$BURL

23 stories mentioning BURLUpdated 16d ago

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Burlington Stores Expected to Post Q1 Earnings Beat, UBS Says

Burlington Stores (BURL) is expected to report above-consensus Q1 comparable sales growth and earnings per share, but this is unlikely to boost share price as the market already has a similar view, UBS Securities said Tuesday.The company is set to post Q1 results before the market opens on Thursday.UBS said the stock is up 12% year-to-date, compared with a 9% gain for the S&P 500, driven by Q1 comparable sales and EPS expectations, Q2 revenue growth guidance of 8% to 10%, comparable sales guidance of 1% to 3%, and EPS guidance of $1.85 to $1.95, as well as market expectations that the company will flow through its Q1 EPS beat into the full-year 2026 outlook.UBS lifted its Q1 EPS forecast to $1.90 from $1.70, driven by stronger sales and less margin contraction than previously expected.UBS kept a buy rating on Burlington Stores with a price target of $430.Price: $325.10, Change: $+0.59, Percent Change: +0.18%

$BURL

US Markets122d ago

Macro Backdrop Helps Lift Comparable Sales Expectations for Off-Price Retailers, Deutsche Bank Says

The current macro backdrop is likely benefiting the off-price retail sector as increased value-seeking behavior among consumers has helped lift same-store sales growth expectations for the first quarter, Deutsche Bank said in a note on Friday.The brokerage remains constructive on discount retailers, which tend to grow during an economic slowdown. In addition, merchandising initiatives and store openings should help sustain sales momentum, according to the note."Sentiment towards off-price retail remains positive with elevated (first quarter 2026) SSS expectations," Deutsche Bank Analyst Krisztina Katai said. "This reflects tailwinds from stimulus in the US and increased value-seeking behavior, which combine with company-specific SSS initiatives and easier compares."US consumer sentiment declined to fresh lows in May amid cost pressures tied to the Middle East conflict, University of Michigan's preliminary survey showed earlier this month. A fragile ceasefire between Washington and Iran appears to be holding, though the two sides are yet to finalize a framework on a peace deal.The brokerage expects comparable sales to grow low teens for Ross Stores (ROST), between 7% and 8% for Burlington Stores (BURL) and 5% to 6% for TJX's (TJX) Marmaxx.Top-line strength and average unit retail gains position off-price retailers to absorb incremental freight pressures, but it is unclear whether the current momentum is driven by stimulus or other sustainable trends, Deutsche Bank said."That said, fears of a consumer slowdown in recent weeks have led to the group de-rating materially to start (the fiscal second quarter) -- which we believe creates a buying opportunity," Katai said.Ross Stores and TJX are "best positioned" to top estimates due to incremental transactions, Katai said. Deutsche Bank remains "sidelined" on Burlington Stores.Ross Stores, TJX and Burlington Stores are scheduled to release their first-quarter results later in May.Price: $213.22, Change: $-0.06, Percent Change: -0.03%

$BURL$ROST$TJX

US Markets146d ago

Most Softline Retailers Poised to Meet or Top Quarterly Earnings Views, UBS Says

Most US softline retailers are expected to report upcoming quarterly earnings either in line or above Wall Street's estimates, while consumer spending could rise notably if the Middle East conflict ends soon, UBS Securities said Monday.A survey conducted by the brokerage during the first two weeks of this month showed that consumer spending intentions remained "good," particularly for apparel and footwear despite headwinds from the US-Israel war with Iran that started at the end of February, UBS analysts, including Jay Sole said in a note to clients."We believe the market is overestimating the negative impact of high oil prices on softline company margins," UBS said. "We see most softline companies either meeting or beating (first-quarter) expectations during this upcoming earnings season."The war, which has impacted several Middle East countries, has sent energy prices soaring amid the closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.US retail gasoline prices averaged $4.042 per gallon Monday, compared with $3.151 a year ago, according to data from AAA, a travel organization that tracks fuel prices in the country."US consumers' view of the economy has been somewhat impacted (month on month) by the Middle East conflict and rising gas prices," the UBS analysts said Monday. "Yet, the data show potential for a strong pop in US consumer spending if the Middle East conflict ends soon and gas prices return to pre-conflict levels. This is a main reason we remain bullish."On Holding (ONON), Deckers Outdoor (DECK), Gildan Activewear (GIL), Burlington Stores (BURL), Levi Strauss (LEVI), Ralph Lauren (RL), and TJX (TJX) are among the softline stocks that UBS said it likes and rates as buy. The brokerage said it likes these stocks over several big names such as Nike (NKE) and Lululemon Athletica (LULU), according to the note."We believe the market is significantly underestimating the potential for (artificial intelligence) to positively impact softline companies' sales and margins," the analysts said.On Saturday, Iran took back control the Strait of Hormuz after temporarily opening the waterway to commercial vessels Friday. The US and Iran have accused each other of violating a two-week ceasefire announced April 7, leaving the situation in the Middle East in limbo.Price: $37.24, Change: $+0.29, Percent Change: +0.78%

$BURL$DECK$GIL$LEVI$LULU$NKE$ONON$RL$TJX

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