Burlington Boosts Sales In Q1
Off-price retailer Burlington Stores reported a solid first quarter, boosting its net sales and income.
Off-price retailer Burlington Stores reported a solid first quarter, boosting its net sales and income.
For the fourth quarter ended January 28, Burlington Stores posted net income of $125.6 million, or $1.77 per diluted share, versus $98.8 million, or $1.35 per diluted share, in the year-previous quarter.
Burlington Stores has made several senior leadership promotions to support the company’s continued growth.
Burlington advanced in its third quarter, seeing a rise in net income, net sales and comparable store sales.
Burlington Stores has appointed Ted English, former president, CEO and director of The TJX Companies and current executive chairman of Bob’s Discount Furniture, to its board of directors.
Burlington Stores gained ground in the second quarter, with a rise in both sales and income.
According to a Moody’s Investors Service sector in depth report, off-price retail’s ability to deliver major label brands at significant discounts to value-hungry consumers will continue to provide a leg up on the competition, with the home business making a contribution.
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