Burlington Stores Sees FY23 Adj EPS Of $5.50 - $6.00 Vs. $6.02 Est; Sees FY23 Sales Growth Of 12% - 14%
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores forecasts FY23 adjusted EPS of $5.50 - $6.00, lower than the $6.02 estimate, and anticipates FY23 sales growth of 12% - 14%.
May 25, 2023 | 10:48 am
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NEGATIVE IMPACT
Burlington Stores' FY23 adjusted EPS forecast is below estimates, while sales growth is expected to be 12% - 14%.
Burlington Stores' lower-than-expected FY23 adjusted EPS forecast may negatively impact its stock price in the short term. However, the anticipated sales growth of 12% - 14% could partially offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100