Burlington Stores, Inc. Files 2023 Annual Report on Form 10-K

Ticker: BURL · Form: 10-K · Filed: 2024-03-15T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, Annual Report, Burlington Stores, Financials, Retail

TL;DR

<b>Burlington Stores, Inc. has filed its 2023 Form 10-K detailing financial performance and operational aspects.</b>

AI Summary

Burlington Stores, Inc. (BURL) filed a Annual Report (10-K) with the SEC on March 15, 2024. Burlington Stores, Inc. filed its annual report on Form 10-K for the fiscal year ended February 3, 2024. The filing covers the company's financial performance and business operations. Key financial statement items and disclosures are included. The report details various assets, liabilities, and equity accounts. It also references specific debt facilities and stock-related activities.

Why It Matters

For investors and stakeholders tracking Burlington Stores, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Burlington Stores' financial health and strategic positioning for the fiscal year 2023. Investors and analysts can use this report to assess the company's performance, risks, and future outlook based on detailed financial data and disclosures.

Risk Assessment

Risk Level: medium — Burlington Stores, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative performance changes beyond what is typically disclosed in such filings.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Burlington Stores' current financial position and potential future challenges.

Key Numbers

2024-02-03 — Fiscal Year End (Conformed period of report)
2024-03-15 — Filing Date (Filed as of date)
001-36107 — SEC File Number (SEC file number)
2013-06-13 — Date of Name Change (Former company name change date)

Key Players & Entities

Burlington Stores, Inc. (company) — Filer name
2024-02-03 (date) — Fiscal year end date
2024-03-15 (date) — Filing date
0000950170-24-032207 (other) — Accession number
Burlington Stores, Inc. (company) — Company name
0001579298 (company) — Central Index Key
5311 (other) — Standard Industrial Classification
DE (other) — State of incorporation

FAQ

When did Burlington Stores, Inc. file this 10-K?

Burlington Stores, Inc. filed this Annual Report (10-K) with the SEC on March 15, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Burlington Stores, Inc. (BURL).

Where can I read the original 10-K filing from Burlington Stores, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Burlington Stores, Inc..

What are the key takeaways from Burlington Stores, Inc.'s 10-K?

Burlington Stores, Inc. filed this 10-K on March 15, 2024. Key takeaways: Burlington Stores, Inc. filed its annual report on Form 10-K for the fiscal year ended February 3, 2024.. The filing covers the company's financial performance and business operations.. Key financial statement items and disclosures are included..

Is Burlington Stores, Inc. a risky investment based on this filing?

Based on this 10-K, Burlington Stores, Inc. presents a moderate-risk profile. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative performance changes beyond what is typically disclosed in such filings.

What should investors do after reading Burlington Stores, Inc.'s 10-K?

Review the detailed financial statements and risk factors within the 10-K to understand Burlington Stores' current financial position and potential future challenges. The overall sentiment from this filing is neutral.

Key Dates

2024-02-03: Fiscal Year End — End of the reporting period for the 10-K filing.
2024-03-15: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K: An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial and business overview for Burlington Stores.)
Fiscal Year End: The last day of a company's accounting year. (Indicates the period covered by the financial statements in the 10-K.)

From the Filing

0000950170-24-032207.txt : 20240315 0000950170-24-032207.hdr.sgml : 20240315 20240315161638 ACCESSION NUMBER: 0000950170-24-032207 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 116 CONFORMED PERIOD OF REPORT: 20240203 FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burlington Stores, Inc. CENTRAL INDEX KEY: 0001579298 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 800895227 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36107 FILM NUMBER: 24754995 BUSINESS ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 BUSINESS PHONE: 6093877800 MAIL ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 FORMER COMPANY: FORMER CONFORMED NAME: Burlington Holdings, Inc. DATE OF NAME CHANGE: 20130613 10-K 1 burl-20240203.htm 10-K 10-K false FY 0001579298 2023 http://fasb.org/us-gaap/2023#ProductMember http://fasb.org/us-gaap/2023#ProductMember http://fasb.org/us-gaap/2023#ProductMember http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember http://fasb.org/us-gaap/2023#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember three years http://fasb.org/us-gaap/2023#AssetImpairmentCharges http://fasb.org/us-gaap/2023#AssetImpairmentCharges http://fasb.org/us-gaap/2023#AssetImpairmentCharges http://www.burlingtoncoatfactory.com/20240203#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://www.burlingtoncoatfactory.com/20240203#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://www.burlingtoncoatfactory.com/20240203#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://www.burlingtoncoatfactory.com/20240203#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations 0001579298 burl:SeniorSecuredTermB5LoanMember 2021-01-31 2022-01-29 0001579298 us-gaap:TreasuryStockCommonMember 2022-01-29 0001579298 burl:LandlordOwnedAssetsMember 2022-01-30 2023-01-28 0001579298 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-03 0001579298 burl:PropertyAndEquipmentMember 2021-01-31 2022-01-29 0001579298 burl:ABLSeniorSecuredRevolvingFacilityMember 2023-01-28 0001579298 us-gaap:AllowanceForCreditLossMember 2022-01-30 2023-01-28 0001579298 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-01-29 2024-02-03 0001579298 us-gaap:CommonStockMember 2024-02-03 0001579298 us-gaap:StateAndLocalJurisdictionMember 2023-01-29 2024-02-03 0001579298 us-gaap:ProductAndServiceOtherMember burl:SubleaseIncomeMember 2023-01-29 2024-02-03 0001579298 burl:StockOptionsGrantedMember 2023-01-29 2024-02-03 0001579298 us-gaap:TreasuryStockCommonMember 2023-01-28 0001579298 2005-11-30 0001579298 us-gaap:RetainedEarningsMember 2022-01-29 0001579298 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember us-gaap:InterestRateSwapMember 2023-07-29 0001579298 burl:AmendedABLSeniorSecuredRevolvingFacilityMember 2024-02-03 0001579298 srt:MaximumMember us-gaap:PerformanceSharesMember 2024-02-03 0001579298 us-gaap:LongTermDebtMember 2023-01-29 2024-02-03 0001579298 us-gaap:LatestTaxYearMember burl:StateAndForeignCountryJurisdictionMember 2023-01-29 2024-02-03 0001579298 us-gaap:RestrictedStockMember 2022-01-30 2023-01-28 0001579298 country:PR 2023-01-29 2024-02-03 0001579298 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-30 2023-01-28 0001579298 burl:PerformanceStockUnitGrantsMember 2023-01-29 2024-02-03 0001579298 srt:ParentCompanyMember burl:ConvertibleNotesMember 2021-01-31 2022-01-29 000157