Summary
Burlington Stores, Inc.'s 2017 10-K filing provides a comprehensive overview of its business operations, financial performance, and strategic outlook as of March 16, 2017. The company operates as a national retailer of branded apparel, footwear, accessories, and home product, emphasizing a "treasure-hunt" shopping experience. Investors should note the company's focus on off-price retail, its expansion strategy, and the competitive landscape it operates within. The filing details the company's performance during the fiscal year, highlighting its store base, merchandising strategy, and supply chain. Management's Discussion and Analysis (MD&A) is crucial for understanding the drivers of revenue, gross margin, and operating income. Attention should be paid to risks such as competition, inventory management, and macroeconomic factors that could impact future results. The report also outlines the company's financial condition, including liquidity, capital resources, and its approach to managing market risks.
Financial Highlights
25 data points| Revenue | $5.57B |
| Cost of Revenue | $3.30B |
| Gross Profit | $2.27B |
| SG&A Expenses | $1.72B |
| Operating Expenses | $5.26B |
| Net Income | $215.87M |
| EPS (Basic) | $3.06 |
| EPS (Diluted) | $3.01 |
| Shares Outstanding (Basic) | 70.48M |
| Shares Outstanding (Diluted) | 71.72M |
Key Highlights
- 1Burlington Stores operates as a national off-price retailer offering branded apparel, footwear, accessories, and home products, focusing on a "treasure hunt" shopping experience.
- 2The company's strategy centers on offering compelling value to customers, which drives traffic and sales, and relies on strong vendor relationships for a continuous flow of desirable merchandise.
- 3Burlington operates a significant store base across the United States, with ongoing efforts to open new locations and optimize store performance.
- 4The filing details the company's financial results, including revenues, cost of goods sold, and operating expenses, as well as its balance sheet and cash flow statement.
- 5Key risks identified include intense competition from other retailers (both off-price and traditional), the ability to maintain adequate inventory levels, and sensitivity to economic conditions and consumer spending.
- 6The company emphasizes its supply chain and inventory management capabilities as critical to its off-price model.
- 7Management's Discussion and Analysis provides insights into the factors affecting financial condition and results of operations, including trends, uncertainties, and critical accounting estimates.