Markets

Burlington Stores Fiscal Q3 Adjusted Earnings Climb as Revenue Rises

7:12AM ET 11/23/2021 MT Newswires
Burlington Stores (BURL) reported fiscal Q3 adjusted earnings of $1.36 per diluted share, up from $0.29 a year earlier.

Analysts surveyed by Capital IQ called for adjusted EPS of $1.27.

Revenue for the 13-week period ended Oct. 30 was $2.3 billion, up from $1.67 billion a year earlier. The analyst consensus estimate was $2.25 billion.

The discount retailer said it is not issuing sales or EPS guidance for fiscal 2021 ending Jan. 29, given the uncertainty surrounding the pace of recovery of demand and the COVID-19 pandemic.

The company also said it expects to open 101 new stores, while relocating or closing 24 stores in fiscal 2021.

Shares inched 0.2% higher in recent premarket activity on Tuesday.

Price: 263.51, Change: +0.51, Percent Change: +0.19