Burlington Stores news and archive

Burlington's off-price model fuels sales growth

Burlington Stores reported a 5 percent increase in fourth-quarter sales to 3.3 billion dollars, driven by a 6 percent rise in comparable store sales, reflecting strong demand for its off-price model. The company’s net income grew to 267 million dollars or 4.13 dollars per share, while EBITDA increased to 456 million dollars and EBIT to 364...

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Burlington Stores names Shira Goodman to the board of directors

Burlington Stores, the American off-price retailer of high-quality, branded apparel, footwear, accessories, and homeware, named Shira Goodman to its board of directors. Goodman, the former chief executive officer of Staples, Inc., will join the board and its audit committee from January 1, 2025. Prior to Staples, Goodman worked at Bain & Company...

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Burlington Stores records 11 percent sales increase in Q1

Burlington Stores sales increased 11 percent to 2,357 million dollars, while comparable store sales increased 2 percent. Gross margin rate as a percentage of net sales was 43.5 percent for the first quarter, an increase of 120 basis points. Net income rose to 79 million dollars or 1.22 dollars per share, while adjusted net income increased to 91...

Retail

High levels of lead found in accessories sold at off-price retailers

A new report has found high levels of lead in leather and faux leather fashion accessories, including handbags, wallets, shoes, and belts sold at off-price retailers Ross and Burlington. The report, published by nonprofit watchdog the Center for Environmental Health (CEH), traces 13 years of systemic toxic levels found in products sold at Ross...

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Burlington Stores misses Q1 expectations despite doubling profit

US retailer Burlington Stores missed its own expectations in the first quarter of the year despite doubling net profit and reporting an 11 percent increase in sales. Net sales at the off-price chain increased to 2.13 billion dollars in the three months to April 29 - but the company had expected growth of between 12 percent and 14 percent. On a...

Fashion

Burlington Stores publishes corporate social responsibility report

US retailer Burlington Stores has published its third annual corporate social responsibility report, revealing the progress it’s made across its Environmental, Social and Governance (ESG) initiatives. The off-price retailer said Monday it managed to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions per operating square foot and per dollar...

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The market expects Burlington Stores to post 2.08 billion dollars in sales for the current quarter

Analysts expect Burlington Stores, Inc. (NYSE:BURL) to post 2.08 billion dollars in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Burlington Stores’ earnings. The highest sales estimate is $2.12 billion and the lowest is 2.03 billion dollars. The forecast reflects a down trend for the...

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Burlington posts Q2 sales rise of 9.9 percent

Burlington Stores, Inc. has reported total sales for the 13 week period ended August 4, 2018 increased 9.9 percent to 1,499 million dollars. Comparable store sales increased 2.9 percent, on top of last year’s 3.5 percent comparable store sales increase. For the six months period total sales increased 11.3 percent, which included a comparable...

People

Laura Sen joins Burlington Stores' board of directors

Burlington Stores, Inc. has appointed Laura J. Sen, former non-executive chairman and chief executive officer of BJ’s Wholesale Club, Inc., to its board of directors and its audit committee effective June 29, 2018. The company said that Sen is filling the board seat formerly held by Tricia Patrick, currently a managing director of Advent...

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Burlington Stores posts 58 percent rise in Q1 net income

Burlington Stores, Inc. announcing its first quarter results for the thirteen weeks ended May 5, 2018, said that total sales increased 12.8 percent to 1,518 million dollars. New and non-comparable stores contributed an incremental 82 million dollars in sales during the quarter. Accounting for the calendar shift from the 53rdweek in fiscal 2017,...

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Burlington Stores annual net income increases 78 percent

Burlington Stores, Inc. posted total sales on a 14 week basis increased 14.9 percent over the prior year period to 1,937 million dollars, while sales increased 10 percent on a 13 week basis to 1,855 million dollars. On a 53 week GAAP basis, total sales increased 9.3 percent to 6,085 million dollars, net income increased 78 percent to 385 million...

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Burlington Stores posts 38 percent rise in Q3 earnings

Net sales increased 7.1 percent to 1,438 million dollars at Burlington Stores for the third quarter ended October 28, 2017. The company said, this growth was driven by an incremental 60 million dollars from new and non-comparable stores, as well as a 3.1 percent increase in comparable store sales. Net income increased 38 percent to 45 million...