Burlington Stores, Inc. is an American off-price department store chain. As of January 2023, the company operates 779 stores in 45 states and Puerto Rico. Burlington Stores' net worth is estimated to be around $3.22 billion as of 2023.
The company was founded in 1924 as Burlington Coat Factory. It began as a small family-owned business in Burlington, New Jersey, and has since grown into one of the largest off-price retailers in the United States. Burlington Stores sells a wide variety of merchandise, including clothing, footwear, home goods, and accessories. The company is known for its low prices and its commitment to customer service.
Burlington Stores has been recognized for its financial performance and its commitment to sustainability. In 2022, the company was named to the Fortune 500 list of the largest companies in the United States. Burlington Stores is also a member of the Dow Jones Sustainability Index, which tracks the performance of companies that are committed to environmental, social, and governance (ESG) practices.
Burlington Net Worth
Burlington Stores, Inc. is an American off-price department store chain with a net worth of $3.22 billion as of 2023. Key aspects of Burlington's net worth include:
- Revenue: $9.6 billion in 2022
- Net income: $463.9 million in 2022
- Total assets: $4.6 billion in 2022
- Number of stores: 779 as of January 2023
- Employees: 40,000 as of 2022
- Stock price: $24.47 as of March 8, 2023
- Market capitalization: $3.6 billion as of March 8, 2023
These aspects provide a snapshot of Burlington's financial health and overall value. The company's revenue and net income have both grown steadily in recent years, indicating strong sales and profitability. Burlington's total assets have also increased, reflecting the company's investments in new stores and inventory. The company's stock price and market capitalization have also performed well, indicating investor confidence in Burlington's future prospects.
1. Revenue
Revenue is one of the most important factors in determining a company's net worth. For Burlington Stores, Inc., revenue has been a key driver of its growth and success. In 2022, the company generated $9.6 billion in revenue, a significant increase from previous years.
- Strong sales: Burlington's revenue growth is primarily driven by strong sales across its stores. The company offers a wide variety of merchandise at low prices, which appeals to value-conscious consumers. Burlington's focus on customer service also contributes to its sales growth, as customers appreciate the company's commitment to providing a positive shopping experience.
- New store openings: Burlington has been expanding its store footprint in recent years, which has contributed to its revenue growth. The company opened 43 new stores in 2022, and it plans to continue opening new stores in the future. Burlington's store expansion strategy is based on its belief that there is still significant growth potential in the off-price retail market.
- E-commerce growth: Burlington has also been investing in its e-commerce business in recent years. The company's e-commerce sales grew by 20% in 2022, and Burlington expects its e-commerce business to continue to grow in the future. Burlington's e-commerce growth is driven by its user-friendly website and its commitment to providing fast and reliable shipping.
Overall, Burlington's revenue growth is a key factor in its strong net worth. The company's focus on strong sales, new store openings, and e-commerce growth is expected to continue to drive revenue growth in the future.
2. Net income
Net income is the profit that a company earns after subtracting all of its expenses from its revenue. It is a key measure of a company's profitability and overall financial health. For Burlington Stores, Inc., net income is a significant component of its net worth.
A company's net income can be used to fund a variety of activities, such as new store openings, share buybacks, or dividend payments. Burlington has used its net income to invest in new store openings and e-commerce growth. This has helped the company to grow its revenue and increase its net worth.
Burlington's net income is also important because it is a source of dividends for the company's shareholders. Dividends are payments that a company makes to its shareholders out of its net income. Burlington has a history of paying dividends to its shareholders, and this has helped to increase the company's net worth.
Overall, Burlington's net income is a key component of its net worth. The company's profitability has allowed it to invest in growth and return cash to shareholders. This has helped to increase Burlington's net worth and create value for its stakeholders.
3. Total assets
Total assets are the sum of a company's current assets and non-current assets. Current assets are those that can be converted into cash within one year, such as inventory and accounts receivable. Non-current assets are those that cannot be converted into cash within one year, such as property, plant, and equipment.
Burlington Stores, Inc.'s total assets were $4.6 billion in 2022. This is a significant increase from the company's total assets of $4.2 billion in 2021. The increase in total assets is primarily due to the company's investment in new store openings and e-commerce growth.
Total assets are an important component of a company's net worth. Net worth is the difference between a company's total assets and its total liabilities. Burlington Stores, Inc.'s net worth is $3.22 billion as of 2023.
The increase in Burlington Stores, Inc.'s total assets has contributed to the company's increased net worth. The company's investment in new store openings and e-commerce growth is expected to continue to drive growth in total assets and net worth in the future.
4. Number of stores
The number of stores that a company has is a key factor in its net worth. For Burlington Stores, Inc., the number of stores has a direct impact on the company's revenue and profitability. More stores means more opportunities to generate sales and earn profits.
In 2022, Burlington Stores, Inc. had 779 stores in 45 states and Puerto Rico. This is a significant increase from the company's 747 stores in 2021. The increase in the number of stores contributed to Burlington's revenue growth in 2022.
Burlington's stores are located in a variety of markets, including urban, suburban, and rural areas. The company's stores are typically located in shopping centers and other high-traffic areas. Burlington's stores are designed to be easy to shop and navigate, and they offer a wide variety of merchandise at low prices.
The increase in the number of stores is a key factor in Burlington's growth and success. The company's stores are a valuable asset, and they contribute significantly to Burlington's net worth.
5. Employees
The number of employees that a company has is a key factor in its net worth. For Burlington Stores, Inc., its 40,000 employees as of 2022 are a valuable asset that contributes significantly to the company's success and net worth.
Burlington's employees play a vital role in all aspects of the company's operations, from store management and customer service to merchandising and logistics. The company's employees are committed to providing a positive shopping experience for customers, and their hard work and dedication are essential to Burlington's success.
Burlington invests in its employees through training and development programs, and the company offers competitive compensation and benefits packages. Burlington's commitment to its employees has helped the company to attract and retain a talented workforce, which is essential for the company's long-term success.
The connection between Burlington's employees and the company's net worth is clear. The company's employees are a key driver of Burlington's revenue and profitability, and their hard work and dedication are essential to the company's success. Burlington's investment in its employees is a key factor in the company's strong net worth and long-term success.
6. Stock price
The stock price of Burlington Stores, Inc. is a key indicator of the company's financial health and overall value. As of March 8, 2023, Burlington's stock price was $24.47, giving the company a market capitalization of $3.6 billion.
- Market capitalization: Market capitalization is the total value of a company's outstanding shares. It is calculated by multiplying the number of outstanding shares by the current stock price. Burlington's market capitalization of $3.6 billion indicates that investors believe the company is worth $3.6 billion.
- Financial performance: The stock price of a company is often influenced by its financial performance. Burlington's stock price has performed well in recent years, reflecting the company's strong financial performance. The company has reported consistent revenue and earnings growth, and it has a strong balance sheet.
- Investor sentiment: The stock price of a company can also be influenced by investor sentiment. Investor sentiment towards Burlington is positive, as evidenced by the company's strong stock performance in recent years. Investors are confident in Burlington's future prospects, and they are willing to pay a premium for the company's shares.
- Economic conditions: The stock price of a company can also be influenced by economic conditions. The stock market as a whole has performed well in recent years, and this has benefited Burlington's stock price. The company is also well-positioned to benefit from a strong economy, as consumers are more likely to spend money on discretionary items such as clothing when the economy is strong.
Overall, the stock price of Burlington Stores, Inc. is a key indicator of the company's financial health and overall value. The company's strong financial performance, positive investor sentiment, and the strong economy have all contributed to the company's strong stock price performance in recent years.
7. Market capitalization
Market capitalization is the total value of a company's outstanding shares. It is calculated by multiplying the number of outstanding shares by the current stock price. Burlington Stores, Inc. has a market capitalization of $3.6 billion as of March 8, 2023, which means that investors believe the company is worth $3.6 billion.
Market capitalization is an important component of a company's net worth. Net worth is the difference between a company's total assets and its total liabilities. Burlington Stores, Inc. has a net worth of $3.22 billion as of 2023. The company's market capitalization of $3.6 billion is higher than its net worth, which indicates that investors believe the company is worth more than the value of its assets minus its liabilities.
There are a number of factors that can affect a company's market capitalization, including its financial performance, investor sentiment, and economic conditions. Burlington Stores, Inc. has reported consistent revenue and earnings growth in recent years, and it has a strong balance sheet. Investor sentiment towards Burlington is also positive, as evidenced by the company's strong stock performance in recent years. The strong economy has also benefited Burlington's stock price, as consumers are more likely to spend money on discretionary items such as clothing when the economy is strong.
Understanding the connection between market capitalization and net worth is important for investors. Market capitalization can be used to compare the value of different companies, and it can also be used to track the performance of a company's stock over time. Investors should consider both market capitalization and net worth when making investment decisions.
FAQs about Burlington Net Worth
Welcome to the FAQs section about Burlington Net Worth. Here, we provide concise answers to commonly asked questions about the company's financial standing and performance.
Question 1: What is Burlington Stores, Inc. and what is its net worth?
Answer: Burlington Stores, Inc. is an American off-price department store chain with a net worth of $3.22 billion as of 2023. The company operates over 779 stores in 45 states and Puerto Rico, offering a wide variety of merchandise at discounted prices.
Question 2: How has Burlington Stores, Inc.'s net worth changed over time?
Answer: Burlington Stores, Inc.'s net worth has grown steadily over the past several years. In 2020, the company's net worth was $2.7 billion. By 2021, it had increased to $3.0 billion, and in 2022, it reached $3.22 billion.
Question 3: What are the key factors that contribute to Burlington Stores, Inc.'s net worth?
Answer: The key factors that contribute to Burlington Stores, Inc.'s net worth include its revenue, net income, total assets, number of stores, employees, stock price, and market capitalization. The company's strong financial performance, positive investor sentiment, and the strong economy have all contributed to its growing net worth.
Question 4: How does Burlington Stores, Inc.'s net worth compare to other companies in the retail industry?
Answer: Burlington Stores, Inc.'s net worth is comparable to other companies in the retail industry. For example, Ross Stores, Inc. has a net worth of $4.3 billion, and TJX Companies, Inc. has a net worth of $12.4 billion.
Question 5: What is the outlook for Burlington Stores, Inc.'s net worth in the future?
Answer: The outlook for Burlington Stores, Inc.'s net worth is positive. The company is expected to continue to grow its revenue and earnings in the future, and its net worth is expected to increase accordingly.
Question 6: Where can I find more information about Burlington Stores, Inc.'s net worth?
Answer: You can find more information about Burlington Stores, Inc.'s net worth on the company's website, in its financial reports, and in news articles about the company.
We hope this FAQs section has been helpful in providing you with a better understanding of Burlington Stores, Inc.'s net worth. If you have any further questions, please feel free to contact us.
Transition to the next article section:
Now that you have learned about Burlington Stores, Inc.'s net worth, you may be interested in reading more about the company's history, financial performance, and growth prospects. Please continue reading to learn more about Burlington Stores, Inc.
Tips for Analyzing Burlington Net Worth
Analyzing the net worth of Burlington Stores, Inc. can provide valuable insights into the company's financial health and overall performance. Here are a few tips to help you analyze Burlington's net worth effectively:
Tip 1: Consider multiple financial metrics
Don't rely solely on net worth when evaluating Burlington's financial health. Consider other financial metrics such as revenue, net income, total assets, and debt-to-equity ratio to get a more comprehensive view of the company's financial performance.
Tip 2: Compare Burlington's net worth to industry peers
Comparing Burlington's net worth to other companies in the retail industry can provide context and help you assess the company's relative financial strength. Identify comparable companies with similar business models and revenue levels.
Tip 3: Analyze Burlington's net worth over time
Track Burlington's net worth over several years to identify trends and patterns. This can help you understand the company's financial trajectory and assess its ability to create and sustain value for shareholders.
Tip 4: Read Burlington's financial reports
Burlington's financial reports, such as the annual report and quarterly earnings releases, contain valuable information about the company's net worth and other financial metrics. Carefully review these reports to gain a deeper understanding of Burlington's financial performance.
Tip 5: Consider economic conditions
Economic conditions can impact Burlington's net worth. For example, a strong economy can lead to increased consumer spending, which can benefit Burlington's revenue and net worth. Conversely, a weak economy can have a negative impact on Burlington's financial performance.
Tip 6: Monitor news and analyst reports
Stay informed about news and analyst reports related to Burlington. These sources can provide valuable insights into the company's financial performance and future prospects.
Tip 7: Seek professional advice
If you need assistance analyzing Burlington's net worth or other financial metrics, consider seeking advice from a financial advisor or investment professional.
Summary of key takeaways:
- Analyze multiple financial metrics, including net worth, revenue, and profitability.
- Compare Burlington's net worth to industry peers.
- Track Burlington's net worth over time to identify trends.
- Review Burlington's financial reports for detailed information.
- Consider economic conditions and their potential impact on Burlington's net worth.
- Monitor news and analyst reports for insights.
- Seek professional advice if needed.
By following these tips, you can gain a more comprehensive understanding of Burlington Stores, Inc.'s net worth and assess the company's overall financial health and performance.
Transition to the article's conclusion:
In conclusion, analyzing Burlington's net worth is an important step in evaluating the company's financial strength and investment potential. By considering the tips outlined above, you can gain valuable insights into Burlington's financial performance and make informed decisions about investing in the company.
Conclusion
Burlington Stores, Inc. is a financially sound company with a strong net worth of $3.22 billion as of 2023. The company's net worth is supported by its consistent revenue growth, profitability, and valuable assets. Burlington's strong financial performance has contributed to its positive investor sentiment and high market capitalization.
As Burlington continues to expand its store footprint and invest in e-commerce, its net worth is expected to continue to grow in the future. The company's commitment to providing value to customers and its strong financial management practices position it well for continued success in the years to come.
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