Burlington Stores news and archive

Burlington Stores misses Q1 expectations despite doubling profit

US retailer Burlington Stores missed its own expectations in the first quarter of the year despite doubling net profit and reporting an 11 percent increase in sales. Net sales at the off-price chain increased to 2.13 billion dollars in the three months to April 29 - but the company had expected growth of between 12 percent and 14 percent. On a...

People

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...

Business

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,...

Business

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...