Burlington Stores Raises FY24 Adj EPS Outlook To $7.35-$7.75 Vs. $7.41 Est; Sales Growth Of 8% - 10%
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has raised its FY24 adjusted EPS outlook to $7.35-$7.75, compared to the previous estimate of $7.41. The company also expects sales growth of 8% to 10%.
May 30, 2024 | 10:51 am
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Burlington Stores has increased its FY24 adjusted EPS outlook to $7.35-$7.75, surpassing the previous estimate of $7.41. The company also projects sales growth of 8% to 10%, indicating strong performance expectations.
The raised EPS outlook and strong sales growth projection suggest that Burlington Stores is performing well and expects continued growth. This positive financial outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100