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Burlington boosts profit; will open 25 stores
Burlington, N.J. – Aided by reductions in areas such as interest expense, debt extinguishment and stock option modification, Burlington Stores Inc. more than doubled its net income to $25.69 million in the first quarter of fiscal 2015 from $11.77 million the same period a year earlier. The company plans to open 25 stores during fiscal 2015.
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Casey’s beats Street with Q4 profit, sales; will open 75-113 stores
Ankeny, Iowa – Casey’s General Store beat Wall Street expectations for profit and revenue during the fourth quarter of fiscal 2015. Net income roughly doubled to $41.34 million from $20.94 million, fueled by a drop in cost of goods sold.
Total revenue fell 14% to $1.65 billion from $1.92 billion, but still exceed analyst estimates.
During fiscal 2016, Casey’s plans to build or acquire 75 to 113 stores, replace 10 existing locations and complete 100 major remodels.
