Burlington Stores Faces Warm-Weather Setback, Q3 Revenue Miss Raises Stakes For Holiday Season
Burlington Stores Faces Warm-Weather Setback, Q3 Revenue Miss Raises Stakes For Holiday Season
Gross margin was 43.9% vs. 43.2% for the quarter, an increase of 70 basis points. At the end of the quarter, merchandise inventories were $1.441 billion vs. $1.329 billion last year.Burlington Stores (NYSE:BURL) shares are trading lower after the company reported mixed third-quarter financial results.
伯靈頓百貨（紐交所:BURL）股票下跌，原因是公司報告了混合的第三季度業績。
Quarterly revenue grew 11% year-over-year to $2.53 billion, missing the consensus of $2.55 billion. Comparable store sales increased by 1%. Adjusted EPS rose 41% YoY to $1.55, beating the consensus of $1.54.
季度營業收入同比增長11％，達到25.3億美元，低於25.5億美元的共識。可比店鋪銷售增長1％。調整後的每股收益同比增長41％，達到1.55美元，超過1.54美元的共識。
CEO Michael O'Sullivan commented, "Our third quarter comp trend started out very strongly, but then warmer temperatures from mid-September onwards slowed our sales momentum. Cold Weather categories represent about 15% of sales in the third quarter. Excluding these categories, our comp growth in the third quarter was 4%, which is consistent with the trend that we have seen in our business since March. We are very encouraged by this underlying comp sales trend."
首席執行官邁克爾·奧沙利文評論說：「我們的第三季度同店銷售趨勢一開始非常強勁，但隨後從9月中旬開始的溫暖天氣減緩了我們的銷售勢頭。寒冷天氣類目在第三季度佔銷售的約15％。在排除這些類目的情況下，我們第三季度的同店銷售增長爲4％，與我們自三月以來業務中看到的趨勢一致。我們對這種潛在同店銷售趨勢感到非常鼓舞。」
Gross margin was 43.9% vs. 43.2% for the quarter, an increase of 70 basis points. At the end of the quarter, merchandise inventories were $1.441 billion vs. $1.329 billion last year.
季度毛利率爲43.9％，比上一季度的43.2％提高了70個點子。季末，商品庫存爲14.41億美元，而去年爲13.29億美元。
Adjusted EBITDA stood at $228.79 million, up 30.3% YoY, with the margin expanding 137 bps to 9%.
調整後的EBITDA爲22879萬美元，同比增長30.3％，邊際增加137個點子。
The company ended the quarter with $1.705 billion in liquidity, comprised of $858 million in unrestricted cash and $847 million in availability on its ABL facility. The company held $1.714 billion in outstanding total debt.
公司季末流動性爲17.05億美元，包括85800萬美元的無限制現金和84700萬美元在其ABL設施中的可用額度。公司持有17.14億美元的總未償還債務。
During the quarter, Burlington repurchased 213,372 shares of its common stock for $56 million under its share repurchase program. Burlington had $325 million remaining on its current share repurchase program.
在本季度，伯靈頓以其股份回購計劃回購了21.3372萬股普通股，價格爲5600萬美元。伯靈頓在其當前股份回購計劃中剩餘32500萬美元。
"November is off to a good start, and we are optimistic about our prospects for the fourth quarter. But with the key selling weeks still ahead of us, we are planning our business cautiously and maintaining our comparable store sales guidance of 0% to 2% for the quarter. We are ready to chase if the trend is stronger," stated Mr. O'Sullivan.
奧沙利文先生表示：「十一月份開局良好，我們對第四季度的前景充滿樂觀。但由於關鍵的銷售周仍在我們面前，我們謹慎規劃業務，並維持本季度可比店銷售指導的0％至2％。如果趨勢更強勁，我們已準備好追逐。」
Q4 Outlook: Burlington expects YoY sales growth of 5% – 7% and assumes comparable store sales to increase between 0% and 2%. The company sees adjusted EPS of $3.55 – $3.75 versus the consensus of $3.77.
Q4展望：伯靈頓預計年銷售增長率爲5%至7%，並假設可比店鋪銷售增長率在0%至2%之間。公司預計調整後的每股收益爲3.55美元至3.75美元，而市場共識爲3.77美元。
2024 Outlook, updated: Burlington continues to expect 9% – 10% sales growth and assumes comparable store sales will increase by 2% (prior view 2% to 3%).
2024展望，更新：伯靈頓繼續預期9%至10%的銷售增長，並假設可比店鋪銷售將增長2%（之前爲2%至3%）。
The company raised its adjusted EPS guidance to $7.76 – $7.96 from $7.66 – $7.96, compared to the $7.92 consensus.
公司將調整後的每股收益指導提高至7.76美元至7.96美元，相比市場共識的7.92美元，原先爲7.66美元至7.96美元。
Price Action: BURL shares traded lower by 1.16% at $288.28 at the last check Tuesday.
股價走勢：伯靈頓百貨股票在上週二最後交易時下跌了1.16％，報288.28美元。
Photo via Shutterstock
圖片來自shutterstock
譯文內容由第三人軟體翻譯。
