🔴 Burlington Stores is trading 5% down today after weaker Q3 EPS guidance

Burlington Stores is trading at $259.56 (-4.91%) after management issued weaker Q3 EPS guidance of $1.60–$1.70, below the $2.03 consensus.

• Q2 revenue slightly missed expectations, extending the post-earnings decline.
• Investors also reacted negatively to approximately $55 million in tariff refunds being reinvested into lower prices; Morgan Stanley, Bernstein, and Deutsche Bank lowered price targets.
• Geopolitical tensions, higher oil prices, and hawkish Federal Reserve expectations are adding pressure, but the earnings aftermath is the clearest catalyst.