Burlington Stores, Inc. Provides Earnings Guidance for the First Quarter Ending May 4, 2024 and Full Year Ending February 1, 2025
March 07, 2024 at 05:15 pm IST
Share
Burlington Stores, Inc. provided earnings guidance for the first quarter ending May 4, 2024 and full year ending February 1, 2025. For the quarter, the company expects comparable store sales to increase 0% to 2%, on top of the 4% increase during the first quarter of fiscal 2023.
For the full year, the company expects total sales to increase in the range of 9% to 11% 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. 
