Burlington Stores Maintains Previously Issued Q4 Guidance; Total Sales To Increase 5%-7%, Comparable Store Sales To Be In The Range Of -2% To 0%; Adjusted EPS Excluding The Expenses Of $3.10-$3.25
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has reaffirmed its Q4 guidance, expecting total sales to rise by 5%-7%. Comparable store sales are projected to range from -2% to 0%, while adjusted EPS, excluding expenses, is forecasted to be between $3.10 and $3.25.
November 21, 2023 | 11:57 am
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Burlington Stores maintains its Q4 guidance with total sales growth of 5%-7%, comparable store sales between -2% and 0%, and adjusted EPS of $3.10-$3.25.
Reaffirming guidance suggests stability in Burlington Stores' performance, which could reassure investors. However, the range for comparable store sales indicates potential challenges in growth, which may temper investor enthusiasm. The impact is likely neutral as the information confirms previous expectations without significant positive or negative surprises.
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