Burlington Stores FY19 sales jump 9.3% to 7,261 mn

Burlington Stores, an off-price retailer of high-quality branded apparel, has posted 10.5 per cent jump in its fourth quarter (Q4) FY19 sales to $2,201 million compared to $1,991 million in same quarter prior year. Sales in fiscal 2019 that ended on February 1, 2020 grew 9.3 per cent to $7,261 million compared to $6,643 million in previous fiscal.

 

Burlington Stores, an off-price retailer of high-quality branded apparel, has posted 10.5 per cent jump in its fourth quarter (Q4) FY19 sales to $2,201 million compared to $1,991 million in same quarter prior year. Sales in fiscal 2019 that ended on February 1, 2020 grew 9.3 per cent to $7,261 million compared to $6,643 million in previous fiscal.#

Net income increased 12 per cent to $465 million over the prior year period. Selling, general and administrative expenses (SG&A) was reported to $2,228.1 million in FY19 compared to $2,018.7 million prior year. 

 

Burlington Stores, an off-price retailer of high-quality branded apparel, has posted 10.5 per cent jump in its fourth quarter (Q4) FY19 sales to $2,201 million compared to $1,991 million in same quarter prior year. Sales in fiscal 2019 that ended on February 1, 2020 grew 9.3 per cent to $7,261 million compared to $6,643 million in previous fiscal.#

Net income in the reported quarter grew 12 per cent to $206 million compared to $184 million in Q4 FY18. SG&A expenses in Q4 FY19 was $595.3 million (Q4 FY18: $533.1 million). 

 

Burlington Stores, an off-price retailer of high-quality branded apparel, has posted 10.5 per cent jump in its fourth quarter (Q4) FY19 sales to $2,201 million compared to $1,991 million in same quarter prior year. Sales in fiscal 2019 that ended on February 1, 2020 grew 9.3 per cent to $7,261 million compared to $6,643 million in previous fiscal.#

The company in its future outlook for fiscal 2020 expects: total sales to increase in the range of 8-9 per cent, on top of an approximately 9 per cent increase in fiscal 2019; depreciation and amortisation, exclusive of favourable lease costs, to be approximately $235 million; and to open 54 net new stores, and invest approximately $400 million in capital expenditures, net of landlord allowances.