Burlington Stores gains on better-than-feared Q3 results

Nov. 22, 2022 7:07 AM ETBurlington Stores, Inc. (BURL)By: Clark Schultz, SA News Editor6 Comments

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

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Burlington Stores (NYSE:BURL) reports comparable sales fell 17% in Q3 vs. -16.1% consensus.

Gross margin fell to 41.2% of sales vs. 41.4%. Merchandise margins decreased 90 basis points, partially offset by a 70 basis point improvement in freight

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