Burlington Stores Inc
- Burlington Stores soared 20% to $165.06 after the discount retailer reported strong quarterly results, and comparable store sales rose 6% from a year ago.
Revenue in the third quarter increased 12% to $2.28 billion from $2.04 billion, net income advanced to $48.55 million from $16.78 million, and diluted earnings per share rose to 75 cents from 26 cents a year ago.
Total merchandise inventories declined 8% to $1.32 billion from $1.45 billion, but store-level inventories rose 2%.
During the third quarter, the company repurchased 348,948 shares of its common stock for $52 million, and $78 million were still available in the stock repurchase plan.
For the fiscal fourth quarter, the retailer is estimating total sales to increase between 5% and 7% and comparable sales to fall in the range between a decline of 2% and zero.
The company estimated total sales in fiscal year 2024 to increase 11%, including a 2% increase because of the 53rd week, and adjusted earnings per share in the range of $5.52 and $5.67, including 20 cents of expected incremental expenses related to the recently acquired Bed Bath & Beyond leases.
Nov 22, 2023 - Burlington Stores said revenue in the fourth quarter increased 5% to $2.7 billion and comparable sales decreased 2%. Net income increased to $185 million from $122 million and diluted earnings per share rose to $2.83 from $1.80 a year ago.
Revenue in the full-year 2022 decreased 7% to $8.7 billion from $9.3 billion and net income declined 44% to $230 million from $408.8 million and diluted earnings per share fell to $3.49 from $6.0 in the previous year.
During the fourth quarter the company repurchased 275,029 shares of its common stock for $51 million and had $347 million remaining on its share repurchase program at the end of the period.
The discount retailer guided total sales in the 53-week fiscal year to increase in the range of 12% to 14% including approximately 2% from the 53rd week, reversing a 7% decrease in the previous year. The retailer forecasted comparable store sales to increase in the range of 3% to 5%, on top of the 13% decrease in the previous year.
Mar 2, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.81 | 0.50 | 0.47 | 0.75 | - | |
| 2022 | 1.79 | 0.24 | 0.18 | 0.26 | 3.49 | |
| 2021 | 2.4 | 2.51 | 1.5 | 0.2 | 6 | |
| 2020 | 3.06 | -5.09 | -0.71 | 0.12 | -3.28 | |
| 2019 | 2.69 | 1.15 | 1.26 | 1.44 | 6.91 | |
| 2018 | 3.44 | 1.2 | 1.03 | 1.12 | 6.04 | |
| 2017 | 1.78 | 0.73 | 0.72 | 0.70 | 3.93 | |
| 2016 | 1.49 | 0.57 | 0.39 | 0.50 | 2.95 | |
| 2015 | 1.43 | 0.41 | 0.19 | 0.25 | 2.28 | |
| 2014 | 0.16 | -0.09 | -0.46 | 0.18 | -0.25 | |
| 2013 | -0.09 | -0.22 | -0.12 | 0.00 | -0.27 | |
| 2012 | - | - | -0.09 | 0.00 | -0.28 | |
| 2011 | - | - | - | 0.00 | -1.49 |