Thursday, March 5, 2020

Burlington Stores beats estimates but gives cautious guidance

Chain Store Age
Burlington Stores reported fourth-quarter sales and earnings that beat Street estimates amid ongoing momentum in the off-price sector.

The retailer reported net income of $206 million in the quarter ended Feb.1, up from $184.4 million in the year-ago period.

Sales rose 10.5% to $2.201 billion, in line with estimates. Same-store sales rose 3.9%.. . . more