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.
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