Read more
5:45 PM · 3 March 2022

Burlington Stores stock tumbles after weak quarterly results

Burlington
Stocks
BURL.US, Burlington Stores Inc
-
-

Burlington Stores (BURL.US) stock plunges over 10% during today's session after the department store company posted disappointing quarterly figures. 

  • Burlington earned $2.53 per share on revenue of $2.60 billion, while analysts expected earnings of $3.25 per share on $2.78 billion in sales.
  • For the year, the company reported net income of $408.8 million, or $6 per share, swinging to a profit in the period. Revenue was reported as $9.32 billion.
  • Burlington said it experienced lower traffic to stores due to several external factors, partially driven by the late delivery of some critical receipts in December.
  • Company plans to open 120 new stores and relocate or shut down 30 stores. Financial outlook for the current year was not provided due to the uncertainty surrounding the pace of the recovery of consumer demand and the ongoing COVID-19 pandemic.

Burlington Stores (BURL.US) stock launched today's session with a bearish price gaps, however sellers managed to halt declines around major support zone at $201.80 which is marked with lower limit of the 1:1 structure, previous price reactions and 61.8% Fibonacci retracement of the upward wave launched in March 2020. Source: xStation5

7 November 2025, 3:22 PM

US OPEN: Market extends decline at the end of the week

7 November 2025, 1:17 PM

Constellation Energy: Mixed Results for Q3 2025

7 November 2025, 11:43 AM

More Expensive Chips, More Expensive Devices – TSMC is Changing the Rules!

7 November 2025, 10:44 AM

Hensoldt Rises Thanks to Record Backlog and Growth Plans!

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits