secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0000950170-23-065301
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Q3 revenue +12% to $2.29B, comps +6%, adj. EPS $0.98, FY23 adj. EPS view $5.52-$5.67
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- Revenue $2,285M, +12% YoY; comp store sales +6% (guidance 5-7%).
- GAAP net income $49M ($0.75 EPS) vs $17M ($0.26 EPS) last year.
- Adjusted EPS $0.98, ex-BB&B lease costs $1.10; guidance was $0.86-$1.01.
- Q4 adj. EPS guidance $3.04-$3.19 (ex-BB&B $3.10-$3.25); FY23 adj. EPS $5.52-$5.67.
- Inventory down 8% to $1.33B; reserve inventory 30% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023065301/0000950170-23-065301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023065301/burl-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-065301

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