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0 -0.0105421686746988 -0.000376506024096471 -0.0399096385542169 -0.065323795180723 -0.0490963855421687 -0.0289156626506024 -0.031042921686747
Stock impact report

Burlington Shares Slide After Store Traffic "Fell Off Significantly" [zero hedge]

Burlington Stores, Inc. (BURL) 
Last burlington stores, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: burlingtoninvestors.com
Company Research Source: zero hedge
Burlington Shares Slide After Store Traffic "Fell Off Significantly" Off-price department store retailer Burlington, formerly known as Burlington Coat Factory, fell in premarket trading after reporting weak third-quarter comparable sales and issuing soft fourth-quarter and full-year comp guidance that missed Bloomberg Consensus expectations. Snapshot: Q3 Results (Slight Miss on Revenue/Comps) Adjusted EPS: $1.68 (beat) vs. $1.55 y/y Revenue: $2.71B (+7.1% y/y), just below Bloomberg Consensus ($2.72B) Comp sales: +1% (Estimate: +2.5%) Gross margin: 44.2% (up from 43.9%) SG&A: 35% of revenue (improvement vs. 35.4%) Merchandise inventories: $1.66B, up 15% y/y (well above BBG estimate of $1.51B) "Total sales increased 7% in the third quarter, while comparable store sales increased 1%. Traffic to our stores fell off significantly after the back-to-school period driven by unseasonably warm temperatures in our major markets . Our comp trend then picked up to mid-single-digits in mid-October Show less Read more
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