— Burlington Stores (NYSE: BURL) reported adjusted earnings of $3.25 per share for the fourth quarter of 2019 vs. $3.23 expected.
— GAAP earnings increased to $206.3 million or $3.08 per share from $184.4 million or $2.70 per share in the fourth quarter of 2018.
— Revenue of $2.2 billion, up 10.5% year-over-year vs. $2.2 billion expected.
— Comparable store sales increased by 3.9%.
— For fiscal 2020, adjusted earnings is expected to be in the range of $7.97 to $8.12 per share.
— Sales in FY20 is estimated grow in the range of 8% to 9% on comparable store sales increase of 1-2%.
— For the first quarter of 2020, adjusted EPS is targeted to be in the range of $1.29 to $1.34. Sales growth is estimated to be in the range of 8% to 9% on comparable sales growth of 1% to 2%.
— BURL stock declined about 3% immediately after the earnings announcement.