Burlington Stores (BURL) Tops Q4 EPS by 8c; Comps Rise 4.6%

Burlington Stores (NYSE: BURL) reported Q4 EPS of $1.78, $0.08 better than the analyst estimate of $1.70. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.66 billion.

Comparable store sales increased 4.6%. Comparable store inventory decreased 9%.

Tom Kingsbury, Chief Executive Officer stated, “We are very pleased that we ended the year on a high note, continuing our favorable momentum from the first three quarters of 2016. For the year, we delivered 9.2% total sales growth, a 100 basis point expansion in Adjusted EBITDA margin rate, and a 40% increase in Adjusted Net Income per Share. In addition, we ended the year with reductions in both comparable store and aged inventories. I want to thank our entire organization for their contributions to our strong results.”

For earnings history and earnings-related data on Burlington Stores (BURL) click here.

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