secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0000950170-22-010701
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores Q1 sales down 12%, comps -18%; appoints Kristin Wolfe as CFO
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- Q1 GAAP diluted EPS $0.24 vs $2.51 prior year; adjusted EPS $0.54 vs $2.59.
- Comparable store sales decreased 18% in Q1; total sales $1,926M, down 12% YoY.
- FY2022 adjusted EPS guidance cut to $6.00-$7.00 from $8.41; Q2 comps expected -15% to -13%.
- Appointed Kristin Wolfe as CFO effective Aug 1, 2022, succeeding retiring John Crimmins.
- Repurchased $99M in stock and $78M in convertible notes during Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022010701/0000950170-22-010701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022010701/burl-20220525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010701

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