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Burlington Stores profit misses consensus by 16.3% in fiscal Q3

Burlington Stores Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 amounted to 11 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

The per-share result swung to a profit from the prior-year loss of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.9 million, compared with a loss of $8.6 million in the year-earlier period.

The normalized profit margin rose to 0.7% from negative 0.8% in the year-earlier period.

Total revenue grew 8.7% year over year to $1.16 billion from $1.06 billion, and total operating expenses climbed 7.9% year over year to $1.13 billion from $1.05 billion.

Reported net income totaled a loss of $34.2 million, or a loss of 46 cents per share, compared to a loss of $16.9 million, or a loss of 4 cents per share, in the year-earlier period.