Core Insights - Burlington Stores, Inc. reported strong performance in the fourth quarter with a 6% increase in comparable store sales, driven by effective strategies and the strength of its off-price business model [2][4][5] - The company achieved an adjusted EBIT margin that exceeded guidance by 60 basis points, and adjusted EPS increased by 12% compared to the previous year [2][4] - For the full fiscal year 2024, total sales grew by 11%, with comparable store sales up by 4%, and adjusted EBIT margin increased by 100 basis points [2][4][5] Financial Performance - Q4 net income reached $261 million, translating to diluted EPS of $4.02, compared to $227 million and $3.53 per share in the same quarter last year [4][21] - For the fiscal year 2024, net income was $504 million, with diluted EPS of $7.80, marking a significant increase from $339 million and $5.23 per share in fiscal 2023 [4][21] - Adjusted EPS for Q4 was $4.13, exceeding guidance of $3.55 to $3.75, while adjusted EPS for the full year was $8.35, a 34% increase from the previous year [4][10] Sales and Margins - Total sales for Q4 were $3,272 million, a 10% increase on a 13-week basis compared to the previous year [5][21] - Gross margin for Q4 was $1,404 million, with a gross margin percentage of 42.9%, reflecting a 30 basis point improvement [5][21] - The company opened 101 net new stores in 2024 and relocated 31 older oversized locations, contributing to overall sales growth [2][4] Inventory and Liquidity - Merchandise inventories increased by 15% year-over-year to $1,251 million, while comparable store inventories decreased by 3% [8] - The company ended Q4 with $1,822 million in liquidity, including $995 million in unrestricted cash [11] Outlook for 2025 - For fiscal year 2025, the company expects total sales to increase by 6% to 8%, with comparable store sales projected to grow by 0% to 2% [12] - Capital expenditures are anticipated to be approximately $950 million, with plans to open around 100 net new stores [12] - Adjusted EPS is expected to range from $8.70 to $9.30, compared to $8.35 in the previous year [12]

Core Viewpoint - Burlington Stores (BURL) is expected to report quarterly earnings of $3.76 per share, a 2.7% increase year-over-year, with revenues projected at $3.26 billion, reflecting a 4.3% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised 2.9% lower in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- Net Sales' at $3.25 billion, representing a 4.2% increase from the previous year [5]. - The 'Revenues- Other revenue' is projected to reach $5.18 million, indicating a year-over-year decline of 2.2% [5]. Store Metrics - The consensus estimate for 'Stores at period end' is 1,108, up from 1,007 in the same quarter last year [5]. Stock Performance - Burlington Stores shares have decreased by 12.2% over the past month, compared to a 1.3% decline in the Zacks S&P 500 composite [6]. - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6].

As Burlington Stores, Inc. (BURL) readies to announce its fourth-quarter fiscal 2024 earnings, investors are closely watching for insights into the company's performance amid a challenging retail landscape. The earnings report, scheduled for release on March 6 before the opening bell, is expected to provide critical indicators of how Burlington Stores has navigated recent economic shifts.The company is anticipated to show a notable increase in its top line. The Zacks Consensus Estimate for revenues is curre ...

Core Insights - Westland Insurance has acquired Youngs Insurance Brokers' West Burlington operation, effective February 21, 2025, enhancing its presence in Ontario [1][2] - Youngs – Burlington West has over 20 years of experience in the Greater Toronto Area, providing tailored insurance solutions [2] - The acquisition aligns with Westland's strategy to expand its operations across Canada, reinforcing its commitment to community and client service [3] Company Overview - Westland Insurance Group is one of Canada's largest and fastest-growing insurance brokers, trading nearly $4 billion in premiums [4] - The company offers expertise across various insurance segments, including commercial, personal, employee benefits, farm, and specialty insurance [4] - Since its founding in 1980, Westland has focused on supporting clients, industry partners, and local communities [4]

Core Viewpoint - Burlington Stores, Inc. is set to release its fourth quarter and fiscal year 2024 results on March 6, 2025, before the U.S. stock market opens, followed by a conference call to discuss the results [1]. Group 1: Financial Performance - For Fiscal 2023, Burlington Stores reported net sales of $9.7 billion [6]. - The company operates 1,103 stores across 46 states, Washington D.C., and Puerto Rico [6]. Group 2: Conference Call Details - The conference call will take place at 8:30 a.m. Eastern Time on March 6, 2025, with a U.S. toll-free dial-in number of 1-800-715-9871 and an international dial-in number of 1-646-307-1963 [2]. - A replay of the conference call will be available starting at 11:30 a.m. ET on March 6, 2025, until March 13, 2025, with specific dial-in numbers for U.S. and international participants [3]. Group 3: Communication Channels - Burlington Stores utilizes SEC filings, press releases, public conference calls, and webcasts to announce material information [4]. - The company encourages stakeholders to review information posted on its website and social media channels for updates on key personnel, new brands, and corporate initiatives [4][5].

Core Insights - Burlington Stores, Inc. (BURL) shares are currently trading 14.9% below their 52-week high of $298.89, reached on November 25, 2024, with a year-over-year stock gain of 28.7%, outperforming the Zacks Retail-Discount Stores industry's growth of 22.8% [1][2] Performance Metrics - BURL's stock has a forward 12-month price-to-sales (P/S) ratio of 1.38, which is lower than the industry average of 1.89 and the sector average of 1.64, indicating potential undervaluation [2] - The Zacks Consensus Estimate for BURL's earnings per share (EPS) has been revised upward to $7.94 for the current fiscal year and $9.26 for the next fiscal year, reflecting year-over-year growth of 31% and 16.7% respectively [12] - The sales estimates for the current and next fiscal years are projected at $10.68 billion and $11.69 billion, indicating year-over-year growth of 9.8% and 9.5% respectively [13] Strategic Initiatives - The Burlington 2.0 strategy focuses on enhancing operational performance and customer value through advanced technologies, including upgraded merchant tools and machine-learning algorithms, which improve inventory management and reduce markdowns [4][5] - The company plans to open 101 new stores by the end of fiscal 2024, with a long-term goal of 500 stores by 2028, contributing to a 10.5% year-over-year increase in total sales for the third quarter of fiscal 2024 [9][10] Operational Efficiency - A new 2-million-square-foot distribution center in Savannah, GA, set to launch in fiscal 2026, will enhance operational efficiency and scalability, allowing BURL to support its growing store network [11] - Store relocations have resulted in a 10% year-over-year sales increase, demonstrating the company's ability to optimize its physical footprint [10] Investment Appeal - BURL's Value Score of B emphasizes its investment attractiveness, supported by positive earnings estimate revisions and a strong growth trajectory [2][16] - The stock is currently rated as Zacks Rank 2 (Buy), indicating favorable conditions for potential investors [16]

Group 1 - Burlington Stores (BURL) has experienced a significant decline of 10.7% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for BURL is currently at 25.13, suggesting that the heavy selling pressure may be exhausting itself [5] - There is a strong consensus among Wall Street analysts that BURL will report better earnings than previously predicted, with a 0.1% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - BURL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]

Core Viewpoint - Burlington Stores, Inc. (BURL) is experiencing strong upward momentum, trading above its 50 and 200-day simple moving averages, indicating positive market sentiment and investor confidence in its financial stability and growth potential [1][2][15]. Performance Metrics - The company's stock closed at $291.90, above its 50-day SMA of $284.56 and 200-day SMA of $249.36, reflecting a continued uptrend [2]. - BURL stock has gained 47.1% over the past year, outperforming the Zacks Retail-Discount Stores industry's growth of 20.2% [4]. - The company reported a 10.5% year-over-year increase in total sales for the third quarter of fiscal 2024 [10]. Strategic Initiatives - Burlington's strategic initiatives, including enhancing merchandising capabilities and optimizing store operations, have contributed to its outperformance against the broader Retail-Wholesale sector and the S&P 500 index, which grew by 31.8% and 24.8% respectively in the past year [5]. - The Burlington 2.0 transformation is focused on integrating advanced technologies to improve operational performance and customer value [8]. Store Expansion Plans - The company plans to open 101 new stores by the end of fiscal 2024, with a long-term goal of 500 stores by 2028 [10][11]. - The new store prototypes are designed to be 25,000 square feet and strategically located in high-traffic areas to enhance customer engagement [10]. Cost Management and Challenges - Adjusted selling, general, and administrative (SG&A) costs increased by 9.2% year over year to $680 million in the fiscal third quarter, primarily due to higher investments in store payroll [13]. - Product sourcing costs rose from $200 million to $210 million, reflecting increased supply-chain costs despite improvements in distribution center productivity [13]. Future Outlook - The upcoming 2-million-square-foot distribution center in Savannah, GA, scheduled to open in fiscal 2026, is expected to enhance operational efficiency and scalability [12]. - Despite rising costs and external challenges, Burlington's focus on efficiency and customer value positions it well for sustained growth in the retail sector [16].

Core Insights - Burlington Stores, Inc. (BURL) is currently trading 3.3% below its 52-week high, with a 49.1% stock gain over the past year, outperforming the Zacks Retail-Discount Stores industry's growth of 22.2% [1][2] Company Performance - The company has achieved a 10.5% increase in total sales in the third quarter of fiscal 2024, supported by a strategic expansion plan targeting 101 net new store openings by the end of fiscal 2024 [10][11] - Adjusted EBITDA for the third quarter rose 30.3% year over year to $228.8 million, with an adjusted EBITDA margin increase of 140 basis points to 9.1% [12] - The gross margin is expected to expand by 60 basis points year over year to 43.1% in fiscal 2024, with a forecasted adjusted EBIT margin increase of 100 basis points [13][15] Strategic Initiatives - Burlington 2.0 transformation is enhancing operational efficiency and customer value through advanced technologies, improving inventory allocation and reducing markdowns [8][9] - The company is set to open a 2-million-square-foot distribution center in Savannah, GA, in fiscal 2026, which will enhance efficiency and scalability [14] Financial Outlook - Total sales for fiscal 2024 are projected to grow by 9-10%, with comparable store sales expected to rise by 2-4% [15] - For the fiscal fourth quarter, total sales growth is anticipated at 5-7%, with adjusted EPS projected at $3.55-$3.75 [17] Challenges - Adjusted selling, general and administrative costs rose 9.2% year over year to $680 million in the fiscal third quarter, driven by higher investments in store payroll [18] - Warmer-than-average temperatures caused a 300-basis-point reduction in comparable store sales, highlighting risks associated with unpredictable climate patterns [19]

It has been about a month since the last earnings report for Burlington Stores (BURL) . Shares have added about 0.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Burlington Stores due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Burlington Stores Q3 Earnings Bea ...