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Burlington Stores fiscal Q3 profit climbs 91.4% YOY

Burlington Stores Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 was 20 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS increased 88.4% year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $15.2 million, an increase of 91.4% from $7.9 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin rose to 1.2% from 0.7% in the year-earlier period.

Total revenue climbed 6.4% on an annual basis to $1.23 billion from $1.16 billion, and total operating expenses climbed 5.6% year over year to $1.19 billion from $1.13 billion.

Reported net income totaled $15.1 million, or 20 cents per share, compared to a loss of $34.1 million, or a loss of 46 cents per share, in the third quarter ended Nov. 1, 2014.