Burlington Stores (BURL) Tops Q4 EPS by 39c, Beats on Revenue; Offers FY24 Guidance

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Go back to Burlington Stores (BURL) Tops Q4 EPS by 39c, Beats on Revenue; Offers FY24 Guidance

Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results

March 7, 2024 6:45 AM EST

On a GAAP 14-week basis, total sales increased 14%, net income was $227 million, and diluted EPS was $3.53On a non-GAAP 13-week basis, excluding certain expenses associated with the acquisition of Bed Bath & Beyond leases (as applicable): Comparable store sales increased 2%, ahead of guidance for -2% to 0%Adjusted EBIT margin increased 110 basis points, well over guidance for an increase of 0 to 40 basis... More