Off-price retail company Burlington Stores (NYSE:BURL) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.
Burlington missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $2.53 billion, up 10.5% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations.
Is Burlington a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Burlington’s revenue to grow 3.8% year on year to $3.25 billion, slowing from the 13.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Burlington has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Burlington’s peers in the general merchandise retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Ross Stores’s revenues decreased 1.8% year on year, meeting analysts’ expectations, and TJX reported flat revenue, topping estimates by 1%. TJX’s stock price was unchanged following the results.
Read our full analysis of Ross Stores’s results here and TJX’s results here.
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