- Burlington Stores (NYSE:NYSE:BURL) reports comparable-store sales rose 5.9% in Q4.
- Gross margin rate improved 20 bps to 42%.
- SG&A expense rate -40 bps to 22.8%.
- Adjusted EBITDA up 14% to $290M (on 13 weeks basis)
- Adjusted EBIT margin rate grew 30 bps to 12.9%.
- Merchandise Inventories advanced 7.3% Y/Y to $753M.
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Q1 Guidance: Net sales: +9.5% to +10.5%; Comparable-store sales: +2% to +3%; Adjusted diluted EPS: $1.05 to $1.09.
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FY2018 Guidance: Net sales: +9% to +10%; Comparable-store sales: +2% to +3%; Adjusted EBITDA margin: +30 bps to +40 bps; D&A: ~$200M; Interest expense: ~$60M; Adjusted EBIT: +20 bps to +30 bps; Tax rate: 23% to 24%; Adjusted diluted EPS: $5.73 to $5.83; Capex: ~$250M; Net new stores: 35 to 40.
- BURL +10.27% premarket.