earnings
confidence high
sentiment neutral
materiality 0.85
Burlington Stores Q4 sales +18% vs FY2019, comp +6%; adj EPS $2.53
Burlington Stores, Inc.
2021-FY EPS reported
$6.00
revenue$9,322,256,000
- Net income $122M ($1.80 diluted EPS); adjusted EPS $2.53 vs $3.21 in FY2019.
- Full-year FY2021 total sales +28%, comp store sales +15%; adjusted EPS $8.41 vs $7.35.
- Gross margin rate declined 230bps to 39.8% due to 260bps of higher freight costs.
- No FY2022 sales/earnings guidance; capex ~$725M; plans 120 new stores (90 net).
- Repurchased $100M in stock and $109M in convertible notes in Q4; new $500M buyback authorized.