Burlington Stores shares are trading lower after the company lowered its full-year sales guidance, citing economic pressures on lower-income shoppers.
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has lowered its full-year sales guidance due to economic pressures on lower-income shoppers, causing its shares to trade lower.
August 24, 2023 | 2:12 pm
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Burlington Stores' shares are trading lower after the company lowered its full-year sales guidance, indicating economic pressures on lower-income shoppers.
Burlington Stores has lowered its full-year sales guidance, which is a negative signal to investors. This indicates that the company is expecting lower revenues, likely due to economic pressures on their target demographic of lower-income shoppers. This news has led to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100