Burlington Stores IncBurlington Stores reported revenues up 14.1%, beating estimates by 2.7%, and stock rose 5.9%.
The eight general merchandise retail stocks tracked by this publication reported a very strong first quarter, with revenues beating analysts' consensus estimates by 2.5% and next quarter's revenue guidance coming in 2.2% above expectations. Kohl's reported revenues of $3.17 billion, down 2% year on year and in line with expectations, making it the slowest grower in the group, though its stock has risen 33.4% since the report. Five Below led the group with revenues of $1.29 billion, up 32.5% year on year and beating estimates by 5.7%, while also delivering the highest guidance raise among peers, yet its stock fell 9.1%. Ollie's Bargain Outlet posted revenues of $658.9 million, up 14.2% but missing estimates by 0.7%, and its stock dropped 16.4%. Burlington Stores reported revenues of $2.86 billion, up 14.1% and beating estimates by 2.7%, with its stock up 5.9%. Ross Stores achieved the biggest analyst estimate beat with revenues of $6.01 billion, up 20.6% and surpassing expectations by 6.6%, and its stock gained 7.6%.
Burlington Stores IncBurlington Stores reported revenues up 14.1%, beating estimates by 2.7%, and stock rose 5.9%.
Five Below IncFive Below led growth with revenues up 32.5% and beat estimates by 5.7%, but stock fell 9.1%.
Kohl's CorporationKohl's revenues down 2% year on year, slowest grower in the group.
Ollie's Bargain Outlet HldgOllie's Bargain Outlet revenues missed estimates by 0.7% and stock dropped 16.4%.
Ross Stores IncRoss Stores achieved biggest analyst estimate beat with revenues up 20.6% and stock gained 7.6%.