10-QPeriod: Q3 FY2017

Burlington Stores, Inc. Quarterly Report for Q3 Ended Oct 29, 2016

Filed November 23, 2016For Securities:BURL

Summary

Burlington Stores, Inc.'s 10-Q filing for the period ending October 29, 2016, provides a look at their performance during the third quarter and the first nine months of fiscal year 2016. The company, operating in the off-price retail sector, showed continued progress in its strategic initiatives. Investors should pay close attention to sales trends, particularly comparable store sales, and the company's ability to manage inventory and control expenses, which are crucial for profitability in this competitive retail environment. While specific financial figures are not detailed in the provided table of contents, the MD&A section (Item 2) will be critical for understanding the drivers of revenue, gross margins, and operating expenses. Investors will want to assess the company's overall financial health, liquidity, and any potential risks or opportunities highlighted in the filing, especially within the Risk Factors section (Item 1A). The focus remains on whether Burlington is effectively executing its off-price strategy to drive sustainable growth and shareholder value.

Financial Highlights

48 data points
Beta

Revenue

$1.34B

41.2% Gross Margin

Net Income

$32.40M

2.4% Net Margin

EPS (Diluted)

$0.45

Total Assets

$2.69B

Cash & Equivalents

$32.80M

Free Cash Flow

$126.88M

Financial Statements
Beta
Revenue$1.34B
Cost of Revenue$789.86M
Gross Profit$552.74M
SG&A Expenses$451.07M
Operating Expenses$1.30B
Net Income$32.40M
EPS (Basic)$0.46
EPS (Diluted)$0.45
Shares Outstanding (Basic)70.35M
Shares Outstanding (Diluted)71.60M

Key Highlights

  • 1The filing covers the unaudited financial results for the three and nine months ended October 29, 2016.
  • 2Key financial statements include Consolidated Statements of Operations, Comprehensive Income, Balance Sheets, and Cash Flows.
  • 3Management's Discussion and Analysis (MD&A) is a crucial section for understanding operational performance and financial condition.
  • 4The report includes disclosures on Market Risk and information on the company's Controls and Procedures.
  • 5Risk Factors are detailed in Item 1A, providing insights into potential challenges and uncertainties facing the company.
  • 6Information regarding Legal Proceedings and Other Information is also presented.
  • 7The financial statements present a consolidated view of Burlington Stores, Inc.'s financial position and performance.

Frequently Asked Questions

The provided filing structure indicates that the financial statements and MD&A sections will contain the details of Burlington's financial performance for the three and nine months ended October 29, 2016. Investors should refer to the Condensed Consolidated Statements of Operations within Item 1 and the analysis in Item 2 for specific revenue, gross margin, and net income figures.

Item 1A, Risk Factors, will outline the specific risks and uncertainties that could materially affect Burlington's business, financial condition, or results of operations. Investors should carefully review this section for potential challenges related to competition, economic conditions, inventory management, and operational execution.

The Condensed Consolidated Statements of Cash Flows (Item 1) will provide details on the company's cash generation and usage over the nine-month period. Item 2, MD&A, will offer management's perspective on the company's liquidity, capital resources, and overall financial condition, including any significant changes or trends.