Burlington stores, inc. reports first quarter 2020 earnings

Burlington stores, inc. reports first quarter 2020 earnings.q1 adjusted non-gaap loss per share $4.76.q1 loss per share $5.09.q1 sales $798 million versus refinitiv ibes estimate of $942.3 million.q1 earnings per share estimate $-1.55 -- refinitiv ibes data.stores began to re-open on may 11.since re-opening, sales in re-opened stores have exceeded prior year levels.expect to have 402 stores re-opened by may 29, and most of balance of chain re-opened by mid-june.expect to have over 400 stores open by this weekend.qtrly adjusted loss includes a $272 million charge, or $2.77 per share, against aged inventory..now expects to open 64 new stores, while relocating or closing 26 stores, for 38 net new stores in 2020.not prepared to give sales and earnings guidance for fiscal 2020.
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