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Burlington Stores Inc (BURL.N)

BURL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Burlington Stores, Inc. Announces Leadership Succession Plan
Wednesday, 24 Apr 2019 

April 23 (Reuters) - Burlington Stores Inc ::BURLINGTON STORES, INC. ANNOUNCES LEADERSHIP SUCCESSION PLAN.THOMAS KINGSBURY, CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, WILL STEP DOWN AS CEO.UPDATED FISCAL Q1 2019 OUTLOOK.MICHAEL O'SULLIVAN, FORMERLY PRESIDENT AND CHIEF OPERATING OFFICER OF ROSS STORES, INC., WILL JOIN COMPANY ON OR ABOUT AS CEO.JENNIFER VECCHIO HAS BEEN APPOINTED TO NEWLY CREATED ROLE OF PRESIDENT, CHIEF MERCHANDISING OFFICER, EFFECTIVE IMMEDIATELY.EXPECTS ADJUSTED EARNINGS PER SHARE FOR 13 WEEKS ENDING MAY 4, 2019, TO BE IN RANGE OF $1.21 TO $1.25.NOW EXPECTS ADJUSTED EARNINGS PER SHARE FOR 13 WEEKS ENDING MAY 4, 2019, TO BE IN RANGE OF $1.21 TO $1.25.NOW EXPECTS ADJUSTED EARNINGS PER SHARE FOR 13 WEEKS ENDING MAY 4, 2019, TO BE IN RANGE OF $1.21 TO $1.25.COMPARABLE STORE SALES ARE NOW EXPECTED TO INCREASE IN RANGE OF 0% TO 0.5% FOR 13 WEEKS ENDING MAY 4, 2019.Q1 EARNINGS PER SHARE VIEW $1.29 -- REFINITIV IBES DATA.KINGSBURY WILL CONTINUE TO SUPPORT COMPANY AS EXECUTIVE CHAIRMAN OF BOARD OF DIRECTORS DURING A TRANSITION PERIOD.O'SULLIVAN WILL ALSO BE APPOINTED TO COMPANY'S BOARD.  Full Article

Burlington Stores reports Q3 adjusted earnings per share of $1.21
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Burlington Stores Inc ::BURLINGTON STORES, INC. REPORTS THIRD QUARTER 2018 RESULTS ABOVE GUIDANCE AND INCREASES FULL YEAR 2018 SALES AND ADJUSTED EPS OUTLOOK.Q3 ADJUSTED EARNINGS PER SHARE $1.21.Q3 SALES $1.634 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.6 BILLION.Q3 SAME STORE SALES ROSE 4.4 PERCENT.Q3 EARNINGS PER SHARE ESTIMATE $1.06 -- REFINITIV IBES DATA.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.33 TO $6.37.Q3 EARNINGS PER SHARE $1.12.SEES Q4 2018 SALES UP 8 TO 9 PERCENT.FY EARNINGS PER SHARE VIEW $6.23 -- REFINITIV IBES DATA.QUARTER END MERCHANDISE INVENTORIES WERE $1,057 MILLION VERSUS. $904 MILLION LAST YEAR.SEES 2018 NET CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION.SEES 2018 TOTAL SALES TO INCREASE IN RANGE OF 10.9% TO 11.2%.SEES COMPARABLE STORE SALES TO INCREASE IN RANGE OF 2% TO 3% FOR Q4 OF FISCAL 2018.SEES 2018 NET CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION.Q3 COMPARABLE SALES INCREASE 4.4%.  Full Article

Burlington Stores Inc. Q2 Adjusted Earnings Per Share $1.09
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Burlington Stores Inc ::BURLINGTON STORES, INC. REPORTS SECOND QUARTER 2018 ADJUSTED EPS RESULTS ABOVE GUIDANCE AND INCREASES FULL YEAR 2018 SALES AND ADJUSTED EPS OUTLOOK.Q2 ADJUSTED EARNINGS PER SHARE $1.09 EXCLUDING ITEMS.Q2 SALES $1.499 BILLION VERSUS I/B/E/S VIEW $1.5 BILLION.Q2 SAME STORE SALES ROSE 2.9 PERCENT.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $1.00 TO $1.04.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.13 TO $6.20.Q2 EARNINGS PER SHARE $1.03.SEES Q3 2018 SALES UP 11 TO 12 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.96 -- THOMSON REUTERS I/B/E/S.SEES 2018 TOTAL SALES TO INCREASE IN RANGE OF 10.1% TO 10.6%, EXCLUDING 53RD WEEK IMPACT IN 2017.SEES COMPARABLE STORE SALES TO INCREASE IN RANGE OF 2% TO 3% FOR BALANCE OF FISCAL 2018.TO OPEN 43 NET NEW STORES IN FISCAL 2018.QTRLY COMPARABLE STORE SALES INCREASED 2.9% ON A SHIFTED BASIS.INCREASING OUTLOOK FOR FY18 ADJUSTED EPS TO $6.13 - $6.20, UP FROM $5.90-$6.00.FY EARNINGS PER SHARE VIEW $6.04, REVENUE VIEW $6.63 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Burlington Stores Q3 adjusted earnings per share $0.70
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Burlington Stores Inc :Burlington Stores Inc reports third quarter 2017 results above guidance and increases full year 2017 outlook.Sees Q4 2017 adjusted earnings per share $2.02 to $2.06.Sees FY 2017 adjusted earnings per share $4.23 to $4.27.Q3 adjusted earnings per share $0.70.Q3 earnings per share $0.65.Sees FY 2017 sales up 8.1 to 8.4 percent.Sees Q4 2017 sales up 11 to 12 percent.Q3 sales $1.438 billion versus I/B/E/S view $1.44 billion.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q4 earnings per share view $2.09, revenue view $1.90 billion -- Thomson Reuters I/B/E/S.Burlington Stores Inc- ‍on a non-GAAP basis, comparable store sales increased 3.1% in quarter​.Burlington Stores Inc - ‍expects to open 37 net new stores, and invest net capital expenditures of approximately $215 million​ in fiscal 2017.Burlington Stores Inc sees ‍comparable store sales to increase in range of 2% to 3% for q4​.  Full Article

Burlington Stores sees Q3 2018 adjusted earnings per share $0.64 to $0.66
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Burlington Stores Inc :Burlington Stores Inc announces launch of debt repricing and extension transaction and updates guidance for the third quarter ended October 28, 2017.Sees Q3 2018 adjusted earnings per share $0.64 to $0.66.Burlington Stores Inc - for 13 weeks ended October 28, 2017 company now expects total sales to increase approximately 7.1 pct​.Burlington Stores Inc - ‍for 13 weeks ended October 28, 2017 company now expects comparable store sales to increase approximately 3.1 pct​.Burlington Stores Inc - ‍for 13 weeks ended October 28, 2017 company now expects adjusted EPS in range of $0.64 to $0.66​.Burlington Stores Inc - ‍launch of a debt repricing and extension transaction​.Burlington Stores Inc - ‍is seeking commitments from lenders under a new senior secured credit facility for an aggregate principal amount of $1,117 million​.Burlington Stores Inc - co ‍expects new senior credit facility to comprise a single tranche of loans maturing in 2024​.Burlington Stores Inc - ‍net proceeds of new senior credit facility will be used to repay all indebtedness outstanding under existing term loan b facility​.  Full Article