Burlington Stores reports Q4 adjusted EPS $4.13, consensus $3.77

Reports Q4 revenue $3.27B, consensus $3.24B. Q4 comparable store sales growth was 6% vs. guidance of 0% to 2%. CEO Michael O’Sullivan stated, “We are pleased with our strong performance in Q4. Comparable store sales increased 6%. This growth was driven by deliberate strategies that were well executed by our merchants, supply chain and stores teams…Adjusted EBIT Margin was 60 basis points above the high end of our guidance, while Adjusted EPS increased 12% versus Q4 last year. This performance was driven by ahead of plan sales, an increase in gross margin, and better than expected progress in our supply chain initiatives. Taking 2024 as a whole, total sales increased 11%, comparable store sales increased 4%, and Adjusted EBIT Margin increased 100 basis points. We opened 101 net new stores in 2024 and relocated 31 of our older oversized locations. We are very pleased with all these metrics. The outlook for 2025 is very uncertain and we will plan and manage our business accordingly. That said, this is the kind of environment where the off-price model is at its best…This approach served us well in 2024 and we hope for the same in 2025.”