0859 ET - Burlington Stores provided 2025 guidance that was below analyst forecasts, though CEO Michael O'Sullivan said the outlook for the new year is "very uncertain" and that the department store chain's off-price model is well suited to just such an environment. "We will manage our business cautiously and flexibly and be ready to react to whatever happens externally," he says in the earnings release for 4Q, during which Burlington grew comparable sales by 6%, topping analyst forecasts. Off-price retailers tend to fare well when discretionary spending pulls back. Burlington surges 13% premarket. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 08:59 ET (13:59 GMT)
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