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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walgreens to sell CBD products in stores: What to know about the buzzy wellness trendWalgreens to sell CBD products in stores: What to know about the buzzy wellness trend.
Read more »

Which States Made The Most Tax Revenue From Marijuana In 2018? [Infographic]Out of ten states (plus D.C.) where recreational marijuana is legal, seven currently tax and regulate revenue-producing stores. Last year, some states made hundreds of millions of dollars in marijuana tax revenue.
Read more »

Victoria's Secret is closing dozens of stores — see if yours is on the listVictoria's Secret is closing stores across Florida, Ohio, Iowa, New York, Virginia, South Carolina, and Tennessee.
Read more »

MOODY'S: JCPenney could close dozens more storesJCPenney will likely target locations in the approximately 100 shopping malls that have multiple anchor vacancies, analysts wrote.
Read more »

Amazon is leading the march toward a cashless society. States and cities push backCritics say stores that don't accept cash will further marginalize America's homeless and working poor.
Read more »

The most beautiful Apple stores in the United StatesSome of the most beautiful Apple stores in the United States are architectural marvels unto themselves.
Read more »