Burlington Stores stock price

Burlington Stores latest news:

  • 11/21/2017 05:21:51

    Burlington Stores shares slide 6% premarket as sales fall slightly short of views

    Burlington Stores Inc. shares fell 6% in premarket trade Tuesday, after the company's third-quarter sales number came in slightly short of expectations and the company offered a fourth-quarter EPS outlook that was below consensus. The discount retailer said it had net income of $44.9 million, or 65 cents a share, in the third quarter, compared with $32.4 million, or 45 cents a share, in the year-earlier period. Adjusted per-share earnings came to 70 cents, ahead of the FactSet consensus of 66 cents. Sales rose 7.1% to $1.438 million, a touch below the FactSet consensus of $1.439 billion. Same-store sales rose 3.1%, matching the FactSet consensus. The company said it now expects fourth-quarter sales to rise 11% to 12% and same-store sales to rise 2% to 3%. Adjusted EPS is expected to range from $2.02 to $2.06. The FactSet consensus is for same-store sales of 2.9% and EPS of $2.10. For the full year, the company expects sales to rise 8.1% to 8.4% and for same-store sales to be up 2.3% to 2.6%. Adjusted EPS is expected to range from $4.23 to $4.27. The FactSet consensus is for full-year same-store sales of 2.6% and EPS of $4.25. Shares have gained 26% in 2017, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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