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• Burlington Stores soared 20% to $165.06 after the discount retailer reported strong quarterly results, and comparable store sales rose 6% from a year ago.
  
  Revenue in the third quarter increased 12% to $2.28 billion from $2.04 billion, net income advanced to $48.55 million from $16.78 million, and diluted earnings per share rose to 75 cents from 26 cents a year ago.
  
  Total merchandise inventories declined 8% to $1.32 billion from $1.45 billion, but store-level inventories rose 2%.
  
  During the third quarter, the company repurchased 348,948 shares of its common More
  
  Nov 22, 2023
• Burlington Stores soared 20% to $165.06 after the discount retailer reported strong quarterly results, and comparable store sales rose 6% from a year ago.
  
  Revenue in the third quarter increased 12% to $2.28 billion from $2.04 billion, net income advanced to $48.55 million from $16.78 million, and diluted earnings per share rose to 75 cents from 26 cents a year ago.
  
  Total merchandise inventories declined 8% to $1.32 billion from $1.45 billion, but store-level inventories rose 2%.
  
  During the third quarter, the company repurchased 348,948 shares of its common stock for $52 million, and $78 million were still available in the stock repurchase plan.
  
  For the fiscal fourth quarter, the retailer is estimating total sales to increase between 5% and 7% and comparable sales to fall in the range between a decline of 2% and zero.
  
  The company estimated total sales in fiscal year 2024 to increase 11%, including a 2% increase because of the 53rd week, and adjusted earnings per share in the range of $5.52 and $5.67, including 20 cents of expected incremental expenses related to the recently acquired Bed Bath & Beyond leases. Less
  
  Nov 22, 2023


• Burlington Stores said revenue in the fourth quarter increased 5% to $2.7 billion and comparable sales decreased 2%. Net income increased to $185 million from $122 million and diluted earnings per share rose to $2.83 from $1.80 a year ago. 
  
  Revenue in the full-year 2022 decreased 7% to $8.7 billion from $9.3 billion and net income declined 44% to $230 million from $408.8 million and diluted earnings per share fell to $3.49 from $6.0 in the previous year. 
  
  During the fourth quarter the company repurchased 275,029 shares of its common stock for $51 millio More
  
  Mar 2, 2023
• Burlington Stores said revenue in the fourth quarter increased 5% to $2.7 billion and comparable sales decreased 2%. Net income increased to $185 million from $122 million and diluted earnings per share rose to $2.83 from $1.80 a year ago. 
  
  Revenue in the full-year 2022 decreased 7% to $8.7 billion from $9.3 billion and net income declined 44% to $230 million from $408.8 million and diluted earnings per share fell to $3.49 from $6.0 in the previous year. 
  
  During the fourth quarter the company repurchased 275,029 shares of its common stock for $51 million and had $347 million remaining on its share repurchase program at the end of the period. 
  
  The discount retailer guided total sales in the 53-week fiscal year to increase in the range of 12% to 14% including approximately 2% from the 53rd week, reversing a 7% decrease in the previous year. The retailer forecasted comparable store sales to increase in the range of 3% to 5%, on top of the 13% decrease in the previous year.  Less
  
  Mar 2, 2023

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