Burlington Stores, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 07, 2024 at 06:48 am EST
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Burlington Stores, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 3,121.06 million compared to USD 2,739.09 million a year ago. Revenue was USD 3,126.36 million compared to USD 2,744.28 million a year ago. Net income was USD 227.46 million compared to USD 185.2 million a year ago. Diluted earnings per share from continuing operations was USD 3.53 compared to USD 2.83 a year ago.
For the full year, sales was USD 9,708.97 million compared to USD 8,684.55 million a year ago. Revenue was USD 9,727.47 million compared to USD 8,702.6 million a year ago. Net income was USD 339.65 million compared to USD 230.12 million a year ago. Diluted earnings per share from continuing operations was USD 5.23 compared to USD 3.49 a year ago.
Burlington Stores, Inc. is an off-price retailer of branded apparel, footwear, accessories, and merchandise for the home at everyday low prices. The Companyâs stores offer an extensive selection of in-season, fashion-focused merchandise, including womenâs ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. It has five distribution centers. Its two east coast distribution centers are located in Edgewater Park, New Jersey and Burlington, New Jersey. Its three west coast distribution centers are located in San Bernardino, California, Redlands, California, and Riverside, California. These five distribution centers occupy an aggregate of about 4,106,000 square feet, and each includes processing, shipping, and storage capabilities. In addition to the distribution centers, it has arrangements with third parties for the use of pool point facilities. It operates about 1007 stores, principally under the name Burlington Stores.