Reported 1 day ago
Burlington CEO Michael O'Sullivan noted a consumer slowdown from late 2024 into early 2025, raising concerns about broader spending trends. While tariffs present both challenges and opportunities for the off-price retail sector, O'Sullivan believes these import taxes will eventually stabilize and become a minor factor in the industry's longer-term trends. Despite concerns about macroeconomic indicators and potential inflation, Burlington reported adjusted earnings that surpassed expectations for the first quarter, maintaining a cautious but optimistic outlook for the future.
Source: YAHOO