16:40 · 27 August 2020

Burlington Stores stock rose 3% despite mixed quarterly results

Burlington
Shares
BURL.US, Burlington Stores Inc
-
-
Burlington Stores (BURL.US)  a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the second quarter ended August 1, 2020.Company reported quarterly loss of 56 cents per share, while analysts' expected a loss of $1.04 per share. Revenue came in slightly below estimates. Total sales decreased 39% to $1,010 million. Sales in re-opened stores dropped 14%  from a year earlier.
Company's CEO Michael O’Sullivan stated “We expect our trend to strengthen as we continue to replenish our store inventory levels but we see a lot of risk in Q3. In this uncertain environment, we plan to manage our business conservatively. We have plenty of liquidity and we will use this to support opportunistic buys of fall merchandise and of pack and hold inventory that we will flow to stores next year.”
Burlington Stores (BURL.US) stock price is currently testing the local resistance at $203.00 per share which is additionally strengthened by 200 MA (red line). Should buyers manage to break above it, an upward move towards resistance at $224.61per share may be on the cards. However, should  sellers regain control, the nearest support  lies at the upward trendline. Source: xStation5
20 October 2025, 17:46

Tech review: earnings take centre stage as Apple reaches record high

20 October 2025, 14:44

IBM and Groq join forces to revolutionize AI processing

20 October 2025, 14:41

US Defense Industry Preview - Has it reached its peak?

20 October 2025, 12:16

Waymo: Race against the regulators

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world