secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0000950170-23-024055
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023024055/0000950170-23-024055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023024055/burl-20230525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024055

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