The Company is issuing the following…

All Fiscal 2021 comparisons are made versus the same period in Fiscal 2019

All Fiscal 2021 comparisons are made versus the same period in Fiscal 2019