Burlington Stores (BURL) Tops Q4 EPS by 32c
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Burlington Stores (NYSE: BURL) reported Q4 EPS of $2.44, $0.32 better than the analyst estimate of $2.12. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $2.08 billion.
- Comparable store sales were flat, reflecting significant improvement in December and January
Given the uncertainty surrounding the pace of the recovery of consumer demand and the ongoing COVID-19 pandemic, the Company is not providing specific sales or earnings guidance for Fiscal 2021 (the 52-weeks ending January 29, 2022) at this time.
The Company is providing the following Fiscal 2021 guidance items:
- Capital expenditures, net of landlord allowances, is expected to be approximately $470 million;
- The Company expects to open 100 new stores, while relocating or closing 25 stores, for a total of 75 net new stores in Fiscal 2021;
- Depreciation & amortization, exclusive of favorable lease costs, is expected to be approximately $260 million;
- Interest expense, net of non-cash interest of $32 million on convertible notes, is expected to be approximately $80 million; and
- The effective tax rate is expected to be approximately 24% to 25%.
For earnings history and earnings-related data on Burlington Stores (BURL) click here.
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