Burlington Stores, Inc. Reports Fourth Quarter and Fiscal 2019 Results; Introduces Fiscal Year 2020 Outlook
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Burlington Stores (BURL) Misses Q4 EPS by 15c, Revenues In-Line; Provides Q1 & FY20 EPS Outlook
March 5, 2020 6:48 AM ESTBurlington Stores (NYSE: BURL) reported Q4 EPS of $3.08, $0.15 worse than the analyst estimate of $3.23. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.2 billion.
Fiscal 2019 Fourth Quarter Operating Results (for the 13 week period ended February 1, 2020 compared with the 13 week period ended February 2, 2019)
Total sales increased 10.5% to $2,201 million, while comparable store sales increased 3.9%. New and non-comparable stores contributed an incremental $151 million in sales during the quarter. Gross margin rate increased 20 basis points to 42.1%. Merchandise margin increased 40 basis points, which was partially offset by an increase in freight... More