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Benzinga
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These Analysts Increase Their Forecasts On Burlington Stores After Upbeat Q2 Results

1. BURL reported Q2 revenue of $2.705 billion, exceeding estimates. 2. Comparable store sales rose 5%, matching last year's growth. 3. Adjusted EPS increased to $1.72, beating the $1.32 estimate. 4. Full-year sales guidance raised but remains below consensus. 5. Analysts raised price targets after earnings beat.

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FAQ

Why Bullish?

BURL's strong Q2 results show sustainable growth. This positive performance historically leads to stock price increases.

How important is it?

Earnings beat and positive guidance indicate strong fundamentals, likely influencing investor sentiment significantly.

Why Short Term?

Positive analyst ratings and immediate earnings momentum may drive short-term interest and price action.

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