Burlington Stores, Inc.


SKU: BURL-1 Category:


Burlington Stores and its management reported a 6% increase in comparable store sales, aligning with the midpoint of their projected range of 5% to 7%. The back-to-school season performed well, reflecting positive trends. Despite a slight outperformance through September, unseasonably warm weather in October impacted the growth trajectory, particularly affecting outerwear sales, an area of strength for Burlington. Looking ahead to their longer-range financial model, Burlington Stores unveiled key projections. Over the next five years, their team anticipates total sales to reach approximately $16 billion, representing a substantial 60% growth from the 2023 baseline. Despite anticipating some variability, the company aims for mid-single-digit annual comparable store sales growth over the next five years, building on strategies implemented since 2019 to enhance its off-price model. They project a gradual positive impact on results, bolstered by opening new stores and relocations, which may initially lead to slight cannibalization but ultimately contribute to comp store growth.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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