Discount retailer exceeds profit and same-store sales expectations

  • Burlington Stores stock jumps 9.9% after beating earnings expectations
  • Net income nearly triples to $48.6 million
  • Adjusted earnings per share of 98 cents surpasses consensus
  • Total revenue matches expectations at $2.29 billion
  • Same-store sales growth of 6.0% beats expectations
  • Gross margin improves to 43.2%
  • Merchandise inventories fall 8% to $1.33 billion
  • Fourth-quarter adjusted EPS expected to be $3.04 to $3.19
  • Total sales expected to increase 5% to 7% from last year

Shares of Burlington Stores Inc. surged 9.9% in premarket trading after the company reported impressive earnings and margin improvements. Net income for the quarter nearly tripled to $48.6 million, beating expectations. Adjusted earnings per share of 98 cents also surpassed consensus. Total revenue matched expectations at $2.29 billion, while same-store sales growth of 6.0% exceeded expectations. The company’s gross margin improved to 43.2%, and merchandise inventories fell 8% to $1.33 billion. Looking ahead, Burlington Stores expects adjusted EPS of $3.04 to $3.19 for the fourth quarter, with total sales projected to increase 5% to 7% from last year.

Public Companies: Burlington Stores Inc. (BURL)
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Factuality Level: 8
Justification: The article provides specific financial information about Burlington Stores Inc., including their net income, adjusted earnings per share, total revenue, same-store sales growth, gross margin, and merchandise inventories. The information is supported by comparisons to the FactSet consensus and previous year’s data. There is no apparent bias or opinion presented in the article.

Noise Level: 7
Justification: The article provides relevant information about Burlington Stores Inc.’s financial performance, including its profit and same-store sales. It also mentions the company’s expectations for the current quarter. However, the article lacks analysis or insights into long-term trends or antifragility. It also does not hold powerful people accountable or explore the consequences of decisions. The article stays on topic and supports its claims with data and examples, but it does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Shares of Burlington Stores Inc.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the financial performance of Burlington Stores Inc. and its impact on the stock market. However, there is no mention of any extreme event.

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