Burlington stores news and archive

Burlington Stores' Q3 sales improve 30 percent

For its third quarter, Burlington Stores, Inc. reported a total sales increase of 30 percent compared to the third quarter of fiscal 2019 to 2,300 million dollars, while comparable store sales increased 16 percent. Commenting on the third quarter results, Michael O’Sullivan, the company’s CEO, stated: With Total Sales up 30 percent in Q3, and up...

Nov 23, 2021

Fashion

Burlington Stores publishes corporate social responsibility report

US retailer Burlington Stores has published its third annual corporate social responsibility report, revealing the progress it’s made across its Environmental, Social and Governance (ESG) initiatives. The off-price retailer said Monday it managed to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions per operating square foot and per dollar...

Aug 26, 2021

ManagementFeatured

Burlington Stores Q2 comparable sales increase 19 percent

Burlington Stores, Inc. reported total sales increase of 34 percent compared to the second quarter of fiscal 2019 to 2,213 million dollars, while comparable store sales increased 19 percent. “The environment remains uncertain, and the trend is difficult to predict. We are seeing a huge imbalance between supply and demand in global logistics...

Aug 26, 2021

Report

Burlington Stores reports net loss of 334 million dollars

Burlington Stores, Inc., for the first quarter ended May 2, 2020 reported total sales decrease of 51 percent to 798 million dollars. The company’s gross margin rate was 2 percent vs. last year’s rate of 41 percent, driven primarily by a 272 million dollars inventory charge against aged inventory due to extended store closures. Net loss was 334...

May 29, 2020

Management

Burlington Stores reports increase in Q3 sales and profit

Burlington Stores, Inc., for the third quarter ended November 2, 2019 reported total sales increase of 8.6 percent to 1,775 million dollars, while comparable store sales increased 2.7 percent. Net income for the quarter increased 26 percent to 96 million dollars or 1.44 dollars per share vs. 1.12 dollars last year, and adjusted net income...

Nov 27, 2019

ManagementFeatured

Burlington Stores says Q4 same-store sales below estimates

For its fourth quarter ended February 2, 2019, Burlington Stores, Inc. reported total sales increase of 2.8 percent to 1,991 million dollars. Excluding the 53rd week last year, the company said, total sales increased 7.4 percent with new and non-comparable stores contributing an incremental 173 million dollars in sales during the quarter....

Mar 8, 2019

Management

Burlington Stores raises full year outlook on strong Q3

For its third quarter to November 3, 2018, Burlington Stores, Inc. reported total sales increase of 13.7 percent to 1,634 million dollars. The company said, new and non-comparable stores contributed an incremental 128 million dollars in sales during the quarter, while comparable store sales increased 4.4 percent, on top of last year’s 3.1...

Nov 28, 2018

Management |INTERACTIVE Featured

Burlington posts Q2 sales rise of 9.9 percent

Burlington Stores, Inc. has reported total sales for the 13 week period ended August 4, 2018 increased 9.9 percent to 1,499 million dollars. Comparable store sales increased 2.9 percent, on top of last year’s 3.5 percent comparable store sales increase. For the six months period total sales increased 11.3 percent, which included a comparable...

Aug 30, 2018

Report

Laura Sen joins Burlington Stores' board of directors

Burlington Stores, Inc. has appointed Laura J. Sen, former non-executive chairman and chief executive officer of BJ’s Wholesale Club, Inc., to its board of directors and its audit committee effective June 29, 2018. The company said that Sen is filling the board seat formerly held by Tricia Patrick, currently a managing director of Advent...

Jul 2, 2018

Management

Burlington Stores posts 58 percent rise in Q1 net income

Burlington Stores, Inc. announcing its first quarter results for the thirteen weeks ended May 5, 2018, said that total sales increased 12.8 percent to 1,518 million dollars. New and non-comparable stores contributed an incremental 82 million dollars in sales during the quarter. Accounting for the calendar shift from the 53rdweek in fiscal 2017,...

May 31, 2018

ManagementFeatured

Burlington Stores annual net income increases 78 percent

Burlington Stores, Inc. posted total sales on a 14 week basis increased 14.9 percent over the prior year period to 1,937 million dollars, while sales increased 10 percent on a 13 week basis to 1,855 million dollars. On a 53 week GAAP basis, total sales increased 9.3 percent to 6,085 million dollars, net income increased 78 percent to 385 million...

Mar 8, 2018

ManagementFeatured

Burlington Stores posts 38 percent rise in Q3 earnings

Net sales increased 7.1 percent to 1,438 million dollars at Burlington Stores for the third quarter ended October 28, 2017. The company said, this growth was driven by an incremental 60 million dollars from new and non-comparable stores, as well as a 3.1 percent increase in comparable store sales. Net income increased 38 percent to 45 million...

Nov 21, 2017