Burlington Stores Q3 Adj $1.10 Beats $0.99 Estimate, Sales $2.29B Miss $2.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores reported a significant increase in Q3 adjusted earnings per share (EPS) to $1.10, up 155.81% from $0.43 YoY. Sales also rose to $2.29B, a 12.15% increase from $2.04B YoY.
November 21, 2023 | 11:47 am
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Burlington Stores' Q3 results show a substantial increase in adjusted EPS and sales compared to the same period last year, indicating strong financial performance.
The substantial increase in both adjusted EPS and sales for Burlington Stores suggests a strong financial performance, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the positive earnings report.
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IMPORTANCE 90
RELEVANCE 100