Burlington Stores Q4 Adj EPS $3.66 Beats $3.30 Estimate, Sales $3.13B Beat $3.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores (NYSE:BURL) reported Q4 adjusted earnings of $3.66 per share, surpassing the $3.30 estimate, and sales of $3.13B, exceeding the $3.07B estimate. This represents a 23.65% increase in earnings and a 13.92% increase in sales from the same period last year.
March 07, 2024 | 11:46 am
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Burlington Stores reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial year-over-year growth in both earnings and sales further strengthens the case for a positive impact on BURL's stock price.
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