Burlington Stores shares have dropped over 30% from July's high after cautious quarterly guidance, pushing RSI to deeply oversold levels even as the company raised its full-year forecast.
Off-price clothing retailer Burlington is the latest company using tariff refunds to reduce prices. “It feels like the right thing to do for our customers,” CEO Michael O'Sullivan said on the company'...
The off-price retailer posted a profit of $184 million in its second quarter and raised its full-year adjusted EPS guidance to $11.77–$11.97
Burlington Stores recorded higher second-quarter sales and said it plans to use its tariff refunds to lower prices for shoppers.
Burlington Stores, Inc. operates as a retailer of branded merchandise in the United States and Puerto Rico. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, home furnishings, toys, gifts, and coats, as well as baby and beauty merchandise products. It operates stores under the Burlington Stores, and Cohoes Fashions brands in Washington D.C. and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey.
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