---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025571"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T14:08:23.068988+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-025571
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/0000950170-22-025571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/burl-20221122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025571
- JSON: https://secwatch.observer/filing/0000950170-22-025571.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025571.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/0000950170-22-025571-index.htm
- Earnings Releases
  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
  source text: Adjusted EPS to be in the range of $3.77 to $4.07
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/0000950170-22-025571-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.