Burlington Q1 sales +11% to $2.13B, comps +4%, adj EPS $0.84 vs $0.54

Burlington Stores, Inc.

2023-Q1 EPS reported $0.50 revenue$2,136,956,000

Total sales $2,133M (+11% YoY); comparable store sales +4%.
Net income $33M ($0.50 diluted EPS) vs $16M ($0.24) last year.
Adjusted EPS $0.84 vs $0.54; Adjusted EBIT $87M vs $59M.
Repurchased $110M principal of 2.25% convertible notes for $133M cash; also $51M in common stock.
Reiterated FY2023 guidance: comps +3-5%, adj EPS $5.50-$6.00.

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 first quarter ended April 29, 2023 results: revenue $2,133 million, net income $33 million, EPS $0.50 per share. Guidance reaffirmed.

Period: the first quarter ended April 29, 2023
Revenue: $2,133 million
Net income: $33 million
EPS: $0.50 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(for the 13-week period ended April 29, 2023, compared with the 13-week period ended April 30, 2022) • Total sales increased 11% compared to the first quarter of Fiscal 2022 to $2,133 million, while comparable store sales increased 4% compared to the first quarter of Fiscal 2022. • Gross margin rate as a percentage of net sales was 42.3% vs. 41.0% for the first

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Source: SEC EDGAR

accession 0000950170-23-024055

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