Burlington Stores says Q4 same-store sales below estimates

For its fourth quarter ended February 2, 2019, Burlington Stores, Inc. reported total sales increase of 2.8 percent to 1,991 million dollars. Excluding the 53rd week last year, the company said, total sales increased 7.4 percent with new and non-comparable stores contributing an incremental 173 million dollars in sales during the quarter. Comparable store sales increased 1.3 percent on a shifted basis. On GAAP basis, for the 52 weeks period total sales increased 9.2 percent to 6,643 million dollars and net income was 415 million dollars or 6.04 dollar per share compared to 385 million dollars or 5.48 dollars per share last year.