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伯灵顿股票下跌，原因是店铺客流量“大幅下降”。
Burlington Shares Slide After Store Traffic "Fell Off Significantly" 

原始链接: https://www.zerohedge.com/markets/burlington-shares-slide-after-store-traffic-fell-significantly

伯灵顿商店的股价在财报公布后盘前下跌，原因是第三季度财报喜忧参半，且对未来业绩的展望令人失望。虽然调整后的每股收益为1.68美元，超出预期，但27.1亿美元的营收和1%的可比销售额增长略低于预测。 该公司将暑期促销后的销售下滑归因于异常温暖的天气，但随着10月和11月气温下降，销售额有所回升。然而，伯灵顿商店对第四季度和全年的展望低于彭博共识预期，预计可比销售额在1-2%之间，每股收益在9.69-9.89美元之间。 库存水平也同比增长了15%。这种表现反映了影响注重价值的消费者的更广泛趋势，与Target和Walmart等零售商的疲软业绩相呼应，因为家庭预算正在收紧。关键问题是，销售额下降是季节性下降还是伯灵顿商店核心客户群（年收入在25,000-100,000美元之间）消费习惯的更重大转变。

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原文

Off-price department store retailer Burlington, formerly known as Burlington Coat Factory, fell in premarket trading after reporting weak third-quarter comparable sales and issuing soft fourth-quarter and full-year comp guidance that missed Bloomberg Consensus expectations.

Snapshot: Q3 Results (Slight Miss on Revenue/Comps)

  • Adjusted EPS: $1.68 (beat) vs. $1.55 y/y

  • Revenue: $2.71B (+7.1% y/y), just below Bloomberg Consensus ($2.72B)

  • Comp sales: +1% (Estimate: +2.5%)

  • Gross margin: 44.2% (up from 43.9%)

  • SG&A: 35% of revenue (improvement vs. 35.4%)

  • Merchandise inventories: $1.66B, up 15% y/y (well above BBG estimate of $1.51B)

"Total sales increased 7% in the third quarter, while comparable store sales increased 1%. Traffic to our stores fell off significantly after the back-to-school period driven by unseasonably warm temperatures in our major markets. Our comp trend then picked up to mid-single-digits in mid-October once the weather cooled, and that strong trend has continued through the first three weeks of November," CEO Michael O'Sullivan wrote in a statement. 

Burlington's fourth-quarter and full-year forecasts were also underwhelming compared with Bloomberg Consensus expectations. Shares are down 5% in premarket trading.

Snapshot: Q4 Outlook (Soft vs. Street)

Snapshot: 2026 Outlook (Mixed - EPS Raised, Comps Still Light)

  • Adjusted EPS: $9.69–$9.89, raised (Estimate: $9.56) Sales: +8% (prior +7–8%)

  • Comps: +1% to +2% (Estimate +2.46%) Net capex: ≈$950M

According to company filings, Burlington's core customer has an annual household income of $25,000 to $100,000 and is typically between 25 and 49 years old.

It's important to note that consumers more broadly, especially in the low- to mid-income tiers, are under financial pressure and increasingly value-oriented. This has been confirmed in recent earnings from Target, Home Depot, Walmart, and TJ Maxx.

The question becomes whether Burlington's customers are dialing back on spending on apparel, footwear, and coats, not because of seasonal trends, but because their pocketbooks are being squeezed.

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