New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:12 EDTBONT, BURL, SHLD, JCP, MBurlington Stores rallies after profits surpass analyst forecast
Shares of off-price branded apparel retailer Burlington Stores (BURL) are rallying after the company reported higher than anticipated fourth quarter earnings per share. WHAT'S NEW: Burlington Stores reported fourth quarter earnings per share of $1.07, topping analysts' consensus forecast of $1.03. The company's fourth quarter same-store-sales rose 4% and its revenue of $1.33B narrowly missed the consensus forecast of $1.34B. Burlington Stores said it sees first quarter adjusted earnings per share of 19c-23c, while analysts had a consensus view of 23c prior to the report. The company expects first quarter same-store-sales and FY14 same-store sales to be up 2%-3%. The retailer expects FY14 adjusted earnings per share of $1.25-$1.35, which is lower than analysts' consensus of $1.38. WHAT'S NOTABLE: During it's fourth quarter earnings conference call, the company said it sees Q1 total net sales to increase in the range of 5.4% to 6.4% and it plans to open two new stores. It said it will continue to focus on its pipeline of deals and expects to move toward a more balanced split between first half and second half openings in future years. OTHERS TO WATCH: Competitors of Burlington Stores include Macy's (M), Sears (SHLD), Bon-Ton Stores (BONT) and J.C. Penney (JCP). PRICE ACTION: During morning trading, shares of Burlington Stores rose 13.9% to $29.50.
News For BURL;M;SHLD;BONT;JCP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 26, 2015
06:22 EDTMMacy's says mobile shopping, electronics dampening retail performance, MW says
Subscribe for More Information
March 25, 2015
13:05 EDTBURLBurlington Stores thesis unchanged after resignation, says Sterne Agee
Subscribe for More Information
09:29 EDTBURLBurlington Stores reports CMO Paul Metcalf resigns
Subscribe for More Information
March 24, 2015
08:26 EDTMMacy's says will keep investing in e-commerce, online security
Subscribe for More Information
08:24 EDTMMacy's says store closings 'not really about Internet'
Subscribe for More Information
07:27 EDTMTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
10:18 EDTSHLDSears Holdings volatility at low end of 44-month range as shares trend higher
Subscribe for More Information
March 20, 2015
09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
March 19, 2015
07:04 EDTMAmerican Express confirms plans to launch Plenti loyalty program
Subscribe for More Information
March 18, 2015
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
Subscribe for More Information
12:35 EDTSHLDSears supply chain under pressure, WSJ says
Subscribe for More Information
08:45 EDTBURLBurlington Stores price target raised to $65 from $50 at BMO Capital
Subscribe for More Information
07:57 EDTBURLBurlington Stores fiscal 2015 guidance conservative, says Wells Fargo
Subscribe for More Information
06:16 EDTMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
Subscribe for More Information
March 17, 2015
15:41 EDTJCPJ.C. Penney General Counsel Janet Dhillon leaving, Bloomberg says
Subscribe for More Information
07:05 EDTBURLBurlington Stores sees Q1 adjusted EPS 36c-40c, consensus 41c
Subscribe for More Information
07:05 EDTBURLBurlington Stores sees FY15 adjusted EPS $2.15-$2.25, consensus $2.26
Subscribe for More Information
07:03 EDTBURLBurlington Stores reports Q4 adjusted EPS $1.43, consensus $1.32
Subscribe for More Information
06:57 EDTJCPJ.C. Penney CMO leaves company, effective immediately, AdAge reports
Subscribe for More Information
March 16, 2015
15:26 EDTBURLNotable companies reporting before tomorrow's open
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use