Burlington stores, inc. reports first quarter 2023 earnings

Burlington, n.j., may 25, 2023 (globe newswire) -- burlington stores, inc. (nyse: burl), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the first quarter ended april 29, 2023.   michael o'sullivan, ceo, stated, “our first quarter comparable sales growth came in just below guidance. we had gotten off to a very strong start but then the trend fell off in march. we believe that this weakening in the trend was driven by two external and transitory factors – lower tax refunds and cooler weather leading up to easter.”
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