Reported 2 days ago
Burlington Stores reported first-quarter profits exceeding expectations, earning $1.67 per share compared to $1.42 last year, but anticipates 'significant pressure' on merchandise margins due to tariffs. While comparable sales and revenue were lower than analysts predicted, CEO Michael O’Sullivan remains optimistic about managing these pressures, affirming the company's overall yearly outlook. Burlington projects modest growth for the second quarter, with analysts expecting even higher revenue increases.
Source: YAHOO