The Key Number in Burlington's Earnings Report
Real Money Stock of the Day Burlington (BURL) 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.
More from Cramer Today
Full Replay:Got Whiplash From the Volatility? Breaking Down Burlington, Tesla and Trade War
Embrace the Volatility in the Market
How Investors Should Approach the September Tariffs
Why Investors Should Still Approach Tesla With Caution
Premium Pick: How to Play a Surprise Spike on Positive China Trade News
Retirement Fears: Don't Fear Healthcare Costs in Retirement
Success Story: Nepal's Only Billionaire Shares His Success Mantra
Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud
Catch Up: Today's Top News Videos Below
