secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0000950170-21-004853
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Q3 sales up 30% to $2.3B; adj EPS $1.36 vs $1.53 in 2019; debt extinguishment charge $1.22/share
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- Total sales $2,300M (+30% vs Q3 2019); comp store sales +16%.
- GAAP net income $14M ($0.20 diluted EPS); includes $86M debt extinguishment charge ($1.22/share).
- Adjusted EPS $1.36 vs $1.53 in Q3 2019; gross margin down 100bps to 41.4% on freight headwinds.
- Repurchased $160M principal of 2.25% Convertible Notes for $242M ($91M cash + $151M stock).
- No formal FY2021 guidance; expects 101 new store openings; capex ~$425M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017021004853/0000950170-21-004853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017021004853/burl-20211123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-004853

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer