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Burlington Stores (Burlington Stores) Operating Income : $548 Mil (TTM As of Jan. 2024)


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What is Burlington Stores Operating Income?

Burlington Stores's Operating Income for the three months ended in Jan. 2024 was $320 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $548 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Burlington Stores's Operating Income for the three months ended in Jan. 2024 was $320 Mil. Burlington Stores's Revenue for the three months ended in Jan. 2024 was $3,126 Mil. Therefore, Burlington Stores's Operating Margin % for the quarter that ended in Jan. 2024 was 10.24%.

Burlington Stores's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Burlington Stores's annualized ROC % for the quarter that ended in Jan. 2024 was 14.57%. Burlington Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 26.72%.


Burlington Stores Operating Income Historical Data

The historical data trend for Burlington Stores's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Burlington Stores Operating Income Chart

Burlington Stores Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 618.76 -338.36 768.36 383.14 548.03

Burlington Stores Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 265.82 79.15 60.18 88.63 320.07

Burlington Stores Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $548 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Burlington Stores  (NYSE:BURL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Burlington Stores's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=1280.26 * ( 1 - 27.46% )/( (6293.786 + 6452.252)/ 2 )
=928.700604/6373.019
=14.57 %

where

Invested Capital(Q: Oct. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7493.7 - 939.658 - ( 615.863 - max(0, 1954.576 - 2214.832+615.863))
=6293.786

Invested Capital(Q: Jan. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7706.84 - 956.35 - ( 925.359 - max(0, 2028.786 - 2327.024+925.359))
=6452.252

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Burlington Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1333.592/( ( (4898.2 + max(70.666, 0)) + (5013.093 + max(-202.023, 0)) )/ 2 )
=1333.592/( ( 4968.866 + 5013.093 )/ 2 )
=1333.592/4990.9795
=26.72 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.579 + 1329.129 + 178.261) - (939.658 + 0 + 588.645)
=70.666

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.361 + 1087.841 + 239.463) - (956.35 + 0 + 647.338)
=-202.023

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Burlington Stores's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=320.065/3126.358
=10.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Burlington Stores Operating Income Related Terms

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Burlington Stores (Burlington Stores) Business Description

Traded in Other Exchanges
Address
2006 Route 130 North, Burlington, NJ, USA, 08016
The third-largest American dedicated off-price apparel and home fashion retail firm, with 927 stores as of the end of fiscal 2022, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday-low-price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure-hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2022, 24% of sales came from accessories and footwear, 22% from women's ready-to-wear apparel, 21% from home décor, 17% from menswear, 12% from youth apparel and baby, and 4% from outerwear. All sales come from the United States.
Executives
William P Mcnamara director
Jennifer Vecchio officer: President and CMO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Jeffrey Laub officer: SVP, Finance and CAO C/O BURLINGTON COAT FACTORY WAREHOUSE CO, 1830 ROUTE 130, BURLINGTON NJ 08016
Kristin Wolfe officer: Chief Financial Officer C/O BURLINGTON STORES, INC., 1830 ROUTE 130, BURLINGTON NJ 08016
Travis Marquette officer: President and COO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Mike Metheny officer: Executive Vice President 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Dennis Hodgson officer: EVP CIO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Michael R Allison officer: EVP CHRO 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Joyce Manning Magrini officer: Executive Vice President C/O FINLAY ENTERPRISES, INC., 529 FIFTH AVENUE, ATTN: LEGAL DPT., NEW YORK NY 10017
Michael Goodwin director 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Fred Hand officer: Chief Customer Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
John Crimmins officer: Chief Financial Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Thomas Kingsbury director, officer: President & CEO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
O Sullivan Michael B director, officer: Chief Executive Officer 5130 HACIENDA DRIVE, DUBLIN CA 94568
Paul Sullivan director 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016