Burlington Stores, Inc (BURL) - NYSE
  • Mon, Jul. 18, 10:03 AM
    • Burlington Stores (BURL +5.1%) announced the launch of a debt repricing transaction and updates Q2 guidance.
    • Debt repricing: The company says it's seeking commitments from lenders under a new senior secured credit facility for an aggregate principal amount of $1.117B and expects the new senior secured credit facility to comprise a single tranche of term loans maturing in 2021. The net proceeds of the new senior secured credit facility will be used to repay all indebtedness outstanding under the existing term loan B facility (4.25%), and to pay related fees and expenses. The company is seeking pricing of 2.75% to 3.0% plus a 0.75% LIBOR floor versus the current 3.25% plus a 1% LIBOR floor.
    • Updated guidance: Comparable store sales for FQ2 are expected to increase between 4.2% and 4.5%. Burlington also sees adjusted EBITDA in the range of $88M to $90M. Adjusted net income per share of $0.28 to $0.30 is anticiapted.
    • Source: Press Release
    | Mon, Jul. 18, 10:03 AM
  • Thu, May 26, 2:30 PM
    • Discounters are rallying in full force after Dollar General (DG +4.6%) and Dollar Tree (DLTR +12.5%) both posted Q1 profit ahead of expectations.
    • Steady consumer demand, tight expense control, and an easing of promotional pressure underpinned both reports.
    • Retail Dive may have arrived at the heart of the matter, by noting that dollar stores attract different shoppers than the retailers which have been ravaged by Amazon's growth.
    • "We are part of what I consider, in this economic environment, the most attractive sector in retail," said Dollar Tree CEO Bob Sasser.
    • Investors seem to agree. Ollie's Bargain Outlet Holdings (OLLI +7.6%), Burlington Stores (BURL +7.8%), Big Lots (BIG +2.7%), Five Below (FIVE +2.9%), Ross Stores (ROST +0.9%), TJX Companies (TJX +1%), Tuesday Morning (TUES +1.9%), and Fred's (FRED +6.2%) are all pushing higher.
    | Thu, May 26, 2:30 PM | 3 Comments
  • Thu, May 26, 9:18 AM
    | Thu, May 26, 9:18 AM | 1 Comment
  • Thu, May 26, 7:08 AM
    • Burlington Stores (NYSE:BURL) reports comparable-store sales rose 4.3% in Q1.
    • Gross margin rate grew 35 bps to 40.1%.
    • SG&A expense rate improved 60 bps to 26.7%.
    • Adjusted EBITDA expanded 19.3% to $121M.
    • Merchandise Inventories -2.1% Y/Y to $804.7M.
    • Q2 Guidance: Net sales: +6.3% to +7.3%; Comparable-store sales: +2.5% to +3.5%; Adjusted diluted EPS: $0.20 to $0.23; Fully diluted share count: ~72.3M.
    • FY2016 Guidance: Net sales: +7.1% to +7.6%; Comparable-store sales: +3% to +3.5%; Adjusted EBITDA margin: +30 bps to +40 bps; Interest expense: ~$62M; Tax rate: ~37.8%; Adjusted diluted EPS: $2.68 to $2.78; Fully diluted share count: ~72.4M; Net new stores: 25.
    | Thu, May 26, 7:08 AM
  • Thu, Mar. 3, 7:21 AM
    • Burlington Stores (NYSE:BURL) reports comparable-store sales rose 0.1% in Q4.
    • Gross margin rate declined 120 bps to 41%.
    • SG&A expense rate improved 100 bps to 23.3% driven by a reduction in incentive compensation and workers compensation and general liability insurance.
    • Adjusted EBITDA decreased 0.2% to $224.65M.
    • Merchandise Inventories -0.7% Y/Y to $783.53M.
    • Q1 Guidance: Net sales: +6.2% to +7.2%; Comparable-store sales: +2.5% to +3.5%; Adjusted diluted EPS: $0.44 to $0.48; Fully diluted share count: ~72.9M.
    • FY2016 Guidance: Net sales: +6.5% to +7.5%; Comparable-store sales: +2.5% to +3.5%; Adjusted EBITDA margin: +20 bps to +30 bps; Interest expense: ~$62M; Tax rate: ~37.8%; Adjusted diluted EPS: $2.62 to $2.72; Fully diluted share count: ~73.2M; Net new stores: 25.
    | Thu, Mar. 3, 7:21 AM
  • Tue, Jan. 12, 9:15 AM
    | Tue, Jan. 12, 9:15 AM
  • Mon, Jan. 11, 5:38 PM
    | Mon, Jan. 11, 5:38 PM
  • Thu, Jan. 7, 10:52 AM
    • A mix of positive holiday sales report peppered throughout the retail sector has brought chain store stocks back into focus.
    • Add sub-$2 gas prices along with a low level of jobless claims to the mix and investors are warming back up to to beat-up sector.
    • Most of the gainers against a down market day have a heavy concentration of sales in the U.S.
    • The Container Store (TCS +3.8%), Ulta Salon (ULTA +1.4%), Vitamin Shoppe (VSI -0.3%), Chico's FAS (CHS +2.9%), Dillard's (DDS +2.7%), Williams-Sonoma (WSM +1.7%), Dick's Sporting Goods (DKS +1.2%), Burlington Stores (BURL +4%).
    • Previously: Retail chain stocks rally as $2 gas in U.S. outweighs turmoil in China (Jan. 07 2016)
    | Thu, Jan. 7, 10:52 AM | 1 Comment
  • Nov. 24, 2015, 7:10 AM
    • Burlington Stores (NYSE:BURL) reports comparable-store sales rose 2.8% in Q3.
    • Gross profit rate improved 10 bps to 39.8%.
    • SG&A expense rate fell 40 bps to 33.6%.
    • Merchandise Inventories +3.79% to $934.011M.
    • Q4 Guidance: Net sales: +3.7% to +4.7%; Comparable-store sales: flat to +1%; Adjusted diluted EPS: $1.44 to $1.48; Fully diluted share count: ~74.4M.
    • FY2015 Guidance: Net sales: +5.8% to +6.3%; Comparable-store sales: +2% to +2.5%; Adjusted EBITDA margin: +20 bps to +30 bps; Interest expense: ~$59M; Tax rate: ~37.8%; Adjusted diluted EPS: $2.28 to $2.32; Fully diluted share count: ~75.7M; Net new stores: 25.
    | Nov. 24, 2015, 7:10 AM
  • Nov. 12, 2015, 5:17 PM
    • Nordstrom (NYSE:JWN) -19.8% AH after missing Q3 earnings estimates by a wide margin and cutting its annual forecast.
    • JWN says Q3 results were below its expectations, reflecting softer sales trends that generally were consistent across channels and merchandise categories.
    • JWN lowers its guidance for FY 2016 EPS to $3.40-$3.50 from its prior outlook for $3.70-$3.80 and below the $3.77 analyst consensus estimate, and lowers its revenue view to a 7.5%-8% gain and $14.1B-$14.16B vs. $14.34B consensus.
    • For Q4, JWN sees EPS of $3.30-$3.40 with sales rising 7.5%-8%, down from its previous guidance for EPS of $3.85-$3.95 on a 8.5%-9.5% sales increase.
    • Q3 revenue, which includes revenue from its credit cards, gained 6% Y/Y to $3.33B, while sales at established stores rose 0.9%; inventory rose 8% Y/Y.
    • JWN follows Macy’s in reporting disappointing results, underscoring a broader slowdown for department stores as consumers spend less of their money on apparel and accessories; after hours, M -1.6%, TGT -1.9%, JCP -1.4%, TJX -4%, BURL -5.3%, KSS -1.3%.
    | Nov. 12, 2015, 5:17 PM | 18 Comments
  • Oct. 14, 2015, 11:30 AM
    • Wal-Mart's profit warning today is having a major impact in the retail sector.
    • The company's commitment to raise wages is expected to pressure other companies to follow suit.
    • Discounters in particular are feeling the Bentonville pinch.
    • Decliners: Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) -5.0%, Dollar Tree (NASDAQ:DLTR) -3.4%, Dollar General (NYSE:DG) -3.0%, PriceSmart (NASDAQ:PSMT) -2.1%, Big Lots (NYSE:BIG) -1.5%, Fred's (NASDAQ:FRED) -1.3%, Burlington Stores (NYSE:BURL) -1.1%.
    • Previously: Retail giants lower after Wal-Mart warns (Oct. 14 2015)
    • Previously: Wal-Mart sits at multi-year low after guidance stuns (Oct. 14 2015)
    | Oct. 14, 2015, 11:30 AM | 2 Comments
  • Aug. 27, 2015, 9:33 AM
    • Burlington Stores (NYSE:BURL) reports comparable-store sales rose 5.6% in Q2.
    • Gross profit rate grew 100 bps to 39.2%.
    • SG&A expense rate improved 60 bps to 28.4%.
    • Merchandise Inventories +12.77% to $802.34M.
    • Q3 Guidance: Net sales: +6% to +7%; Comparable-store sales: +2% to +3%; Adjusted diluted EPS: $0.20 to $0.23; Fully diluted share count: ~76.3M.
    • FY2015 Guidance: Net sales: +6.5% to +7%; Comparable-store sales: +2.5% to +3%; Adjusted EBITDA margin: +30 bps to +40 bps; Interest expense: ~$61M; Tax rate: ~39%; Adjusted diluted EPS: $2.27 to $2.32; Fully diluted share count: ~76.4M; Net new stores: 25.
    | Aug. 27, 2015, 9:33 AM
  • Aug. 27, 2015, 9:14 AM
    | Aug. 27, 2015, 9:14 AM | 4 Comments
  • Jun. 9, 2015, 9:17 AM
    | Jun. 9, 2015, 9:17 AM | 5 Comments
  • May 19, 2015, 10:03 AM
    | May 19, 2015, 10:03 AM | 2 Comments
  • Mar. 17, 2015, 7:42 AM
    • Burlington Stores (NYSE:BURL) reports comparable-store sales rose 6.7% in Q4.
    • Gross profit rate increased 50 bps to 42.2%.
    • SG&A expense ratio -30 bps to 24.3%.
    • Merchandise Inventories +9.53% to $788.71M.
    • FQ1 Guidance: Net sales: +6% to +7%; Comparable-store sales: +2% to +3%; Adjusted diluted EPS: $0.36 to $0.40; Fully diluted share count: ~76.5M.
    • FY2015 Guidance: Net sales: +6% to +7%; Comparable-store sales: +2% to +3%; Adjusted EBITDA margin: +10 bps to +20 bps; Interest expense: ~$60M; Tax rate: ~39%; Adjusted diluted EPS: $2.15 to $2.25; Fully diluted share count: ~77M; Net new stores: 25.
    • BURL +3.35% premarket.
    | Mar. 17, 2015, 7:42 AM
Company Description
Burlington Stores, Inc. is a holding company, which operates through its wholly-owned subsidiaries Burlington Coat Factory Warehouse Corp. and Burlington Coat Factory Investments Holdings, Inc. It provides customers an extensive selection of moderate, fashionable branded product in women's... More
Sector: Services
Industry: Discount, Variety Stores
Country: United States