secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0000950170-22-002724
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores Q4 sales +18% vs FY2019, comp +6%; adj EPS $2.53
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- Net income $122M ($1.80 diluted EPS); adjusted EPS $2.53 vs $3.21 in FY2019.
- Full-year FY2021 total sales +28%, comp store sales +15%; adjusted EPS $8.41 vs $7.35.
- Gross margin rate declined 230bps to 39.8% due to 260bps of higher freight costs.
- No FY2022 sales/earnings guidance; capex ~$725M; plans 120 new stores (90 net).
- Repurchased $100M in stock and $109M in convertible notes in Q4; new $500M buyback authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022002724/0000950170-22-002724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022002724/burl-20220303.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-002724

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