Burlington Stores (BURL) Q4 Revenue Tops Views, Comps Increase 5.9%
Burlington Stores (NYSE: BURL) reported Q4 EPS of $3.59, $1.49 better than the analyst estimate of $2.10. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.89 billion.
- 5.9% increase in comparable store sales
Burlington Stores sees Q1 2018 EPS of $1.05-$1.09, versus the consensus of $1.00.
- Total sales to increase in the range of 9.5% to 10.5%;
- Comparable store sales to increase in the range of 2% to 3%; and
- Adjusted EPS in the range of $1.05 to $1.09, as compared to $0.79 last year. Excluding the estimated benefit of the 2017 Tax Reform and the accounting change for stock based compensation, the Company expects Adjusted EPS growth to be in the range of 16% to 21%.
For the full Fiscal Year 2018, the Company expects:
- Total sales growth in the range of 9% to 10% compared to Fiscal 2017, excluding the 53rd week;
- Comparable store sales to increase in the range of 2% to 3% on top of last year’s 3.4% increase;
- Adjusted EBITDA margin expansion of 30 to 40 basis points;
- Depreciation and amortization, exclusive of favorable lease amortization, to be approximately $200 million;
- Adjusted EBIT margin expansion of 20 to 30 basis points;
- Interest expense of approximately $60 million;
- An effective tax rate of 23% to 24%;
- To open 35 to 40 net new stores, and invest Net Capital Expenditures of approximately $250 million; and
- Adjusted EPS in the range of $5.73 to $5.83. The Company expects Adjusted EPS excluding the estimated impact of the 2017 Tax Reform and the accounting for stock based compensation to be in the range of $4.71 to $4.81, representing an increase of 14% to 16% over the comparable 52 week 2017 Adjusted EPS of $4.14.
For earnings history and earnings-related data on Burlington Stores (BURL) click here.