Burlington Stores, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 30, 2021
November 23, 2021 at 04:18 pm EST
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Burlington Stores, Inc. reported earnings results for the third quarter and nine months ended October 30, 2021. For the third quarter, the company reported sales was USD 2,299.61 million compared to USD 1,664.73 million a year ago. Revenue was USD 2,304.04 million compared to USD 1,667.24 million a year ago. Net income was USD 13.62 million compared to USD 8.02 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.12 a year ago.
For the nine months, sales was USD 6,703.09 million compared to USD 3,472.61 million a year ago. Revenue was USD 6,713.25 million compared to USD 3,481.09 million a year ago. Net income was USD 287.2 million compared to net loss of USD 372.49 million a year ago. Basic earnings per share from continuing operations was USD 4.31 compared to basic loss per share from continuing operations of USD 5.66 a year ago. Diluted earnings per share from continuing operations was USD 4.21 compared to diluted loss per share from continuing operations of USD 5.66 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.