Burlington Stores Q4 comps +2% (guidance -2%-0%); adj EPS $3.69 beat; FY24 guide $7.00-$7.60

Burlington Stores, Inc.

2023-FY EPS reported $5.23 revenue$9,727,467,000

Q4 13-week comp store sales +2% (guidance -2%-0%); adjusted EPS $3.69 vs guidance $3.10-$3.25.
Full year 52-week adjusted EPS $6.24 (+46% YoY); adjusted EBIT margin +130 bps; total sales +10%.
FY24 guidance: adj EPS $7.00-$7.60 (+12%-22%); comp store sales 0%-2%; ~100 net new stores.
Q4 repurchased 605,311 shares for $103M; $500M remaining in authorization through Aug 2025.
Bed Bath & Beyond lease acquisition expenses $18M in FY23, expected $9M in FY24.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burlington Stores, Inc. updated its the fourth quarter and fiscal year ended February 3, 2024 guidance (initiated).

Period: the fourth quarter and fiscal year ended February 3, 2024
Guidance: initiated
Result: reported results

Exact text from the filing

On March 7, 2024, Burlington Stores, Inc. issued a press release announcing its operating results for the fourth quarter and fiscal year ended February 3, 2024.

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Burlington Stores, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-027578

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