Burlington Sales Impacted by ‘Significantly' Warmer Fall Temperatures
BURLBurlington Stores(BURL) PYMNTS.com·2024-11-27 03:10

A warmer-than-normal autumn wasn’t enough to stall sales growth for Burlington Stores.The off-price clothing retailer posted earnings Tuesday (Nov. 26) showing total sales up 11% for the third quarter (Q3), following 12% sales growth last year.Comparable sales — up 1% — were affected by “significantly warmer temperatures than last year,” CEO Michael O’Sullivan said during an earnings call.“At Burlington, we are particularly sensitive to warmer weather in Q3,” he told analysts. “Many shoppers still think of ...