Published on 30 May 2024 on Zacks via Yahoo Finance
Burlington Stores (BURL) Q1 Earnings & Revenues Beat Estimates
Burlington Stores, Inc. BURL has reported impressive first-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both top and bottom lines grew year over year.
Insight Into the Headlines
Burlington Stores has reported adjusted earnings of $1.42 per share, surpassing the Zacks Consensus Estimate of earnings of $1.04. The bottom line rose 69% from 84 cents in the year-ago quarter.Total revenues of $2,361.6 million beat the Zacks Consensus Estimate of $2,343 million and increased 10.5% from the prior-year quarter. The company’s comparable store sales jumped 2% from the year-ago period.