Burlington Stores Inc reports results for the quarter ended July 31 - Earnings Summary
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Burlington Stores Increported adjusted earnings of $1.59 per share for the quarter ended July 31, exceeding last year's $1.20 and analysts' expectations of $1.32. Revenue increased by 9.7% to $2.71 billion, surpassing the forecast of $2.65 billion. The company’s net income was $94.19 million. Analysts maintain a "buy" rating, with a median 12-month price target of $313.60, 10.6% above the last closing price of $280.30. The stock rose 20.5% this quarter but is down 1.7% year-to-date.
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