8-K/AEarnings & ResultsRegulation FDExhibits & Filings

Burlington Stores, Inc. 8-K/A Report, Financial Results (Dec 10, 2013)

Filed December 10, 2013For Securities:BURL

Summary

This Form 8-K/A filing from Burlington Stores, Inc. (BURL) dated December 10, 2013, serves as an amendment to a previous filing, primarily to correct an error in a press release concerning their fiscal third quarter results ended November 2, 2013. The correction clarifies an outlook statement regarding Adjusted EBITDA margin rate, specifying that the "30-40 basis points better than last year" projection applies to the *full year* and not just the fourth quarter as initially stated. This amendment is crucial for investors to accurately interpret the company's financial guidance. While the filing doesn't introduce new financial results, it rectifies a potentially misleading statement about future profitability expectations. Investors should note the correction and rely on the updated guidance for assessing Burlington Stores' performance trajectory.

Key Highlights

  • 1Correction of a financial outlook statement regarding Adjusted EBITDA margin rate.
  • 2The Adjusted EBITDA margin rate guidance of 30-40 basis points improvement applies to the full fiscal year 2013, not solely the fourth quarter.
  • 3The correction was issued via a press release dated December 10, 2013, attached as Exhibit 99.1.
  • 4The error was identified and corrected following the company's third quarter fiscal 2013 earnings conference call.
  • 5The filing is an 8-K/A (amendment) to a previous report, indicating a need for clarification rather than new material information.
  • 6The company's principal executive offices are located in Burlington, New Jersey.

Frequently Asked Questions

The primary reason for filing this amended 8-K report (Form 8-K/A) was to correct an error in a previously issued press release regarding Burlington Stores' financial outlook. Specifically, a statement about the Adjusted EBITDA margin rate improvement was inaccurate in the initial release.

The original press release stated that the "Fourth quarter Adjusted EBITDA margin rate to be 30-40 basis points better than last year." The correction clarifies that this guidance applies to the "Full year Adjusted EBITDA margin rate to be 30-40 basis points better than last year."

No, this filing does not introduce new financial results. It is solely an amendment to correct a specific piece of guidance information that was misstated in a prior press release related to the fiscal third quarter of 2013.

This correction is important because it provides a more accurate projection of the company's expected profitability for the full fiscal year. Investors can now use the correct guidance to better assess the company's financial health and future performance trends, avoiding misinterpretations based on the initial, incorrect statement.