Off-price retailer Burlington Stores (BURL) reported fourth-quarter results that topped forecasts Thursday and gave strong 2017 guidance, sending share just above a buy point intraday.
Estimates: EPS to rise 13% to $1.69 as revenue grows 8% to $1.66 billion.
Results: Adjusted EPS climbed 19.5% to $1.78 on a 9% revenue gain to $1.69 billion. Same-store sales grew 4.6%.
Outlook: Q1 EPS of 67-70 cents, with the midpoint below consensus of 70 cents, on sales growth of 5%-6%, below consensus for 6.5%, with comp…