Chief Executive

Chief Executive: Volume was about 11.5 million shares, or more than eight times the full-day average, according to Fact Set, according to Market Watch. Burlington reported early Tuesday that fiscal first-quarter same-stores rose 0.8% from the same period a year ago, missing the outlook the company provided in mid-March of 2% to 3% growth, and well below the average analyst estimate compiled by Fact Set of a 4.1% increase. The discount retailer stock BURL, -8.42% tumbled 8.4% Tuesday, to suffe the biggest one-day percentage selloff since the company went public on Oct. 2, 2013. In a prepared statement, Chief Executive Thomas Kingsbury said one of the main reasons for the disappointing sales performance was receipt flow issues, which were compounded by the fact that Easter came a little bit earlier than last year. Easter Sunday was April 5 this year, compared with April 20 last year. He said that when the company gave same-store sales guidance in March, Easter was still three weeks out. (news.financializer.com). As reported in the news.