Burlington Stores, Inc. announced its fourth quarter and full year fiscal 2024 results on March 6, 2025, reporting a 6% increase in comparable store sales for Q4. This growth was attributed to deliberate strategies executed by the company's merchandising, supply chain, and store teams, demonstrating the merits of the 'Burlington 2.0' strategy.
For the full Fiscal Year 2024, total sales increased 11%, comparable store sales increased 4%, and Adjusted EBIT Margin expanded by 100 basis points. The company opened 101 net new stores and relocated 31 older, larger locations during the year, contributing to its Fiscal 2024 net sales of $10.6 billion.
Burlington provided its outlook for Fiscal Year 2025, projecting total sales growth of 6% to 8% and comparable store sales growth of 0% to 2%. Adjusted EBIT Margin is expected to be flat to an increase of 30 basis points, with Adjusted EPS forecast between $8.70 and $9.30. For the first quarter of Fiscal 2025, the company anticipates total sales growth of 5% to 7% and comparable store sales growth of 0% to 2%, with Adjusted EPS between $1.20 and $1.30.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.