Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results
BURLBurlington Stores(BURL) Newsfilter·2024-03-07 19:45

On a GAAP 14-week basis, total sales increased 14%, net income was 227million,anddilutedEPSwas227 million, and diluted EPS was 3.53 On a non-GAAP 13-week basis, excluding certain expenses associated with the acquisition of Bed Bath & Beyond leases (as applicable): Comparable store sales increased 2%, ahead of guidance for -2% to 0% Adjusted EBIT margin increased 110 basis points, well over guidance for an increase of 0 to 40 basis points Adjusted EPS increased 25% to 3.69,wellaboveguidanceof3.69, well above guidance of 3.10 to $3.25 On a GAAP 53-week ba ...