1244 ET - Burlington Stores got a big piece of its outsized sales growth in 4Q from middle- and upper-income customers trading down from more expensive outlets, CEO Michael O'Sullivan says on a call with analysts. Lower-income shoppers continued to be a driver of growth, but stores in moderate- and higher-income trade areas also delivered healthy comparable sales growth, and items Burlington sold during the quarter had a higher price on average than they did a year ago, he says. The strongest growth rates in 4Q were on sales of items in price buckets that were well above Burlington's average, the CEO says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 12:44 ET (17:44 GMT)
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