---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005691"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:12:45.496619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-005691
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1579298/000095017023005691/0000950170-23-005691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000095017023005691/burl-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005691
- JSON: https://secwatch.observer/filing/0000950170-23-005691.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005691.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017023005691/0000950170-23-005691-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017023005691/0000950170-23-005691-index.htm
- Earnings Releases
  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
  source text: Net income decreased 44%, or $179 million, to $230 million, or $3.49 per share vs. $6.00 per share in Fiscal 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017023005691/0000950170-23-005691-index.htm

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