Burlington Stores Q1 Adj $1.35 Beats $1.04 Estimate, Sales $2.36B Beat $2.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores (NYSE:BURL) reported strong Q1 earnings, with adjusted EPS of $1.35 beating estimates by 29.81% and sales of $2.36 billion surpassing expectations by 0.90%. This marks significant year-over-year growth in both earnings and sales.
May 30, 2024 | 10:48 am
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Burlington Stores reported Q1 earnings of $1.35 per share, beating the estimate of $1.04 by 29.81%. Sales were $2.36 billion, surpassing the $2.34 billion estimate. This represents a 60.71% increase in earnings and a 10.48% increase in sales year-over-year.
The significant beat on both earnings and sales, along with strong year-over-year growth, is likely to positively impact Burlington Stores' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100