We are a nationally recognized off-price retailer of high-quality, branded merchandise at everyday low prices. We opened our first store in Burlington, New Jersey in 1972, selling primarily coats and outerwear.
Operating margin is thin at 7.06%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.8%, steady but not accelerating.
Net debt of $4.79B represents 27.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$11.92B
▲ +8.8% YoY
Net Income (TTM)
$624M
▲ +21.1% YoY
Op. Margin
6.93%
▲ +0.7pp YoY
ROIC
8.22%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$383M
▲ +1108.9% YoY
Op. Cash Flow (TTM)
$1.32B
▲ +42.6% YoY
Net Debt
$5.15B
Cash & Equiv.
$747M
5Y CAGR: +14.9%
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