Burlington Stores Q1 Adj EPS $0.84 Misses $0.92 Estimate, Sales $2.13B Miss $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores reported Q1 adjusted earnings of $0.84 per share, missing the analyst consensus estimate of $0.92 by 8.7%. Quarterly sales were $2.13 billion, missing the estimate of $2.17 billion by 1.84%. This represents a 55.56% increase in earnings and a 10.36% increase in sales compared to the same period last year.
May 25, 2023 | 10:46 am
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Burlington Stores' Q1 adjusted earnings and sales missed analyst estimates, with earnings at $0.84 per share and sales at $2.13 billion.
Burlington Stores' Q1 earnings and sales missed analyst estimates, which may negatively impact the stock price in the short term. The 8.7% miss in earnings and 1.84% miss in sales could lead to a decrease in investor confidence and a potential sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100