Investors looking for stocks in the Retail - Discount Stores sector might want to consider either Burlington Stores (BURL) or Costco (COST). But which of these two stocks presents investors with the better value opportunity right now?
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Here is how Burlington Stores (BURL) and Carvana (CVNA) have performed compared to their sector so far this year.
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Burlington beat estimates on the top and bottom lines. It raised its earnings guidance for the year.
Burlington Stores (BURL) shares flew higher when the off-price apparel retailer posted better-than-expected results and strong guidance on reduced inventories and a pickup in demand later in the first quarter.
Burlington Stores' (BURL) total revenues in Q1 increase 10.5% from the prior-year quarter and comparable store sales rise 2%.
Cost-conscious customers from all income levels are helping drive sales at Burlington Stores. The off-price retailer saw its total sales increase by 11% during the first quarter of the year, according to earnings released Thursday (May 30).
Burlington Stores Inc. (NYSE:BURL ) Q1 2024 Earnings Conference Call May 30, 2024 8:30 AM ET Company Participants Michael O'Sullivan - Chief Executive Officer Kristin Wolfe - Executive Vice President, Chief Financial Officer David Glick - Senior Vice President, Investor Relations Conference Call Participants Matthew Boss - JP Morgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Adrienne Yih - Barclays Dana Telsey - Telsey Advisory Group Operator Ladies and gentlemen, thank you for standing by. At this time, I would like to welcome everyone to Burlington Stores Inc. first quarter 2024 earnings and webcast.
The headline numbers for Burlington Stores (BURL) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Discount retailers are taking market share as consumers flock to value-centric retailers.
Burlington Stores (BURL) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.84 per share a year ago.