Burlington Stores, Inc. Provides Earnings Guidance for the 13 Weeks Ending August 3, 2024 and 52-Weeks Ending February 1, 2025
May 30, 2024 at 04:15 pm IST
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Burlington Stores, Inc. provided earnings guidance for the 13 weeks ending August 3, 2024 and 52-weeks ending February 1, 2025. For the 13 weeks, the company expects total sales to increase in the range of 9% to 11%; this assumes comparable store sales will increase in the range of 0% to 2% versus the second quarter of Fiscal 2023.
For the 52-weeks, the company expects total sales to increase in the range of 8% to 10% on top of the 10% increase for the 52-weeks ended January 27, 2024; this assumes comparable store sales will increase in the range of 0% to 2%, on top of the 4% increase for the 52-weeks ended January 27, 2024.
Burlington Stores, Inc. is an off-price retailer of branded apparel, footwear, accessories, and merchandise for the home at everyday low prices. The Companyâs stores offer an extensive selection of in-season, fashion-focused merchandise, including womenâs ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. It has five distribution centers. Its two east coast distribution centers are located in Edgewater Park, New Jersey and Burlington, New Jersey. Its three west coast distribution centers are located in San Bernardino, California, Redlands, California, and Riverside, California. These five distribution centers occupy an aggregate of about 4,106,000 square feet, and each includes processing, shipping, and storage capabilities. In addition to the distribution centers, it has arrangements with third parties for the use of pool point facilities. It operates about 1007 stores, principally under the name Burlington Stores.
BURLINGTON STORES, INC. 
