News
- 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 $347 million remaining on its share repurchase program at the end of the period.
The discount retailer guided total sales in the 53-week fiscal year to increase in the range of 12% to 14% including approximately 2% from the 53rd week, reversing a 7% decrease in the previous year. The retailer forecasted comparable store sales to increase in the range of 3% to 5%, on top of the 13% decrease in the previous year.
Mar 2, 2023
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Price
- Last Close
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$ 289.19
1.19 %
+3.39
Jan 3, 2025
- Trading Volume
- 30,012
- 52-Week High/Low
- $279 - $116
- Market Cap Full
- $ 17.2B
- YTD
- 1%
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| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 1.4% | 19.4% | -0.3% | -37.5% | 14.2% | -5% | -3.7% | 8.2% | 14.8% | 31.1% | - |
| Q2 | - | 4.2% | -22.1% | -25.2% | 7.8% | 4% | 9.5% | 13% | -5.5% | 18.6% | - |
| Q3 | - | 2.6% | -14.1% | -17.9% | -7.3% | 8% | 14.4% | 9.1% | 3.8% | 21.5% | - |
| Q4 | - | -2.2% | 46.9% | 81.2% | -2.2% | 26.9% | 16% | 2.1% | 29.9% | 4.6% | - |
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| J | F | M | A | M | J | J | A | S | O | N | D | |
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| 2025 | - | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | -1.7% | 7.3% | 13.2% | -4.5% | - | - | - | - | - | - | - | - |
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| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
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| BURL | 1% | 47% | -4% | -31% | 12% | 15% | 40% | 32% | 45% | 98% | -9% |
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