Stock Movers: Burlington Stores, Marvell Technology, Victoria's Secret

Scott Peters
01 Sep, 2025
New York City

Burlington Stores Inc. traded flat at $290.68 after the off-price department store retailer reported a 28% increase in net income in the fiscal second quarter ending on August 2.

Consolidated revenue increased to $2.7 billion from $2.46 billion, net income jumped to $94.2 million from $73.8 million, and diluted earnings per share rose to $1.47 from $1.15 a year ago.

During the fiscal second quarter, Burlington returned a total of $26 million to shareholders through the repurchase of 102,474 shares of its common stock. 

As of the end of the fiscal second quarter, the company had $632 million remaining under its share repurchase program authorizations.

The company guided third-quarter net sales to increase between 5% and 7%, comparable store sales to rise between zero and 2%, an effective tax rate expected to be 25%, and adjusted diluted earnings per share between $1.50 and $1.60.

The company guided full-year net sales to increase between 7% and 8%, comparable store sales to rise between 1% and 2%, an effective tax rate expected to be 25%, and adjusted diluted earnings per share between $9.19 and $9.59.

“Comparable store sales increased 5%, which was on top of 5% comparable store sales growth in the second quarter of last year," said CEO Michael O’Sullivan.

O'Sullivan added adjusted EBIT margin increased 120 basis points, while adjusted EPS grew 39% versus the second quarter of last year, driven by "higher merchandise margin, lower freight expense, and leverage on SG&A expenses.”

Marvell Technology Inc. gained 0.2% to $63 after the semiconductor provider's net income swung to a profit from a year ago in the fiscal second quarter ending on August 2.

Consolidated revenue advanced 58% to $2 billion from $1.27 billion, net income swung to a profit of $194.8 million from a loss of $193.3 million, and diluted earnings per share rose to an income of 22 cents from a loss of 22 cents a year ago.

Marvell guided third-quarter revenue to be $2.06 billion and diluted earnings per share to be $2.03 with a band of 5 cents, with adjusted diluted earnings per share between 74 cents with a band of 5 cents.

"Marvell's growth is being fueled by strong AI demand for our custom silicon and electro-optics products, as well as a significant increase in the pace of recovery in our enterprise networking and carrier infrastructure end markets. 

Our custom AI design activity is at an all-time high, with the Marvell team now engaged in over 50 new opportunities across more than 10 customers," said Matt Murphy, Marvell's Chairman and CEO.

Victoria's Secret & Co. fell 0.4% to $22.94 after the women's innerwear retailer reported a 49% decrease in profit in the fiscal second quarter ending on August 2.

Consolidated revenue edged higher to $1.46 billion from $1.42 billion, net income declined to $16.22 million from $31.80 million, and diluted earnings per share dropped to 20 cents from 40 cents a year ago.

The company guided third-quarter revenue to be between $1.39 billion and $1.42 billion, adjusted operating loss between $35 million and $55 million, and adjusted net loss earnings per share between 55 cents and 75 cents.

The specialty retailer guided full-year revenue to be between $6.33 billion and $6.41 billion, adjusted operating income between $270 million and $320 million. 

The company estimated a net tariff impact of approximately $100 million on its annual earnings.