On Wednesday, Burlington Stores Inc (NYSE:BURL)’s shares inclined 1.56% to $54.00.
Burlington Stores, Inc. (BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, declared its results for the second quarter and six months ended August 1, 2015.
Fiscal 2015 Second Quarter Operating Results (for the 13 week period ended August 1, 2015 contrast with the 13 week period ended August 2, 2014):
- Comparable store sales raised 5.6%, which follows a comparable store sales enhance of 4.7% in the Fiscal 2014 second quarter driven by improved execution of the Company’s off-price business model.
- Net sales raised 9.6%, or $100.6 million, to $1,144.2 million. This enhance comprises the 5.6% enhance in comparable store sales, as well as an enhance of $46.7 million from new and non-comparable stores.
- Gross margin expanded by 100 basis points to 39.2% from 38.2% in the second quarter of Fiscal 2014. This more than offset an approximate 50 basis point enhance in product sourcing costs that are comprised of in selling, general and administrative expenses (SG&A).
- SG&A, less product sourcing costs and advisory fees, as a percentage of net sales was 28.4%, which represented a 60 basis point improvement from 29.0% in the second quarter of Fiscal 2014. This improvement was driven by improved leverage in store payroll and occupancy.
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, counting women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home décor and gifts, and coats. As of January 31, 2015, it operated 542 stores, counting an Internet store in 44 states and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey.
Aecom (NYSE:ACM)’s shares gained 0.30% to $26.60.
AECOM (ACM) declared that it has been awarded a prime contractor position on the Air Force Contract Augmentation Program (AFCAP IV) from the United States Air Force.
The indefinite-delivery/indefinite-quantity contract outlines the full range of base, life, operating and logistical support services AECOM will provide for the Air Force and any other U.S. federal entities operating in support of Air Force missions, which could comprise National Command Authority, joint or combined U.S. military forces, the North Atlantic Treaty Organization and multinational forces utilizing U.S. government appropriations.
The six-year contract has a $5-billion aggregate maximum value for the eight awardees and is estimated to reach completion by 2021. AECOM will provide services, to be determined by individual needs, at multiple locations worldwide.
AECOM, together with its auxiliaries, provides professional technical and administration support services for public and private clients worldwide. The company operates through two segments, Professional Technical Services (PTS) and Administration Support Services (MSS). It offers planning, consulting, architectural and engineering design, and program and construction administration services for a range of projects, counting highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution.
At the end of Wednesday’s trade, Murphy Oil Corporation (NYSE:MUR)‘s shares surged 1.86% to $29.09.
Murphy Oil Corporation (MUR) declared that Roger Jenkins, President and CEO, will present at the Barclay`s CEO Energy-Power Conference on Thursday, September 10, 2015, at 8:25 a.m. Eastern Daylight Time (EDT).
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT), ended its Wednesday’s trading session with 1.96% gain, and closed at $70.20.
Westin Hotels & Resorts, part of Starwood Hotels & Resorts (HOT), declared the opening of its latest Austin hotel, The Westin Austin Downtown, located in the heart of the city at the corner of San Jacinto Boulevard and Fifth Street. A joint venture among White Lodging Services Corporation, the Harry Whittington family and REI Real Estate Services, LLC., the 19-story hotel, which draws design inspiration from the local music scene, is Westin’s second Austin property, and one of five new openings in North America this year.
The Westin Austin Downtown used HKS Architects, Inc. and was designed by Simeone Deary. Upon entering the lobby, guests are transported to a modern-day oasis where they are met with a 12-foot-tall custom-made art piece comprised of charred wood blocks that come together to form the body of a guitar. Incorporating natural design elements, the lobby ceiling and vertical garden mimic the cutouts of a Dobro guitar, while the ballroom floors allude to prints often found on guitar straps. In keeping with the Austin music theme, the hotel will regularly host local musicians in the lounge area.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
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