Burlington Stores (BURL) Tops Q4 EPS by 8c; Comps Rise 4.6%
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Burlington Stores, Inc. Announces Fourth Quarter and Fiscal 2016 Results
March 2, 2017 6:45 AM ESTIntroduces Fiscal Year 2017 Outlook
For the Fiscal 2016 Fourth Quarter vs. the Fiscal 2015 Fourth Quarter:
On a GAAP basis, net sales rose 9.4%, net income increased 27.1%, diluted net income per share increased 31.1% to $1.77 and merchandise inventories decreased 10% On a non-GAAP basis Comparable store sales increased 4.6% Adjusted Net Income per Share increased 19.5% to $1.78 and Adjusted EBITDA increased 13.5% to $254.9 million Comparable store inventory decreased 9%For the Fiscal 2016 Year vs. the Fiscal 2015 Year:
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