Burlington Stores, Inc.: Growing Brand Mix & Elevated Assortments Catalyzing Growth!  

In its recent earnings, Burlington Stores reported revenues and earnings growth for the first quarter of 2024. Total sales grew by 11% compared to the same quarter in the previous year, driven by new store openings and comparable store sales growth. The company opened 14 new stores during the quarter, expanding the total count to 1,021 stores. Comparable store sales for the quarter increased by 2%, at par with store guidance. The regular-price selling showed promising growth, driving faster turnovers and lower markdowns. The company expects this trend to continue in the second quarter, maintaining a flat to 2% comp guidance.