Core Insights - Burlington Stores reported revenue of $3.28 billion for the quarter ended January 2025, reflecting a year-over-year increase of 4.8% [1] - The company's EPS was $4.07, up from $3.66 in the same quarter last year, indicating a strong performance [1] - The reported revenue exceeded the Zacks Consensus Estimate of $3.26 billion, resulting in a surprise of +0.49% [1] - Burlington Stores delivered an EPS surprise of +8.24%, with the consensus EPS estimate being $3.76 [1] Key Metrics - Comparable Store Sales increased by 6%, surpassing the estimated 2% by analysts [4] - The number of stores at the end of the period was 1,108, matching the average estimate from four analysts [4] - Net Sales were reported at $3.27 billion, slightly above the average estimate of $3.25 billion from three analysts, representing a year-over-year change of +4.8% [4] - Other revenue was reported at $5 million, which was below the average estimate of $5.18 million, showing a year-over-year decline of -5.6% [4] Stock Performance - Shares of Burlington Stores have returned -11.8% over the past month, compared to a -3.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Burlington Stores (BURL) came out with quarterly earnings of $4.07 per share, beating the Zacks Consensus Estimate of $3.76 per share. This compares to earnings of $3.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.24%. A quarter ago, it was expected that this discount retailer would post earnings of $1.54 per share when it actually produced earnings of $1.55, delivering a surprise of 0.65%.Over the last four quarters, th ...

Burlington Stores reported robust earnings, surpassing expectations on both revenue and earnings metrics.Burlington Stores (BURL 2.90%), a prominent off-price retail company, showcased a strong fourth-quarter performance for 2024, with earnings exceeding analysts' predictions.On March 6, 2025, Burlington reported an adjusted earnings per share (EPS) of $4.13, outperforming expectations of $3.77. The company's revenue was $3.28 billion, surpassing the estimate of $3.24 billion.Burlington's quarterly results ...

Financial Performance - Comparable store sales increased by 6% in Q4 2024, exceeding guidance of 0% to 2%[4] - Q4 net income was $261 million, with diluted EPS of $4.02, compared to $227 million and $3.53 per share in the prior year[4] - Total sales for FY24 increased by 11% to $10.6 billion, with comparable store sales growth of 4%[8] - Adjusted EPS for FY25 is expected to be in the range of $8.70 to $9.30, compared to $8.35 in FY24[16] - Net income for the fiscal year ended February 1, 2025, was $503,639, representing a 48.3% increase from $339,649 in 2024[30] - Diluted net income per share for the fiscal year ended February 1, 2025, was $7.80, compared to $5.23 for the previous year, marking a 49.0% increase[25] - Adjusted Earnings per Share (EPS) for the fiscal year ended February 1, 2025, was $8.17, up from $6.06 in the previous year, indicating a 34.8% growth[39] - Net income for the three months ended February 1, 2025, was $260,767,000, compared to $227,458,000 for the same period in 2024, which is a 14.6% increase[39] Sales and Revenue - Total revenue for the fiscal year ended February 1, 2025, was $9,727,467, up from $9,708,973 in 2024, reflecting a growth of 0.2%[25] - Net sales for the three months ended February 1, 2025, were $3,272,058, an increase of 4.9% compared to $3,121,061 for the same period in 2024[25] Expenses and Liabilities - Total liabilities increased to $7,399,917 as of February 1, 2025, compared to $6,709,908 as of February 3, 2024, indicating a rise of 10.3%[28] - The company incurred $880,384 in cash paid for property and equipment during the fiscal year ended February 1, 2025, compared to $492,644 in 2024[30] - Adjusted SG&A for the fiscal year ended February 1, 2025, was $2,732,929,000, compared to $2,491,266,000 in 2024, marking a 9.7% increase[39] Inventory and Assets - Merchandise inventories at the end of FY24 were $1,251 million, a 15% increase from the previous year[9] - Total assets increased to $8,770,413 as of February 1, 2025, compared to $7,706,840 as of February 3, 2024, reflecting a growth of 13.8%[28] Future Outlook - The company expects total sales to increase by 6% to 8% in FY25, with comparable store sales projected to grow by 0% to 2%[13] - Capital expenditures for FY25 are estimated to be approximately $950 million[13] - The company plans to continue its growth strategy through market expansion and new product development, although specific figures were not disclosed in the call[25] Tax and Interest - The Company's effective tax rate on a GAAP basis for the three months ended February 1, 2025, was 25.0%, down from 27.5% in the same period of 2024[40] - The adjusted effective tax rate for the fiscal year ended February 1, 2025, was 25.4%, consistent with the previous year[40] - The Company reported interest expense of $18,522,000 for the three months ended February 1, 2025, down from $19,829,000 in the same period of 2024[39] Adjusted Metrics - Adjusted EBIT margin for FY24 was 7.2%, an increase of 100 basis points compared to FY23[4] - Adjusted EBITDA for the three months ended February 1, 2025, was $451,002,000, compared to $414,414,000 for the same period in 2024, reflecting an increase of 8.8%[39] - Adjusted Net Income for the three months ended February 1, 2025, was $263,743,000, compared to $235,682,000 for the same period in 2024, representing a 11.9% increase[39] Store Operations - The company opened 101 net new stores in FY24 and relocated 31 older oversized locations[3] - The company ended Q4 2024 with $1,822 million in liquidity, including $995 million in unrestricted cash[12]

Core Insights - Burlington Stores, Inc. reported strong performance in the fourth quarter with a 6% increase in comparable store sales, driven by effective strategies and the strength of its off-price business model [2][4][5] - The company achieved an adjusted EBIT margin that exceeded guidance by 60 basis points, and adjusted EPS increased by 12% compared to the previous year [2][4] - For the full fiscal year 2024, total sales grew by 11%, with comparable store sales up by 4%, and adjusted EBIT margin increased by 100 basis points [2][4][5] Financial Performance - Q4 net income reached $261 million, translating to diluted EPS of $4.02, compared to $227 million and $3.53 per share in the same quarter last year [4][21] - For the fiscal year 2024, net income was $504 million, with diluted EPS of $7.80, marking a significant increase from $339 million and $5.23 per share in fiscal 2023 [4][21] - Adjusted EPS for Q4 was $4.13, exceeding guidance of $3.55 to $3.75, while adjusted EPS for the full year was $8.35, a 34% increase from the previous year [4][10] Sales and Margins - Total sales for Q4 were $3,272 million, a 10% increase on a 13-week basis compared to the previous year [5][21] - Gross margin for Q4 was $1,404 million, with a gross margin percentage of 42.9%, reflecting a 30 basis point improvement [5][21] - The company opened 101 net new stores in 2024 and relocated 31 older oversized locations, contributing to overall sales growth [2][4] Inventory and Liquidity - Merchandise inventories increased by 15% year-over-year to $1,251 million, while comparable store inventories decreased by 3% [8] - The company ended Q4 with $1,822 million in liquidity, including $995 million in unrestricted cash [11] Outlook for 2025 - For fiscal year 2025, the company expects total sales to increase by 6% to 8%, with comparable store sales projected to grow by 0% to 2% [12] - Capital expenditures are anticipated to be approximately $950 million, with plans to open around 100 net new stores [12] - Adjusted EPS is expected to range from $8.70 to $9.30, compared to $8.35 in the previous year [12]

Core Viewpoint - Burlington Stores (BURL) is expected to report quarterly earnings of $3.76 per share, a 2.7% increase year-over-year, with revenues projected at $3.26 billion, reflecting a 4.3% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised 2.9% lower in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- Net Sales' at $3.25 billion, representing a 4.2% increase from the previous year [5]. - The 'Revenues- Other revenue' is projected to reach $5.18 million, indicating a year-over-year decline of 2.2% [5]. Store Metrics - The consensus estimate for 'Stores at period end' is 1,108, up from 1,007 in the same quarter last year [5]. Stock Performance - Burlington Stores shares have decreased by 12.2% over the past month, compared to a 1.3% decline in the Zacks S&P 500 composite [6]. - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6].

As Burlington Stores, Inc. (BURL) readies to announce its fourth-quarter fiscal 2024 earnings, investors are closely watching for insights into the company's performance amid a challenging retail landscape. The earnings report, scheduled for release on March 6 before the opening bell, is expected to provide critical indicators of how Burlington Stores has navigated recent economic shifts.The company is anticipated to show a notable increase in its top line. The Zacks Consensus Estimate for revenues is curre ...

Core Insights - Westland Insurance has acquired Youngs Insurance Brokers' West Burlington operation, effective February 21, 2025, enhancing its presence in Ontario [1][2] - Youngs – Burlington West has over 20 years of experience in the Greater Toronto Area, providing tailored insurance solutions [2] - The acquisition aligns with Westland's strategy to expand its operations across Canada, reinforcing its commitment to community and client service [3] Company Overview - Westland Insurance Group is one of Canada's largest and fastest-growing insurance brokers, trading nearly $4 billion in premiums [4] - The company offers expertise across various insurance segments, including commercial, personal, employee benefits, farm, and specialty insurance [4] - Since its founding in 1980, Westland has focused on supporting clients, industry partners, and local communities [4]

BURLINGTON, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, will release its fourth quarter and fiscal year 2024 results before the U.S. stock market opens on Thursday, March 6, 2025. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day. The U.S. toll free dial-in for the conferen ...

Core Insights - Burlington Stores, Inc. (BURL) shares are currently trading 14.9% below their 52-week high of $298.89, reached on November 25, 2024, with a year-over-year stock gain of 28.7%, outperforming the Zacks Retail-Discount Stores industry's growth of 22.8% [1][2] Performance Metrics - BURL's stock has a forward 12-month price-to-sales (P/S) ratio of 1.38, which is lower than the industry average of 1.89 and the sector average of 1.64, indicating potential undervaluation [2] - The Zacks Consensus Estimate for BURL's earnings per share (EPS) has been revised upward to $7.94 for the current fiscal year and $9.26 for the next fiscal year, reflecting year-over-year growth of 31% and 16.7% respectively [12] - The sales estimates for the current and next fiscal years are projected at $10.68 billion and $11.69 billion, indicating year-over-year growth of 9.8% and 9.5% respectively [13] Strategic Initiatives - The Burlington 2.0 strategy focuses on enhancing operational performance and customer value through advanced technologies, including upgraded merchant tools and machine-learning algorithms, which improve inventory management and reduce markdowns [4][5] - The company plans to open 101 new stores by the end of fiscal 2024, with a long-term goal of 500 stores by 2028, contributing to a 10.5% year-over-year increase in total sales for the third quarter of fiscal 2024 [9][10] Operational Efficiency - A new 2-million-square-foot distribution center in Savannah, GA, set to launch in fiscal 2026, will enhance operational efficiency and scalability, allowing BURL to support its growing store network [11] - Store relocations have resulted in a 10% year-over-year sales increase, demonstrating the company's ability to optimize its physical footprint [10] Investment Appeal - BURL's Value Score of B emphasizes its investment attractiveness, supported by positive earnings estimate revisions and a strong growth trajectory [2][16] - The stock is currently rated as Zacks Rank 2 (Buy), indicating favorable conditions for potential investors [16]