Burlington Stores Q1: Earnings Miss, Comps Up 4%, Reiterated FY23 Guidance & More
Portfolio Pulse from Shivani Kumaresan
Burlington Stores reported Q1 FY23 sales growth of 11% YoY to $2.13 billion, missing the consensus of $2.17 billion. Comparable store sales increased by 4%. Adjusted EPS of $0.84 missed the analyst consensus of $0.92. The company reiterated its FY23 guidance.
May 25, 2023 | 2:42 pm
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Burlington Stores missed Q1 sales and EPS estimates, but reiterated its FY23 guidance. Shares are trading lower by 0.24%.
Burlington Stores reported lower-than-expected Q1 sales and EPS, which could negatively impact the stock price in the short term. However, the company reiterated its FY23 guidance, which may provide some support to the stock. Shares are currently trading lower by 0.24%.
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