Burlington Stores Should Just Tell Investors: ‘We Blew It’

Investors might appreciate it more if Burlington Stores just said, “we blew it, and it won’t happen again,” rather than blaming “receipt flow issues” related to the timing of Easter for disappointing sales. The discount retailer’s stock tumbled 8.4 percent Tuesday, suffering the biggest one-day percentage selloff since the company went public on Oct. 2, 2013. Volume was about 11.5 million shares, or more than eight times the full-day average, according to FactSet.