Categories Earnings, Retail

Burlington Stores (NYSE: BURL): Q3 2019 Earnings Snapshot

— Burlington Stores (NYSE: BURL) reported adjusted earnings of $1.55 per share for the third quarter of 2019, vs. $1.40 per share expected.

— Unadjusted earnings increased to $96.5 million or $1.44 per share from $76.8 million or $1.12 per share in the third quarter of 2018

— At $1.78 billion, revenues were up 8.6% year-over-year, vs. $1.78 billion expected

— Comparable store sales increased by 2.7%, down from last year’s 4.4% increase

— Adjusted EBITDA increased 19% or $31 million from the third quarter of the previous year

— Raised full-year 2019 adjusted earnings outlook to $7.28-$7.33 per share from the earlier forecast of 7.14-$7.22 per share

— Expects full-year sales to increase in the range of 8.8% to 9.1% on an estimated comparable store sales growth of 2.1-2.4%

— Repurchased 223,009 shares of Burlington’s common stock for $43 million during the quarter

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top