Burlington Stores' Sturdy Comps, Better Pricing To Fuel Sales
Zacks Investment Research | Sep 12, 2019 09:38PM ET
In an era of ever-evolving retail landscape, Burlington Stores, Inc. (NYSE:BURL) has made multiple changes to its business model to adapt and stay relevant. The company has steadily increased vendor counts, made technological advancements, initiated better marketing approach and focused on localized assortments. All these endeavors have helped this NJ-based company to post decent comparable sales, and in turn fuel top-line performance.
We note that comparable store sales rose 3.8% during second-quarter fiscal 2019 compared with increase of 2.9% in the year-ago period and 0.1% in the preceding quarter. This was the 26th successive quarter of comparable store sales growth. Burlington Stores had projected comparable store sales growth of 1-2% for the quarter under review. Management now expects comparable store sales to improve 2-3% in the third quarter and 2-2.5% during fiscal 2019.
Burlington Stores, Inc. Price, Consensus and EPS Surprise
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