BURL's growth initiatives, including the Burlington 2.0 transformation and store expansion plan, are driving profitability and long-term value creation.
Burlington Stores (BURL) reported earnings 30 days ago. What's next for the stock?
Discount stocks, such as COST, TJX and BURL, have shown a consistent ability to perform well, even when broader market indices may experience volatility.
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Michael Zakkour, 5 New Digital founder and ‘The New Retail' author, joins 'Squawk Box' to discuss the holiday season shopping trends, state of the consumer, and more.
Goldman Sachs analysts added Burlington Stores to the firm's US Conviction List as part of its monthly update. The firm has a Buy rating on the shares with a $334 price target. Goldman sees Burlington's value offering as ideally positioned for today's economy. It expects the retailer to benefit from a sequentially strengthening low-income consumer as well as higher end consumers trading down to its value offering.
Burlington's upward trajectory, coupled with operational improvements, supports the potential for sustained growth and value appreciation in the long term.
I recommend a buy rating for Burlington Stores stock due to strong demand, solid 3Q24 results, and a positive outlook for FY24. BURL reported 10.5% sales growth, margin improvements, and raised its FY24 EPS guidance. Favorable macro conditions, including elevated rates and value-conscious consumer behavior, support BURL's strong demand outlook and potential for continued multiple expansion.
Burlington Stores, Inc. (NYSE:BURL ) Q3 2024 Earnings Call Transcript November 26, 2024 8:30 AM ET Company Participants David Glick - SVP, IR and Treasurer Michael O'Sullivan - CEO Kristin Wolfe - EVP and CFO Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Operator Hello and welcome to the Burlington Stores, Inc. Third Quarter 2024 Earnings Webcast and Conference Call. Please note that this call is being recorded.
BURL's Q3 earnings results highlight a comparable store sales increase of 1%. The company intends to open 101 net new stores in fiscal 2024.
A warmer-than-normal autumn wasn't enough to stall sales growth for Burlington Stores. The off-price clothing retailer posted earnings Tuesday (Nov. 26) showing total sales up 11% for the third quarter (Q3), following 12% sales growth last year.