Burlington Q3 sales -11%, comps -17%, adj EPS $0.43 vs $1.36; FY2022 guidance lowered

Burlington Stores, Inc.

2022-Q3 EPS reported $0.68 revenue$5,958,321,000

Total sales $2,036M (-11% YoY); comparable store sales -17% (on top of +16% in Q3 2021).
Net income $17M, diluted EPS $0.26 incl. $11M impairment; adjusted EPS $0.43 vs $1.36 YoY.
Inventory up 36% to $1,445M, reserve inventory 31% of total.
FY2022 guidance: comps down 14%-15%, adj EPS $3.77-$4.07 (vs $8.41 prior non-GAAP).
Q4 guidance: comps down 6%-9%, adj EPS $2.45-$2.75.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burlington Stores, Inc. reported the third quarter ended October 29, 2022 results: revenue $2,036 million, net income $17 million, EPS $0.26 per share.

Period: the third quarter ended October 29, 2022
Revenue: $2,036 million
Net income: $17 million
EPS: $0.26 per share
Result: reported results

Exact text from the filing

the 13-week period ended October 29, 2022, compared with the 13-week period ended October 30, 2021) • Total sales decreased 11% compared to the third quarter of Fiscal 2021 to $2,036 million, while comparable store sales decreased 17% compared to the third quarter of Fiscal 2021. In the third quarter of Fiscal 2021, total sales increased 30% and comparable store

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burlington Stores, Inc. reported Fiscal 2022 (the 52-weeks ending January 28, 2023) results: EPS in the range of $3.77 to $4.07.

Period: Fiscal 2022 (the 52-weeks ending January 28, 2023)
EPS: in the range of $3.77 to $4.07
Result: guidance update

Exact text from the filing

Adjusted EPS to be in the range of $3.77 to $4.07

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Burlington Stores, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-025571

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