Welcome to our dedicated page for Burlington Stores news (Ticker: BURL), a resource for investors and traders seeking the latest updates and insights on Burlington Stores stock.
Burlington Stores Inc (BURL), a Fortune 500 off-price retail leader, provides investors and industry professionals with timely updates through this centralized news hub. Track official announcements, financial disclosures, and strategic developments from the company renowned for delivering branded merchandise at exceptional value.
This resource aggregates essential updates including quarterly earnings reports, store expansion announcements, leadership changes, and supplier partnerships. Users gain access to verified information about Burlington's operational strategies, market positioning, and initiatives within the competitive discount retail sector.
Key content categories include financial performance updates, merchandising strategy adjustments, corporate responsibility initiatives, and supply chain developments. Each announcement is curated to help stakeholders understand Burlington's approach to maintaining its position as a top off-price retailer.
Bookmark this page for direct access to Burlington Stores' latest verified news. Combine regular monitoring with SEC filings and investor relations materials for comprehensive analysis of the company's market trajectory.
Burlington Stores, Inc. (NYSE: BURL) announced the retirement of Chief Financial Officer John Crimmins, effective August 31, 2022 or upon the appointment of his successor. Crimmins will provide consulting services until February 2023 to ensure a smooth transition. With over 11 years at Burlington, he played a pivotal role in strengthening the finance team. The company has engaged Egon Zehnder to aid in the CFO search. Burlington reported net sales of $9.3 billion in Fiscal 2021 and operates 840 stores nationwide.
Burlington Stores (NYSE: BURL) reported strong financial results for Q4 and Fiscal 2021, with total sales up 18% in Q4 and 28% for the full year compared to FY19. Net income for Q4 was $122 million ($1.80 per share), while FY net income totaled $409 million ($6.00 per share), down 12% from FY19. The company redeemed $533 million in debt and resumed share repurchases, buying back $250 million in stock. However, Q4 comp store sales increased only 6%, signaling a slowdown due to external factors. The company anticipates a challenging retail environment in 2022, refraining from providing specific sales or earnings guidance.
Burlington Stores, Inc. (NYSE: BURL) is set to release its fourth quarter and fiscal year 2021 results on March 3, 2022, before U.S. market opens. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can join via U.S. toll-free dial-in 1-866-437-5084 or the international number 1-409-220-9374. The company encourages stakeholders to monitor updates through SEC filings, press releases, and social media. As of Q3 2021, Burlington operated 832 stores in 45 states and Puerto Rico, with net sales of $5.8 billion in Fiscal 2020.
Burlington Stores (NYSE: BURL) reported a robust third quarter for fiscal 2021, with total sales rising by 30% to $2.3 billion compared to Q3 2019. Net income stood at $14 million, or $0.20 per share, affected by an $86 million debt extinguishment charge. Comparable store sales increased 16%.
Adjusted EPS reached $1.36, while adjusted EBIT remained stable at $140 million. The company plans to accelerate new store openings, forecasting 101 new stores for fiscal 2021. Despite supply chain challenges, the CEO remains optimistic about market share growth.
Burlington Stores, Inc. (NYSE: BURL) will announce its third quarter fiscal year 2021 results on November 23, 2021, before the U.S. stock market opens. The company will conduct a conference call at 8:30 a.m. ET that same day to discuss the results. Interested parties can access the call via a U.S. toll-free number or a live webcast on the investor relations page of its website. A replay will be available from November 23, 2021, at 11:30 a.m. ET until November 30, 2021. Burlington Stores, recognized for off-price retailing, operated 792 stores as of Q2 fiscal 2021.
Burlington Stores, Inc. reported strong second-quarter results for the fiscal year 2021, with total sales up 34% to $2.213 billion and net income at $103 million, reflecting a 21% increase from FY2019. Diluted EPS rose 19% to $1.50, while comparable store sales increased by 19%. Adjusted EBIT grew by 55% to $183 million. However, the company acknowledged challenges such as supply chain expenses affecting margins, alongside an uncertain market environment. Forecasts for capital expenditures are now around $510 million, with plans for 100 new store openings.
Burlington Stores, Inc. (NYSE: BURL) released its third annual Corporate Social Responsibility (CSR) Report, highlighting significant progress in Environmental, Social, and Governance (ESG) initiatives for fiscal year 2020. Key achievements include a 44% reduction in Scope 1 and 2 greenhouse gas emissions, installation of a rooftop solar array expected to produce 7.7 million kilowatt-hours of electricity annually, and the creation of a Senior Vice President of Inclusion and Diversity position. The company aims to strengthen community partnerships and prioritize diversity, contributing to its long-term resilience and sustainability.
Burlington Stores, Inc. (NYSE: BURL) will release its Q2 fiscal year 2021 results on August 26, 2021, before U.S. market opens. A conference call will follow at 8:30 a.m. ET, allowing investors to discuss the results. A live webcast will be accessible on the company's investor relations page. A replay of the call will be available from 11:30 a.m. ET the same day until September 2, 2021. Burlington operates 784 stores, offering branded apparel at discounts of up to 60% compared to other retailers, generating net sales of $5.8 billion in fiscal 2020.
Burlington Stores, Inc. (NYSE: BURL) reported impressive first-quarter results for Fiscal 2021, with total sales rising 35% to $2.19 billion and net income surging 120% to $171 million. Comparable store sales increased by 20%, while diluted EPS improved 118% to $2.51. Adjusted EBIT reached $238 million, reflecting a 360 basis points increase as a percentage of sales. Despite these strong metrics, the company warned of ongoing supply chain and freight expense challenges that may impact operating margins. Looking ahead, no sales or earnings guidance was provided due to recovery uncertainties.
