Burlington Stores Tops Q4 Estimates, Offers Upbeat EPS Guidance

Overview

• Burlington reported fourth-quarter GAAP EPS of $4.84 on revenue of $3.65 billion, beating Zacks estimates of $4.70 and $3.58 billion.
• Total sales rose 11% year over year and comparable store sales increased about 4% in the quarter.
• Adjusted EPS topped expectations as adjusted EBIT margin expanded roughly 100 basis points and SG&A decreased about 40 basis points as a share of sales.
• For the year, net income was $610.2 million on revenue of $11.57 billion, with adjusted EPS up about 22% to $10.17.
• The company guided EPS to $1.60–$1.75 for Q1 and $10.95–$11.45 for the full year, reported roughly $2.16 billion in liquidity against about $2.08 billion of debt, and repurchased approximately $59 million of shares in Q4.