Off-price retail company Burlington Stores (NYSE: BURL) will be reporting earnings this Tuesday morning. Here’s what to look for.
Burlington beat analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $2.71 billion, up 9.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is Burlington a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Burlington’s revenue to grow 7.6% year on year to $2.72 billion, slowing from the 10.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.63 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Burlington has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Burlington’s peers in the general merchandise retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ross Stores delivered year-on-year revenue growth of 10.4%, beating analysts’ expectations by 2.6%, and TJX reported revenues up 7.5%, topping estimates by 1.5%. Ross Stores traded up 7.9% following the results while TJX was also up 1.7%.
Read our full analysis of Ross Stores’s results here and TJX’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the general merchandise retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.7% on average over the last month. Burlington is up 9.6% during the same time and is heading into earnings with an average analyst price target of $348.44 (compared to the current share price of $297.12).
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