secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0000950170-22-017747
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Q2 net income $12M, adjusted EPS $0.35; cuts FY22 EPS guidance to $3.70-$4.30
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- Total sales $1,984M, down 10% YoY; comparable store sales down 17%.
- Net income $12M ($0.18 GAAP EPS); adjusted EPS $0.35 vs. guidance $0.18-$0.31.
- FY2022 adjusted EPS guidance lowered to $3.70-$4.30 from $8.41 in FY2021.
- Merchandise inventories $1,267M (+53% YoY); reserve inventory 52% of total.
- Repurchased 598k shares for $101M in Q2; $450M remaining on authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022017747/0000950170-22-017747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022017747/burl-20220825.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017747

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