Burlington Stores Shares Up 8% Following Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BURL'>Burlington Stores, Inc. (NYSE:BURL) </a>shares closed more than 8% higher on Tuesday, following the company’s reported Q3 results, with revenue coming in at $2.30 billion, beating the consensus estimate of $2.23 billion. However, comparable store sales growth of 16% fell short of the Street estimate of 19.4%. </p>
<p>Management highlighted positive performance of new stores, especially the smaller prototype stores (25,000 sq. ft.), mentioning that it will accelerate the pace of new store openings.</p>
<p>Similar to the previous quarter, the company did not provide forward sales guidance, which is surprising, given the fact that its notoriously conservative peer ROST once again provided detailed guidance in connection with its Q3 results last week.</p>

NYSE:BURL