Burlington Stores Stock News

Despite the ongoing supply chain and price issues, off-price retailer Burlington Stores, Inc. (BURL) delivered solid third-quarter results beating both earnings and revenue. The post Burlington Stores Jumps 8.6% on Solid Q3 Beat appeared first on Smarter Analyst .

After a solid run, off-price chains could face challenges during the first part of the new year.

Jefferies Stick to Their Buy Rating for Burlington Stores

Companies In The News Are: ZM, BBY, BURL, DLTR.

After a solid run, off-price chains could face challenges during the first part of the new year.

BURL earnings call for the period ending October 30, 2021.

Burlington Stores, Inc. (NYSE: BURL) Q3 2021 earnings call dated Nov. 23, 2021 Corporate Participants: David J. Glick Investor Relations Michael OSullivan Chief Executive Officer John Crimmins Executive Vice President and Chief Financial [] The post Burlington Stores, Inc. (BURL) Q3 2021 Earnings Call Transcript first appeared on AlphaStreet .

Burlington Stores, Inc. (NYSE:BURL) saw unusually large options trading activity on Tuesday. Traders bought 2,318 call options on the stock. This is an increase of 31% compared to the average daily volume of 1,770 call options. Several research analysts have commented on BURL shares. MKM Partners lifted their price objective on shares of Burlington Stores []

Burlington Stores Inc. (NYSE:BURL) saw its shares skyrocket mid-morning Tuesday, on third-quarter numbers The company reported third-quarter FY21 sales growth of 38.2% year-on-year, to $2.30 billion, beating the analyst consensus of $2.23 billion. Total sales increased 30%, and comparable-store sales increased 16% versus Q3 of FY19. The gross margin contracted by 100 basis points against Q3 FY19 to 41.4%. The total costs and expenses grew 38.2% Y/Y to $2.3 billion. Adjusted EBITDA increased 6.7% from Q3 FY19 to $205 million, while the margin contracted 190 basis points. Adjusted EPS of $1.36 beat the analyst consensus of $1.26. The company held $1.2 billion in cash and equivalents as of October 30, 2021. Cash provided by operating activities for the nine months totaled $608 million. "As predicted, freight and supply chain headwinds pressured margins in Q3," said CEO Michael O''Sullivan. "As the economy moves into a more inflationary environment, we think that shoppers will be even more attracted to our great values.

Bloomberg is reporting that President Joe Biden is set to tap 5 million barrels of the U.S. Strategic Oil Reserves in response to higher oil prices. This would be the biggest draw ever for the United

The stock price of Burlington Stores Inc (NYSE: BURL) increased by over 9% during intraday trading today. This is why it happened.

Burlington Stores, Inc. (BURL) CEO Michael O'Sullivan on Q3 2021 Results - Earnings Call Transcript