Burlington Beats Third Quarter Estimates and Increases Annual EPS Guidance

published 8:40 pm ET November 26th, 2019

On November 26, Burlington Stores, Inc. (BURL) reported that third quarter earnings beat expectations. Total sales increased 8.6% over the previous year, and EPS increased 29% to $1.44 per share. As a result, Burlington increased its annual earnings guidance from between $7.14 and $7.22 per share to between $7.28 and $7.33 per share.

  

Jet Equities notified subscribers at 6:45 am. The last trade took place the previous day at 7:53 pm for $208. The next trade took place at 6:52 am for $205. The stock price jumped higher at the market open and continued to increase throughout the day. Burlington closed at $225.97 for an event day gain of 8.6%.

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