Tag Archives: Burlington Stores

Burlington Stores Expects Same-Store Gain for Q2

Burlington Stores

BURLINGTON, N.J.-Burlington Stores said it is projecting a same-store sales increase of from 3-4 percent for its fiscal second quarter, which will end on Aug. 2. The retailer gave its forecast in a statement which also announced that it is launching a debt refinancing transaction, in which it will seek commitments from lenders under aMore »

Burlington Stores Goes from Loss to Profit in Q1

Burlington Stores

BURLINGTON, N.J.-In what its top executive, Tom Kingsbury, termed a quarter of “solid results,” Burlington Stores reversed a net loss of $5.6 million into net income of $11.8 million for its fiscal first quarter ending on May 3. Kingsbury, president, CEO and recently named chairman as well, said the first quarter saw the retailer “buildMore »

Burlington Names Kingsbury Chairman

Thomas Kingsbury

BURLINGTON, N.J.-Thomas Kingsbury, president and CEO of Burlington Stores, has been unanimously elected chairman by the retailer’s board of directors. Kingsbury joined Burlington as CEO in 2008. A company statement credited him with providing “excellent strategic direction for the business, and he has used his leadership skills to build a strong team at the company.”More »

Burlington Stores’ FY, Q4 Nets Fall

Burlington Stores

BURLINGTON, N.J.-Although the company’s top line picked up momentum in both periods, Burlington Stores posted declines of 36.2 percent and 6.4 percent in fiscal-year and fourth-quarter net income, respectively. Net income for the year totaled $16.2 million, and for the fourth quarter was $63.6 million (the company posted a net loss for the first threeMore »

Burlington Stores Q3 Net Loss Widens

Burlington Stores

BURLINGTON, N.J.-Costs related to its initial public offering, rising interest expenses and a reduced income-tax benefit deepened Burlington Stores’ third-quarter net loss from $7.4 million last year to $16.9 million this year. The retailer incurred costs of more than $12 million related to its initial public offering, which was completed in October, including expenses forMore »