secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0000950170-22-025571
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/0000950170-22-025571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017022025571/burl-20221122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025571

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