Burlington Stores Shares Surge 24% Since Q3 Report
<p><a href='https://financialmodelingprep.com/financial-summary/BURL'>Burlington Stores (NYSE:BURL)</a> gained more than 24% since the company’s reported Q3 results on Tuesday on positive commentary and despite EPS and revenue miss. EPS was $0.43, missing the Street estimate of $0.52. Revenue came in at $2.04 billion, worse than the Street estimate of $2.06 billion.</p>
<p>The company took meaningful steps during the quarter to sharpen value and improve its product mix and has seen an improvement in trends from mid-October through November.</p>
<p>The company expects Q4/23 EPS in the range of $2.45-$2.75, compared to the Street estimate of $2.61. Comparable store sales are expected to decrease from 9% to 6%.</p>
<p>For fiscal 2023, the company expects EPS to be in the range of $3.77-$4.07, compared to the Street estimate of $4.00. Comparable store sales are seen in the range of negative 15% to 14%.</p>

NYSE:BURL