Burlington Stores: Best-In-Class Off-Price Retailer

MTS Insights
641 Followers
(12min)

Summary

  • Burlington Stores posted strong Q2 2024 results with a 13% YoY sales increase and 5% comp sales growth, beating both management and Wall Street expectations.
  • New store openings and accelerating comp sales growth, particularly in full-price sales, drove revenue and margin improvements, leading to an EBIT margin increase of 160 bps.
  • Despite a cautious outlook for H2 2024 due to potential higher ocean freight costs, BURL upgraded its full-year EBIT margin and EPS guidance.
  • BURL's growth potential and strong performance make it a top pick among off-price retailers, justifying a Buy rating despite a higher P/E ratio compared to peers.

Burlington Coat Factory Strip Mall Location. Burlington is an American national off price department store retailer.

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Burlington Stores, Inc. (NYSE:BURL) is a fashion retailer in the US focused on selling apparel primarily but also offering footwear and accessories, beauty products, and other home goods. The company has over 44,000 employees and over 1,000 locations. BURL is an off-price

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