During Thursday’s current trade, Burlington Stores Inc (NYSE:BURL)’s shares incline 0.98% to $51.32.
Burlington Stores, Inc. (BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, declared its results for the first quarter ended May 2, 2015.
First Quarter Fiscal 2015 Operating Results (for the 13 week period ended May 2, 2015 contrast with the 13 week period ended May 3, 2014):
- Comparable store sales raised 0.8% which follows a comparable store sales enhance of 2.7% in the first quarter of last year.
- Net sales raised 4.9%, or $54.8 million to $1,183.1 million. This enhance comprises the 0.8% enhance in comparable store sales, as well as an enhance of $49.2 million from new and non-comparable stores.
- Gross margin expanded by 160 basis points to 39.7% from 38.1% last year, primarily due to a reduction in markdowns. This more than offset an approximate 80 basis point enhance in product sourcing costs that are comprised of in selling and administrative expenses.
- SG&A, less product sourcing costs and advisory fees, as a percentage of net sales was 27.3% vs. 26.9% in the first quarter of last year. The enhance was due to a deleveraging of occupancy and marketing costs and enhances in severance and stock based compensation expense.
Employee Hourly Wage Enhance
- Highlighting the value and commitment Burlington Stores has for its associates, the Company declared that effective July 5th, all full time, and part-time associates with six months or more of service, will be paid at least $9.00 per hour. The Company indicated that it anticipates efficiencies to offset expenses associated with the wage enhances so it will result in a P&L neutral event.
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. \
Pioneer Natural Resources (NYSE:PXD)‘s shares drop -1.21% to $143.69, during the current trading session Thursday’s, hitting its highest level.
Pioneer Natural Resources Company (PXD) declared its second quarter 2015 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, August 4, 2015.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
In a mid-morning trade, Accenture Plc (NYSE:ACN)‘s shares surge 0.31% to $97.22.
While most government labor agency leaders report their organizations have systems in place to measure the success of programs to help the unemployed find jobs. Yet nearly one-third say that those systems are ineffective, according to an Accenture (ACN) survey of labor-agency leaders in the United States, Europe and Asia.
Among the 80 percent of labor agency leaders who said they have a system to measure the success or impact of jobs programs, 29 percent rated their measurement system as “not very effective” or “not at all effective.” Overall, 54 percent said their agency or department does not have what it needs in terms of tools, training and resources to measure program success effectively.
Analytics are seen as playing an important role in measuring the success of jobs programs, with nearly all respondents – 96 percent – identifying analytics as an important means of measuring program success. More than three-quarters of respondents (84 percent) said their agency currently uses some analytics to measure their programs’ success, with the most common uses being for measuring the impact or success of programs linking job seekers and potential employers (cited by 81 percent), training programs (64 percent) and income-support programs (60 percent).
Accenture plc provides administration consulting, technology, and business process outsourcing services worldwide. The company’s Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship administration services; and assists customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital.
Golar LNG Limited (USA) (NASDAQ:GLNG), during its Thursday’s current trading session -0.49% loss and closed at $50.60.
Golar LNG Ltd. (GLNG) declared the formation of a 50/50 joint venture with Stolt-Nielsen Limited to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has also made a strategic investment in Golar through open market purchases, representing an ownership stake of approximately 2.3%.
The joint venture between Golar and Stolt-Nielsen will draw upon the logistics and small-scale LNG assets controlled by Stolt-Nielsen and the ocean-based LNG midstream assets controlled by Golar to provide a fully integrated LNG logistics service to consumers of natural gas.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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