Recap: Burlington Stores Q3 Earnings

Shares of Burlington Stores BURL moved lower by 1.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 81.29% year over year to $0.29, which beat the estimate of $0.16.

Revenue of $1,667,000,000 declined by 6.45% year over year, which beat the estimate of $1,530,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Burlington Stores hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Nov 24, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/sckfwz4a

Price Action

52-week high: $250.89

Company's 52-week low was at $105.67

Price action over last quarter: Up 13.58%

Company Description

The third- largest American off-price apparel and home fashion retail firm, with 727 stores as of the end of fiscal 2019, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday low price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2019, 22% of sales came from women's ready-to-wear apparel, 22% from accessories and footwear, 20% from menswear, 16% from youth apparel and baby, 15% from home décor, and 5% from coats. All sales come from the United States.