Burlington Stores Q4 Profit Rises, Guides Q1, 2015 Below View - Quick Facts

(RTTNews) - Off-price retailer Burlington Stores, Inc. (BURL) announced that fourth-quarter net income increased to $94.87 million from $63.58 million in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $108.93 million or $1.43 per share, compared to $81.02 million or $1.43 per share in the year-ago quarter.

Total revenue grew to $1.50 billion from $1.34 billion last year. Net sales for the quarter increased 11.3 percent to $1.49 billion from $1.33 billion in the same quarter last year. Comparable store sales for the quarter increased 6.7 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.32 per share on revenues of $1.47 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter of fiscal 2015, the company expects adjusted net income in a range of $0.36 to $0.40 per share, on projected net sales growth of 6 to 7 percent and comparable store sales increase of 2 to 3 percent. Analysts expect the company to report earnings of $0.41 per share on quarterly revenue growth of 8.1 percent to $1.22 billion.

For fiscal 2015, Burlington Stores projects adjusted net income in the range of $2.15 to $2.25 per share, on anticipated net sales growth of 6 to 7 percent and comparable store sales increase of 2 to 3 percent. Street is currently looking for full-year 2015 earnings of $2.26 per share on annual revenue growth of 7.7 percent to $5.17 billion.