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.