Burlington's Stock Falls As Warm Weather Hurts Its Coat Sales -- MarketWatch

Dow Jones

2024-11-26

Burlington Stores Inc.'s stock $(BURL)$ was down 4.8% in premarket trading on Tuesday after the clothing retailer said warm weather hurt its coat sales and it said it will fall short Wall Street analyst estimates for the coming quarter. Burlington Stores said its third-quarter net income rose to $90.6 million, or $1.40 a share, from $48.6 million, or 75 cents a share, in the year-ago quarter. Adjusted third-quarter earnings of $1.55 a share matched the FactSet consensus estimate. Revenue for the three months ended Nov. 2 rose to $2.53 billion from $2.29 billion but fell slightly short of the analyst estimate of $2.55 billion. For the fourth quarter, Burlington Stores said it expects to generate adjusted earnings of $3.55 a share to $3.75 a share, below the analyst estimate of $3.78 a share.

-Steve Gelsi

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November 26, 2024 06:57 ET (11:57 GMT)

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Burlington Stores said its third-quarter net income rose to $90.6 million, or $1.40 a share, from $48.6 million, or 75 cents a share, in the year-ago quarter. Adjusted third-quarter earnings of $1.55 a share matched the FactSet consensus estimate. Revenue for the three months ended Nov. 2 rose to $2.53 billion from $2.29 billion but fell slightly short of the analyst estimate of $2.55 billion.  For the fourth quarter, Burlington Stores said it expects to generate adjusted earnings of $3.55 a share to $3.75 a share, below the analyst estimate of $3.78 a share. \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 06:57 ET (11:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BURL","symbol_name":"伯灵顿百货","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486076758","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486076758","pubTimestamp":1732622220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Burlington Stores Inc.'s stock  was down 4.8% in premarket trading on Tuesday after the clothing retailer said warm weather hurt its coat sales and it said it will fall short Wall Street analyst estimates for the coming quarter.  Burlington Stores said its third-quarter net income rose to $90.6 million, or $1.40 a share, from $48.6 million, or 75 cents a share, in the year-ago quarter. Adjusted third-quarter earnings of $1.55 a share matched the FactSet consensus estimate. Revenue for the three months ended Nov. 2 rose to $2.53 billion from $2.29 billion but fell slightly short of the analyst estimate of $2.55 billion.  For the fourth quarter, Burlington Stores said it expects to generate adjusted earnings of $3.55 a share to $3.75 a share, below the analyst estimate of $3.78 a share.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BURL":"伯灵顿百货"},"translate_title":"由于温暖天气损害其外套销售，伯灵顿股价下跌——MarketWatch","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BURL":1},"content_text":"Burlington Stores Inc.'s stock $(BURL)$ was down 4.8% in premarket trading on Tuesday after the clothing retailer said warm weather hurt its coat sales and it said it will fall short Wall Street analyst estimates for the coming quarter.  Burlington Stores said its third-quarter net income rose to $90.6 million, or $1.40 a share, from $48.6 million, or 75 cents a share, in the year-ago quarter. Adjusted third-quarter earnings of $1.55 a share matched the FactSet consensus estimate. Revenue for the three months ended Nov. 2 rose to $2.53 billion from $2.29 billion but fell slightly short of the analyst estimate of $2.55 billion.  For the fourth quarter, Burlington Stores said it expects to generate adjusted earnings of $3.55 a share to $3.75 a share, below the analyst estimate of $3.78 a share. \n\n\n     -Steve Gelsi \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2024 06:57 ET (11:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}