Burlington Stores, Inc. (BURL)
BURL Price and Sentiment
BURL Latest news
If history is any guide, there may be trouble ahead for shares of Burlington Stores(NYSE:BURL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Loop Capital director of research Laura Champine joins The Exchange with her outlook on certain off-price retailers like TJX and Burlington. She explains that understaffing and understocking could pose a risk to these retailers this holiday season.
Benzinga's weekly Stock Wars matches up two leaders in a major industry sector, with the goal of determining which company is the better investment. This week, the duel is between two department store chains: Burlington Stores Inc (NYSE: BURL) and The TJX Companies Inc (NYSE: TJX).
The off-price retailer is in the midst of opening 60 new stores in the span of two months, but Burlington stock has fallen about 15% since mid-August.
Burlington Stores released its Q2 results last month, reporting revenue of ~$2.2 billion, up 34% on a two-year basis. These strong results were helped by an increased store count and a 19% increase in comparable sales, with Burlington now guiding for high single-digit FY2021 comp sales vs. 2019.
The Dow Jones dipped about 40 points, and the S&P 500 was flat. Meanwhile, the Nasdaq continued mild gains.
The off-price retailer posted excellent second-quarter results but expects to experience significant margin pressure over the next few quarters.
Burlington Stores (BURL) posts better-than-expected earnings for second-quarter fiscal 2021, driven by the solid execution of its Burlington 2.0 initiative.
Burlington Stores, Inc. (BURL) CEO Michael O'Sullivan on Q2 2021 Results - Earnings Call Transcript
Financial results from the retailers impressed investors, but there was something else from Burlington Stores that spooked them.