Burlington Warns Persistent Gas-Price Spike Is Squeezing Its Core Customers
Burlington (BURL) stock fell despite Q2 earnings beating expectations, as revenue missed and Q3 guidance disappointed.
Burlington made more money per item than expected, but sold fewer things overall and customers are spending less because gas costs more. When a company warns that money is tight for shoppers, that's a signal to watch whether people keep buying their stuff.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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