Burlington Stores: Fiscal Q1 Earnings Snapshot

BURLINGTON, N.J. (AP) — BURLINGTON, N.J. (AP) — Burlington Stores Inc. (BURL) on Thursday reported fiscal first-quarter earnings of $78.5 million.

On a per-share basis, the Burlington, New Jersey-based company said it had net income of $1.22. Earnings, adjusted for one-time gains and costs, came to $1.42 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The discount retailer posted revenue of $2.36 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.34 billion.

For the current quarter ending in July, Burlington Stores expects its per-share earnings to range from 83 cents to 93 cents.

The company expects full-year earnings in the range of $7.35 to $7.75 per share.

Burlington Stores shares have increased 3% since the beginning of the year. The stock has risen 30% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BURL at https://www.zacks.com/ap/BURL

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up