Strong Q4 Performance
Burlington reported a 6% increase in comparable store sales for Q4, which was significantly above their guidance of 0% to 2%. This strong performance was attributed to an elevated assortment strategy and nimble response to sales trends.
Significant Sales Growth in 2024
For the full year 2024, Burlington achieved an 11% increase in total sales and a 4% increase in comp store sales, indicating strong overall growth.
Operating Margin Expansion
In 2024, Burlington expanded its operating margin by 100 basis points, driven by higher merchandise margins and supply chain efficiencies.
Successful Store Expansion
Burlington opened 101 net new stores in 2024, contributing to their long-term goal of expanding their store network.
Strong Liquidity Position
The company ended Q4 with approximately $1.8 billion in total liquidity, providing a solid financial position.