Adjusted EBITDA increased 2.2%, or $4.2 million, to $194.8 million from last year. Sales growth along with gross margin expansion more than offset the increase in the Company’s incentive compensation accruals noted above. The 14th week included in the fourth quarter last year resulted in incremental Adjusted EBITDA of $0.5 million. Depreciation and amortization expense, exclusive of net favorable lease amortization, decreased $0.9 million to $35.1 million.
Burlington Stores, Inc., a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced its results #
Interest Expense decreased $2.0 million from last year driven primarily by interest savings on the Company’s Term Loan as a result of the May 2013 Term Loan refinancing, partially offset by incremental interest associated with the Company’s Holdco Notes issued in February 2013.
Burlington Stores, Inc., a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced its results #
Adjusted tax expense was $51.3 million vs. $42.8 million last year. The adjusted effective tax rate was 38.8% vs. 34.2% last year. The increase in the rate is the result of incremental tax credits recorded last year.
Burlington Stores, Inc., a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced its results #
Adjusted Net Income was $81.0 million vs. $82.4 million last year, or $1.07 per pro forma diluted share vs. $1.15 last year. The pro forma number of fully diluted shares was 75.4 million vs. 71.9 million last year.
Burlington Stores, Inc., a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, announced its results #
Burlington Stores
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