Burlington Stores Q3 Earnings Beat Estimates, Gross Margin Rises Y/Y
BURLBurlington Stores(BURL) ZACKS·2024-11-27 03:50

Burlington Stores, Inc. (BURL) has reported third-quarter fiscal 2024 results, wherein sales lagged the Zacks Consensus Estimate and earnings beat the same. Also, top and bottom lines grew year over year. The company saw strong early third-quarter performance, but warmer weather in mid-September slowed sales momentum, particularly in cold-weather categories. Excluding these, comparable sales showed consistent growth with recent trends. Effective inventory and liquidity management drove improved margins and ...