Burlington Stores (BURL) Misses Q4 EPS by 15c, Revenues In-Line; Provides Q1 & FY20 EPS Outlook

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Go back to Burlington Stores (BURL) Misses Q4 EPS by 15c, Revenues In-Line; Provides Q1 & FY20 EPS Outlook

Burlington Stores, Inc. Reports Fourth Quarter and Fiscal 2019 Results; Introduces Fiscal Year 2020 Outlook

March 5, 2020 6:45 AM EST

On a GAAP basis, for the fiscal 2019 fourth quarter compared with the fiscal 2018 fourth quarter,   --  Total sales rose 10.5%, net income increased 12%, EPS increased 14% to $3.08, and total inventory decreased 19%On a Non-GAAP basis, for the fiscal 2019 fourth quarter compared with the fiscal 2018 fourth quarter,  --  Comparable store sales increased 3.9%  --  Adjusted EPS rose 15% to $3.25, which excludes a $0.04 per share charge for management transition costs  --  Comparable store inventory decreased 15%Introducing outlook... More