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Burlington Stores releases successful fourth quarter comps, total sales increase 18%

Friday, Mar 4, 2022

Burlington Stores, Inc. has reported fourth quarter comps for fiscal 2021. 

“2021 was a record-breaking year for Burlington. We achieved top-line sales growth of 28% and comp sales growth of 15%. This performance was well ahead of our major competitors. We demonstrated a remarkable ability to chase sales and respond to consumer trends, and we made huge progress on our Burlington 2.0 strategic objectives,” said Michael O’Sullivan, CEO. 

 Q4 Operating Results: 

  • Total sales increased 18% compared to the fourth quarter of Fiscal 2019 to $2,603 million, while comparable store sales increased 6% compared to the fourth quarter of Fiscal 2019.
  • Net income was $122 million, or $1.80 per share vs. $206 million, or $3.08 per share for the fourth quarter of Fiscal 2019. Adjusted Net Income was $171 million, or $2.53 per share vs. $215 million, or $3.21 per share for the fourth quarter of Fiscal 2019.
  • Comparable store sales increased 6%

Full-year Fiscal 2021 results included a total sales increase of 28% compared to 2019. 

Source: Burlington Stores Press Release
Photo Credit: Burlington

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Article Topics: Burlington | Financial Results | Retail

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