---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024055"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:32:53.839575+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-024055
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579298/000095017023024055/0000950170-23-024055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000095017023024055/burl-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024055
- JSON: https://secwatch.observer/filing/0000950170-23-024055.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024055.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000095017023024055/0000950170-23-024055-index.htm

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