earnings
confidence high
sentiment neutral
materiality 0.70
Burlington Q3 sales up 30% to $2.3B; adj EPS $1.36 vs $1.53 in 2019; debt extinguishment charge $1.22/share
Burlington Stores, Inc.
2021-Q3 EPS reported
$4.21
revenue$6,713,248,000
- Total sales $2,300M (+30% vs Q3 2019); comp store sales +16%.
- GAAP net income $14M ($0.20 diluted EPS); includes $86M debt extinguishment charge ($1.22/share).
- Adjusted EPS $1.36 vs $1.53 in Q3 2019; gross margin down 100bps to 41.4% on freight headwinds.
- Repurchased $160M principal of 2.25% Convertible Notes for $242M ($91M cash + $151M stock).
- No formal FY2021 guidance; expects 101 new store openings; capex ~$425M.