Burlington Stores Surpasses Q4 Expectations With 6% Comparable Sales Growth

The off-price retailer credits elevated assortment, nimble trend response, and store expansion for its strong performance.

Burlington Stores reported a 6% increase in comparable sales for Q4 2024, exceeding initial guidance of 0%-2% and analyst expectations.
Quarterly revenue rose 5% year-over-year to $3.28 billion, with adjusted earnings per share (EPS) reaching $4.13, surpassing estimates.
The retailer's strategy included an elevated mix of national brands, improved inventory turnover under its 'Burlington 2.0' initiative, and a focus on value for both core and trade-down customers.
Burlington opened 101 net new stores in 2024 and plans to open 100 net new stores annually through 2026, targeting 500 new locations by 2028.
Despite strong results, CEO Michael O’Sullivan emphasized cautious management for 2025 due to economic and geopolitical uncertainties, while projecting 6%-8% sales growth for the fiscal year.