Burlington Stores (BURL) Misses Q4 EPS by 15c, Revenues In-Line; Provides Q1 & FY20 EPS Outlook
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Burlington Stores, Inc. Reports Fourth Quarter and Fiscal 2019 Results; Introduces Fiscal Year 2020 Outlook
March 5, 2020 6:45 AM ESTOn 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
