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Burlington's off-price model fuels sales growth
Burlington Stores Credits: Burlington Stores, Facebook Burlington Stores reported a 5 percent increase in fourth-quarter sales to 3.3 billion dollars, driven by a 6 percent rise in comparable store sales, reflecting strong demand for its off-price model. The company’s net income grew to 267 million dollars or 4.13 dollars per share, while EBITDA increased to 456 million dollars and EBIT to 364 million dollars. For the full fiscal year, sales climbed 9 percent, with net income surging 48 percent to 504 million dollars or 7.80 dollars per share, underscoring the strength of Burlington’s value-driven offering. Looking ahead to fiscal 2025, Burlington anticipates sales growth between 6 percent to 8 percent, with comparable store sales increasing up to 2 percent. Expressing satisfaction with the company’s performance, CEO Michael O’Sullivan credited the growth to effective execution by the company’s merchants, supply chain, and store teams, emphasising the benefits of Burlington 2.0 and the off-price business model. Acknowledging an uncertain macroeconomic environment for 2025, O’Sullivan highlighted the resilience of the off-price model, stating: “This is the kind of environment where the off-price model is at its best.” The company plans to open approximately 100 net new stores in fiscal 2025, with expectations of adjusted EBIT margin improving by up to 30 basis points and earnings per share (EPS) projected between 8.70 dollars to 9.30 dollars. For the first quarter of fiscal 2025, Burlington forecasts sales growth of 5 percent to 7 percent, with comparable store sales remaining relatively flat. The company anticipates a decline in EBIT margin by 50 to 90 basis points and expects EPS in the range of 1.30 dollars to 1.45 dollars.
Burlington Stores reported a 5 percent increase in fourth-quarter sales to 3.3 billion dollars, driven by a 6 percent rise in comparable store sales, reflecting strong demand for its off-price model. The company’s net income grew to 267 million dollars or 4.13 dollars per share, while EBITDA increased to 456 million dollars and EBIT to 364 million dollars.
For the full fiscal year, sales climbed 9 percent, with net income surging 48 percent to 504 million dollars or 7.80 dollars per share, underscoring the strength of Burlington’s value-driven offering.
Looking ahead to fiscal 2025, Burlington anticipates sales growth between 6 percent to 8 percent, with comparable store sales increasing up to 2 percent.
Expressing satisfaction with the company’s performance, CEO Michael O’Sullivan credited the growth to effective execution by the company’s merchants, supply chain, and store teams, emphasising the benefits of Burlington 2.0 and the off-price business model.
Acknowledging an uncertain macroeconomic environment for 2025, O’Sullivan highlighted the resilience of the off-price model, stating: “This is the kind of environment where the off-price model is at its best.”
The company plans to open approximately 100 net new stores in fiscal 2025, with expectations of adjusted EBIT margin improving by up to 30 basis points and earnings per share (EPS) projected between 8.70 dollars to 9.30 dollars.
For the first quarter of fiscal 2025, Burlington forecasts sales growth of 5 percent to 7 percent, with comparable store sales remaining relatively flat. The company anticipates a decline in EBIT margin by 50 to 90 basis points and expects EPS in the range of 1.30 dollars to 1.45 dollars.
