The Latest Breaking News from Burlington Stores Inc

With rising demand for luxury brands and sustainable fashion, apparel stocks make an exciting opportunity in 2024. Therefore, it could be wise for investors to consider investing in top apparel stocks, such as Ross Stores (ROST), Burlington Stores (BURL), and The TJX Companies (TJX). Continue reading….

Discount retailers are positioned for strong gains in the U.S. market, as a confluence of economic variables drives consumers to look for affordable options when they purchase. Given this backdrop, it could be wise to load up the shares of Costco Wholesale Corp. (COST), Burlington Stores (BURL), and PriceSmart (PSMT)…

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…

Loop Capital analyst Laura Champine downgraded Burlington Stores Inc (NYSE:BURL) to Sell from Hold with a price target of $190, down from $255, suggesting a 15% downside. The analyst warned that inflation and reduced stimulus may lead to reductions in consensus estimates, as those factors disproportionately impact the company's customer base. Champine also believes that…