Burlington Stores’ Focus on Low-Income Consumer Base Paying Off? 

Burlington Stores, Inc., in its fiscal 2024 third-quarter earnings, discussed various facets of its current performance and future outlook. The company’s overall sales saw an 11% increase over the quarter, primarily fueled by the expansion from new store openings. Comparable store sales rose by 1%, with adverse impacts attributed to unseasonably warmer weather which impacted cold[1]weather product categories significantly. However, when adjusting for these weather-related impacts, underlying sales trends appeared more robust.