Burlington Stores Q4 adj. EPS up 22% to $2.17; FactSet consensus $2.10

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Burlington Stores’ stock surges after profit exceeds expectations, upbeat outlook

Shares of Burlington Stores Inc. surged 3.4% in premarket trade Thursday, after the off-price apparel retailer beat fiscal fourth-quarter profit and same-store sales expectations and provided an upbeat outlook, although revenue came up shy. Net income for quarter to Feb. 3 rose to $240.7 million, or $3.47 a share, from $125.6 million, or $1.77 a share, in the same period a year ago. Excluding non-recurring items, such as the benefit of recent tax legislation, adjusted earnings per share came to $2.17, above the FactSet consensus of $2.10. Total revenue rose to $1.94 billion from $1.69 billion, below the FactSet consensus of $2.10 billion, but same-store sales growth of 5.9% beat expectations of a 3.1% rise. For the first quarter, the company expects adjusted EPS of $1.05 to $1.09, above the FactSet consensus of 99 cents, and sales growth of 9.5% to 10.5%; the FactSet revenue consensus of $1.46 billion implies 8.5% growth. The stock has gained 2.8% over the last three months, matching the gain in the S&P 500 .

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply