Burlington Stores Q4 Beats Street, Sees Higher FY25 Results; Stock Up In Pre-market

(RTTNews) - Department store retailer Burlington Stores, Inc. (BURL), while reporting higher fourth-quarter results above market estimates, on Thursday issued outlook for first quarter and fiscal 2025.

In pre-market activity on the NYSE, Burlington Stores shares were gaining around 13.5 percent to trade at $269.

For the first quarter, the company expects adjusted earnings per share in the range of $1.30 to $1.45, as compared to $1.42 last year.

Total sales is expected to increase in the range of 5 percent to 7 percent, assuming comparable store sales to be flattish versus the same period last year.

The Wall Street analysts on average expect the company to report earnings of $1.69 per share on sales growth of 10.27 percent. Analysts' estimates typically exclude special items.

Further, for fiscal 2025, adjusted earnings per share is projected in the range of $8.70 to $9.30, as compared to $8.35 last year. Analysts expect earnings of $9.43 per share for the year.

Total sales would increase in the range of 6 percent to 8 percent on top of the 11 percent increase a year ago. This assumes comparable store sales will increase in the range of 0 percent to 2 percent, on top of the 4 percent increase last year.

In its fourth quarter, Burlington Stores' bottom line totaled $260.77 million or $4.02 per share, compared with $227.46 million or $3.53 per share last year.

Adjusted earnings were $263.74 million or $4.07 per share for the period. Analysts had expected the company to earn $3.77 per share.

The company's sales for the period rose 4.8 percent to $3.277 billion from $3.126 billion last year. The Street was looking for sales of $3.24 billion.

On a 13-week basis, total sales increased 10 percent, while comparable store sales increased 6 percent.

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