secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000950170-24-027578
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores Q4 comps +2% (guidance -2%-0%); adj EPS $3.69 beat; FY24 guide $7.00-$7.60
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- Q4 13-week comp store sales +2% (guidance -2%-0%); adjusted EPS $3.69 vs guidance $3.10-$3.25.
- Full year 52-week adjusted EPS $6.24 (+46% YoY); adjusted EBIT margin +130 bps; total sales +10%.
- FY24 guidance: adj EPS $7.00-$7.60 (+12%-22%); comp store sales 0%-2%; ~100 net new stores.
- Q4 repurchased 605,311 shares for $103M; $500M remaining in authorization through Aug 2025.
- Bed Bath & Beyond lease acquisition expenses $18M in FY23, expected $9M in FY24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024027578/0000950170-24-027578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024027578/burl-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-027578

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