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Feb 01, 2025
Burlington Q4 2024 Earnings Report
Burlington reported strong Q4 2024 results, with a 10% sales increase and 6% comparable store sales growth.
Key Takeaways
Burlington Stores reported Q4 2024 revenue of $3.27 billion, a 10% increase on a 13-week basis. Comparable store sales grew 6%, exceeding guidance. Net income rose to $261 million, with diluted EPS of $4.02, while Adjusted EPS was $4.13, a 12% increase. Gross margin improved to 42.9% due to higher merchandise margin and lower freight costs. The company ended the quarter with $994 million in cash and repurchased 218,443 shares for $61 million.
Total sales increased 10% on a 13-week basis to $3.27 billion.
Comparable store sales rose 6%, exceeding guidance of 0% to 2%.
Adjusted EPS increased 12% to $4.13, driven by higher sales and margin expansion.
The company repurchased 218,443 shares for $61 million in Q4.
Forward Guidance
Burlington expects continued sales growth in FY 2025, targeting a 6% to 8% increase in total sales and 0% to 2% comparable store sales growth. The company plans to open 100 new stores and increase Adjusted EBIT margin by up to 30 basis points.
Positive Outlook
- Total sales expected to increase by 6% to 8% in FY 2025.
- Comparable store sales projected to grow 0% to 2%.
- Plan to open approximately 100 net new stores.
- Capital expenditures expected to be around $950 million.
- Adjusted EPS projected between $8.70 and $9.30.
Challenges Ahead
- Uncertain macroeconomic environment could impact consumer demand.
- Adjusted EBIT margin increase expected to be modest (0 to 30 basis points).
- SG&A expenses may rise due to store expansions and strategic investments.
- Higher capital expenditures may impact near-term free cash flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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