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Burlington stores, inc. reports third quarter 2021 earnings

By Divya S - Nov 23, 2021, 01:37 PM ET
Last Updated - Jul 04, 2024, 07:20 AM EDT
Burlington_building
Michael O’Sullivan, CEO, stated, “We are very pleased with our third quarter results. We continued to demonstrate our ability to chase the business and deliver great value to our customers. With Total Sales up 30% in Q3, and up 32% YTD, clearly we are taking significant market share

Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the third quarter ended October 30, 2021

On a GAAP basis, total sales increased 30%, net income was $14 million, and diluted EPS was $0.20, inclusive of an $86 million debt extinguishment charge, or $1.22 per share

Comparable store sales increased 16%

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On a non-GAAP basis, Adjusted EBIT was $140 million

On a non-GAAP basis, Adjusted EPS was $1.36

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