BURL Stock Recent News

Costco, The TJX Companies, Target and Burlington have been highlighted in this Industry Outlook article.

BURLINGTON, Ontario, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Ashwood Glen School proudly announces its certification as an International Baccalaureate (IB) World School for the Primary Years Programme (PYP) , becoming the sole provider of this prestigious program in Burlington, Ontario.

Burlington Stores (BURL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BURL crossed above the 20-day moving average, suggesting a short-term bullish trend.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Burlington Stores (BURL) and Industria de Diseno Textil SA (IDEXY) have performed compared to their sector so far this year.

Burlington Stores posted strong Q2 2024 results with a 13% YoY sales increase and 5% comp sales growth, beating both management and Wall Street expectations. New store openings and accelerating comp sales growth, particularly in full-price sales, drove revenue and margin improvements, leading to an EBIT margin increase of 160 bps. Despite a cautious outlook for H2 2024 due to potential higher ocean freight costs, BURL upgraded its full-year EBIT margin and EPS guidance.

I recommend a buy rating for Burlington Stores (BURL) due to solid growth momentum and conservative management guidance likely to be beaten. BURL's 2Q24 results beat expectations with 13.4% retail sales growth and a 5% comparable store growth (CSG), indicating strong demand. Favorable macro conditions and robust back-to-school trends suggest continued strong CSG, with potential for upward guidance revisions and positive forward PE rating.

BURL's Q2 earnings results highlight a comparable store sales increase of 5%. The fiscal 2024 earnings view has also been raised.

Burlington Stores (BURL) Thursday posted a higher-than-estimated doubling of its profits and raised its outlook for the year, although it warned about increasing ocean shipping costs.

The financial results for four major retailers — Kohl's, Burlington Stores, Dollar General and Five Below — in the second quarter of 2024 highlighted a range of performances and strategic responses. From growth and resilience to challenges and adjustments, their fiscal performances provide insights into how they are navigating the evolving retail environment.