secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000950170-24-101578
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores Q2: comp sales +5%, adjusted EPS +98% to $1.24; FY24 guidance raised
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- Total sales +13% to $2,461M; comparable store sales +5% vs. prior year.
- Net income $74M ($1.15 diluted EPS); adjusted EPS $1.24, up 98% YoY.
- Gross margin expanded 110 bps to 42.8%; adjusted EBIT margin +160 bps.
- FY24 adjusted EPS guidance raised to $7.66-$7.96 (from prior range); Q3 adj. EPS est. $1.45-$1.55.
- Repurchased 269,508 shares for $61M in Q2; $380M remaining on authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024101578/0000950170-24-101578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024101578/burl-20240829.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-101578

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