Burlington's stock surged 10.15% in pre-market trading on Thursday, following the company's impressive fourth quarter and full year fiscal 2024 earnings report.
The key highlights driving the stock's rally include:
- Q4 comparable store sales grew 6%, beating the company's guidance of 0% to 2%
- Q4 adjusted EPS of $4.13 exceeded expectations of $3.55 to $3.75, driven by higher sales and improved supply chain efficiencies
- For fiscal 2025, the company provided an optimistic outlook, forecasting total sales growth of 6% to 8% and adjusted EPS in the range of $8.70 to $9.30, compared to $8.35 in fiscal 2024
Burlington's CEO Michael O'Sullivan stated that the company's off-price business model positions it well to capitalize on the uncertain economic environment, and the company plans to manage its business cautiously and flexibly to react to external factors.