<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Burlington Stores Inc. (NYSE: BURL), a nationally recognized off-price retailer, reported robust results for the <a aria-label="fourth quarter and full fiscal year 2023 (opens in a new tab)" href="https://www.burlingtoninvestors.com/news-releases/news-release-details/burlington-stores-inc-reports-fourth-quarter-and-full-year-2023" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">fourth quarter and full fiscal year 2023</a>, surpassing expectations and showcasing a strong financial outlook. </p> 
<p>Burlington Stores Inc. showcased a remarkable performance in the fourth quarter of 2023, with total sales increasing by 14% on a GAAP 14-week basis, net income reaching $227 million, and diluted EPS at $3.53. On a non-GAAP 13-week basis, notable achievements include a 2% increase in comparable store sales, surpassing the -2% to 0% guidance, and a significant 110 basis point increase in adjusted EBIT margin, well over the anticipated 0 to 40 basis points. The adjusted EPS saw a 25% increase to $3.69, far exceeding the forecasted range of $3.10 to $3.25.</p> 
<h3 id="performance-against-expectations">Performance Against Expectations</h3> 
<p>Compared to expectations, Burlington Stores significantly outperformed with its fourth-quarter results. Analysts had forecasted an <a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="dofollow" class="deco-link">EPS </a>of $3.3 and revenue expectations of $3.06 billion. The company surpassed these expectations with an adjusted EPS of $3.69 and demonstrated robust sales growth, with total sales reaching $3.121 billion on a 14-week GAAP basis. These results highlight Burlington’s strong operational execution and market positioning, even in a competitive retail landscape.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="guidance">Guidance</h3> 
<p>Burlington Stores has set an optimistic outlook for fiscal year 2024. The company forecasts an adjusted EPS range of $7.00 to $7.60, indicating a 12% to 22% increase over the fiscal year 2023 on a 52-week basis. This guidance reflects Burlington’s confidence in its business strategy and ability to navigate market uncertainties. The projected growth factors are the potential impacts from the acquisition of Bed Bath &amp; Beyond leases, excluding certain related expenses.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/burlington-stores-burl-surpasses-expectations-with-a-25-increase-in-adjusted-eps/">Burlington Stores (BURL) Surpasses Expectations with a 25% Increase in Adjusted EPS</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Burlington Stores (BURL) Surpasses Expectations with a 25% Increase in Adjusted EPS

목차

Tokenist

2024년 3월 7일에 게재된 다른 기사

Exploring Aevo Exchange: A New Hub for Crypto Derivatives Trading

Hong Kong’s Financial Leap with Wholesale CBDC for Token Market

Analis Ini Melihat Kesempatan Terakhir untuk Beli XRP Diharga Murah, Dibawah US$1

The Impact of Technology on Customer Service Budgets: Navigating the Era of AI

Bitcoin Long-Term Investors Begin to Sell?

Key Cryptocurrency to Buy Before Altcoin Rally – Top Choice

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!