1407 ET - Burlington Stores' 2.0 initiatives are starting to deliver meaningful financial benefits, with its 4Q results expected to be strong, UBS analysts say in a research note. The off-price retailer's price-to-earnings ratio could rebound if the company provides a first-quarter and FY25 guidance within analysts expectations, the analysts say. "We believe once Burlington gives its 1Q25 guide, it will no longer be an overhang on the stock and thus investors will refocus on the FY25 and long-term outlooks, which we believe remain strong," the analysts say. Still, they believe sentiment is mixed and, therefore, there's room to improve. Shares fall 3.3% to $241. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 03, 2025 14:07 ET (19:07 GMT)
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