Burlington Stores could be the next retailer to rebound, Jim Cramer says

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Jim Cramer breaks down Burlington Stores' most recent earnings and explains why he thinks the stock is ready to rebound.

div > div.group > p:first-child"> The stock was crushed, plunging 16%, after a rare sales miss in its most recent earnings results. Cramer pointed out that the March report marked the first time in 24-consecutive quarters that same-store-sales growth did not meet estimates.

Burlington's"mea culpa was overdone" on the earnings call, Cramer said. He compared Burlington to Home Depot, the shares of which also plummeted after disappointing fourth-quarter earnings and sales. Burlington looks to be in a similar position, Cramer said. Despite weak sales in its women's apparel and winter inventories, other items sold as according to plan, he said.

Source: News Formal (newsformal.com)

 

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Where is your disclaimer for That FOOL?

I still have my tesla and lyft shares Jim the dog 💩💩💩

Haha sell

After he’s done shorting it

That retailer might be opening up new stores but the merchandise is horrible. It's worse than Sears.

Jim Cramer is mostly full of 💩

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