BURLINGTON STORES Reports Q4 Earnings Results for FY2023 on March 2, 2023
March 16, 2023
Earnings Overview
Burlington Stores ($NYSE:BURL) reported their fourth quarter earnings results for the fiscal year 2023, ending January 31, 2023 on March 2, 2023. The total revenue for the quarter was USD 185.2 million, a 52.3% increase from the same quarter in the previous year. Net income for the quarter was USD 2744.3 million, a 5.2% increase from the same quarter in the prior year.
Stock Price
The company’s stock opened at $220.0 and closed at $212.0 on Thursday, representing a decrease of 2.4% from its previous closing price of $217.1. BURLINGTON STORES attributed its lower-than-expected performance to increased competition in the retail space and higher costs associated with its e-commerce operations. Despite the disappointing results, the company remains committed to its long-term growth strategies and continues to invest in new technologies and initiatives to expand its online presence and customer experience. Overall, BURLINGTON STORES reported mixed results for the fourth quarter of FY2023. The company’s stock price has now declined by nearly 5% over the past two days, as investors remain cautious about the company’s short-term outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Burlington Stores. More…
| Total Revenues | Net Income | Net Margin |
| 8.7k | 230.12 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Burlington Stores. More…
| Operations | Investing | Financing |
| 596.38 | -423.14 | -391.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Burlington Stores. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.27k | 6.47k | 9.8 |
Key Ratios Snapshot
Some of the financial key ratios for Burlington Stores are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | -14.8% | 4.3% |
| FCF Margin | ROE | ROA |
| 1.7% | 36.6% | 3.2% |
Analysis
As GoodWhale analysts, we have completed an analysis of BURLINGTON STORES and their wellbeing. According to the Star Chart, BURLINGTON STORES is classified as an ‘elephant’, a type of company that has more assets than liabilities. This type of company would be attractive to investors who are looking for an established, stable business with good prospects for long-term growth and strong returns. BURLINGTON STORES has a strong asset base, medium growth and profitability, and only a weak dividend. However, they have a high health score of 7/10 with regard to their cashflows and debt, which suggests they are well-equipped to ride out any financial crisis without fear of bankruptcy. More…
Peers
The company offers products and services that are in competition with Ross Stores Inc, Chiyoda Co Ltd, Mr Price Group Ltd, and other companies.
– Ross Stores Inc ($NASDAQ:ROST)
Ross Stores Inc is an American chain of off-price department stores headquartered in Dublin, California, with over 1,400 locations in 37 states. The company’s revenues total more than $15 billion as of 2019, making it the second-largest off-price retailer in the United States behind TJX Companies. Ross Stores typically sells brand name clothing, accessories, footwear, and home décor at prices that are 20% to 60% below department and specialty store regular prices.
– Chiyoda Co Ltd ($TSE:8185)
Chiyoda is a Japanese company that provides engineering and construction services. The company has a market cap of 25.87B as of 2022 and a Return on Equity of -2.63%. Chiyoda has been in business for over 70 years and has completed projects in over 80 countries. The company has a strong focus on the oil and gas industry, but also works in the power, chemicals, and other industries.
– Mr Price Group Ltd ($BER:M5M1)
Mr Price Group Ltd is a South African retail chain that was founded in 1985. The company has a market cap of 2.39B as of 2022 and a ROE of 27.7%. Mr Price Group Ltd operates over 1,000 stores across South Africa, Zimbabwe, Mozambique, Lesotho, Botswana, Namibia, and Swaziland. The company offers a wide range of products including clothing, homeware, and cosmetics.
Summary
Investors in Burlington Stores should be pleased with their FY2023 Q4 financials. The company reported total revenue of $185.2 million, a 52.3% increase compared to the same quarter the year prior. Net income was also up 5.2% year over year to $2744.3 million. This is a strong sign that Burlington Stores is continuing to perform well, and represents an attractive investment opportunity for those considering investing in the company.
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