secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000950170-24-066241
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Q1 adj EPS $1.42 (+68% YoY); raises FY24 adj EPS outlook to $7.35-$7.75
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- Q1 total sales $2,357M (+11% YoY); comp store sales +2% (at high end of guidance).
- GAAP net income $79M ($1.22 EPS) vs $33M ($0.50) last year; adjusted net income $91M ($1.42 EPS) up 68%.
- Gross margin improved 120 bps to 43.5%; adjusted EBIT margin +170 bps; merchandise margin +90 bps on lower markdowns.
- FY24 adj EPS guidance raised to $7.35-$7.75 from $6.24 (52-wk basis); assumes comp store sales +0% to 2%.
- Repurchased 312,238 shares for $63M during Q1; $442M remaining on authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024066241/0000950170-24-066241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024066241/burl-20240530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-066241

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