Burlington Stores reports increase in Q3 sales and profit

Burlington Stores, Inc., for the third quarter ended November 2, 2019 reported total sales increase of 8.6 percent to 1,775 million dollars, while comparable store sales increased 2.7 percent. Net income for the quarter increased 26 percent to 96 million dollars or 1.44 dollars per share vs. 1.12 dollars last year, and adjusted net income increased 25 percent to 104 million dollars or 1.55 dollars per share vs. 1.21 dollars last year. The company’s adjusted EBITDA increased 19 percent or 31 million dollars higher than last year’s third quarter, while adjusted EBIT increased 23 percent or 27 million dollars above the prior year period to 141 million dollars.