Burlington drops after annual comparable sales forecast disappoints

Burlington Stores

27/08/2026 15:40

** Shares of discount retailer Burlington Stores BURL.N fall nearly 4% to $302
** BURL expects FY comparable store sales to increase in the range of 3% to 4%, the mid-point of which is below analysts' estimate of 3.63%, according to data compiled by LSEG
** Co reports Q2 total revenue of $3 billion, compared with analysts' estimate of $3.02 billion
** Co reports Q2 adjusted profit per share of $2.96, beating analysts' estimate of $2.18 per share
** 14 of 20 analysts rate the stock "buy" or above, 6 "hold"; their median PT is $375 - data compiled by LSEG
** Including session's moves, stock has risen 6.55% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))