Burlington Stores Reports Strong Q4 Earnings, Shares Surge 12%

The off-price retailer exceeded sales and profit expectations, driven by store expansion and robust same-store sales growth.

Burlington Stores posted Q4 adjusted earnings per share of $4.13, surpassing analyst estimates of $4.07, with total sales rising 5% to $3.27 billion.
Comparable store sales increased by 6% for the quarter, exceeding the company's guidance of 0% to 2%.
The retailer opened 101 net new stores in 2024 and plans to add 500 more locations between 2024 and 2028 to sustain growth.
Full-year 2024 net income rose 48% to $504 million, with an 11% increase in total sales compared to the prior year.
CEO Michael O’Sullivan highlighted the uncertain economic outlook for 2025 but emphasized the resilience of Burlington’s off-price business model in challenging conditions.