Burlington Stores gains on upbeat FY forecast

Burlington Stores

30/05/2024 12:32

** Shares of Burlington Stores Inc  BURL.N , an off-brand
retailer for branded clothing, are up 12.30% at $225.00 in
pre-market trade
    ** Co raises full-year 2024 adjusted earnings per share to
$7.35-$7.75 compared to its previous outlook of $7.00-$7.60 per
share
    ** Co's first-quarter sales rose 11% to $2.35 bln, slightly
above analysts' estimates of $2.34 bln 
    ** Co's Q1 adjusted earnings per share of $1.42 also beat
analysts' estimates of $1.05 per share 
    ** Shares of BURL have gained about 26% in the past 12
months

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))