Burlington Q4 adjusted EPS $2.96 beats guidance; FY23 outlook $5.50-$6.00

Burlington Stores, Inc.

2022-FY EPS reported $3.49 revenue$8,702,604,000

Q4 total sales $2,739M (+5% YoY); comp store sales -2% (ahead of -6% to -9% guidance).
Q4 GAAP diluted EPS $2.83 (+57% YoY); adjusted EPS $2.96 (+17% YoY), above guidance of $2.45-$2.75.
FY22 total sales -7%; adjusted EPS $4.26 vs $8.41 prior year.
FY23 guidance: comp store sales +3-5%, adjusted EPS $5.50-$6.00 (including ~$0.05 from 53rd week).
Q1 FY23 guidance: comp store sales +5-7%, adjusted EPS $0.85-$0.95.

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 fourth quarter ended January 28, 2023 results: revenue $2,739 million, net income $185 million, EPS $2.83 per share.

Period: the fourth quarter ended January 28, 2023
Revenue: $2,739 million
Net income: $185 million
EPS: $2.83 per share
Result: reported results

Exact text from the filing

the 13-week period ended January 28, 2023 compared with the 13-week period ended January 29, 2022) • Total sales increased 5% compared to the fourth quarter of Fiscal 2021 to $2,739 million, while comparable store sales decreased 2% compared to the fourth quarter of Fiscal 2021. • Gross margin rate was 40.7% vs. 39.8% for the fourth quarter of Fiscal 2021, an

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burlington Stores, Inc. reported Fiscal 2023 (the 53-weeks ending February 3, 2024) results: EPS $5.50 to $6.00. Guidance initiated.

Period: Fiscal 2023 (the 53-weeks ending February 3, 2024)
EPS: $5.50 to $6.00
Guidance: initiated
Result: guidance update

Exact text from the filing

and • Adjusted EPS in the range of $5.50 to $6.00, utilizing a fully diluted share count of approximately 65 million, as compared to Fiscal 2022 diluted EPS of $3.49 and Adjusted EPS of $4.26.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burlington Stores, Inc. reported the fiscal year ended January 28, 2023 results: net income $230 million, EPS $3.49 per share.

Period: the fiscal year ended January 28, 2023
Net income: $230 million
EPS: $3.49 per share
Result: reported results

Exact text from the filing

Net income decreased 44%, or $179 million, to $230 million, or $3.49 per share vs. $6.00 per share in Fiscal 2021

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Burlington Stores, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-005691

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