Burlington Trends Will Improve Despite Soft Start To 2025, Analyst Remains Bullish
1. Telsey analyst reaffirms BURL as Outperform with $340 price target. 2. BURL reported strong FY24, but faces a slower FY25 start. 3. Unseasonal weather and delayed tax refunds are impacting first-quarter sales. 4. BURL plans to open 100 new stores, boosting future sales potential. 5. Margins expected to improve later in the year despite initial pressures.