Burlington Stores Reports Quarterly Earnings and Increases EPS Guidance

Burlington Stores, Inc. (BURL) reported second quarter earnings and adjusted its annual EPS outlook on August 29. Total sales increased 10.5% over last year, and net income increased by 19%. Burlington increased the outlook on its annual EPS from $6.93 – $7.00 to $7.14 – $7.22.

 

Sonal detected the event and issued an alert at 6:45 am. The next trade took place at 7:15 am for $189. Regular market trading opened for the day at $197.50. The stock price continued to climb throughout the day before closing at $205.42. That makes an event-day gain of 8.69%.

If you want to learn more about guidance changes and how to trade these events, visit the Knowledge Center.

To see the latest weekly webinar, you can visit our Live Webinar page.

Subscribe here if you would like to start receiving these signals in real-time and start trading!