Burlington falls after downbeat Q4 forecast

Shares of apparel retailer Burlington stores BURL.N down 11.6% at $251.44

Expects Q4 adjusted EPS in the range of $4.50 to $4.70, largely below estimates of $4.65- data compiled by LSEG

Sees Q4 sales rising 7% to 9%, vs. estimates of 9.1%

Q3 net sales $2.70 billion misses estimates of $2.75 billion

"Traffic to our stores fell off significantly after the back-to-school period driven by unseasonably warm temperatures in our major markets"- says CEO Michael O’Sullivan

However, co raises annual adjusted EPS forecast to the range of $9.69 to $9.89 from $9.19 to $9.59

Including session moves, stock down 11.75% YTD