Friday, May 31, 2019

Burlington Stores edges past estimates, will open 50 net new stores

Chain Store Age
Burlington Stores Inc. had a positive first quarter that saw it meet internal guidance and exceed analyst predictions.

The off-price retailer reported net sales of $1.63 billion, up 7% from $1.52 billion the first quarter of fiscal 2018.  Same-store sales rose 0.1%.

Burlington Stores also announced it will open a net of 50 new stores during the fiscal year.. . . more