secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0000950170-24-130752
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Q3 adj EPS $1.55 (+41% YoY); raises FY24 adjusted EPS outlook to $7.76-$7.96
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- Total sales $2,526M (+11% YoY); comparable store sales +1% on top of +6% last year.
- Adjusted diluted EPS $1.55 vs $1.10; GAAP EPS $1.40; adjusted EBIT margin +80 bps.
- Gross margin improved 70 bps to 43.9%; merchandise margin expanded 50 bps.
- FY24 adjusted EPS guidance raised to $7.76-$7.96; Q4 outlook $3.55-$3.75 vs $3.69.
- Repurchased $56M of stock; increased Term Loan to $1.25B, maturity extended to Sept 2031.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024130752/0000950170-24-130752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017024130752/burl-20241126.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-130752

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