The Key Number in Burlington's Earnings Report
Real Money Stock of the Day Burlington (BURL) - Get Report reported earnings before the bell Thursday morning.
The New Jersey-based retailer posted adjusted earnings of $91.4 million, or $1.36 a share. Analysts polled by FactSet had been expecting earnings of $1.14 a share.
For the remainder of its fiscal year, Burlington Stores said it now expects sales in the range of 8.9% to 9.3%, comparable-store sales of between 2% and 2.5%, and adjusted per-share earnings of between $7.14 and $7.22.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, talked to TheStreet about the company's quarter and the one number that he's keeping a close eye on.
The number that Marks is watching? Comps.
"So return to the comps and the second half guidance was good comps, too, for the second half of the year. So they're there, they're back on path. Very strong quarter," said Marks
Watch to see Marks full reaction to Burlington's quarter.
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