Burlington Stores, Inc. (BURL) Q2 2022 Earnings Call Transcript

For the period ending July 30, 2022

August 25, 2022 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning. My name is Julianne and I will be your conference operator today. At this time, I would like to welcome everyone to Burlington Stores' Second Quarter Fiscal 2022 Operating Results Conference Call.

All lines have been placed on mute to prevent any background noise. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I'd now like to introduce, David Glick, Group Senior Vice President, Investor Relations and Treasurer. Please go ahead.

David Glick

Thank you, operator, and good morning, everyone. We appreciate everyone's participation in today's conference call to discuss Burlington's fiscal 2022 second quarter operating results. Our presenters today are Michael O'Sullivan, our Chief Executive Officer and John Crimmins, Principal Financial Officer. Also on the call today is Kristin Wolfe, EVP and Chief Financial Officer.

Before I turn the call over to Michael, I would like to inform listeners that this call may not be transcribed, recorded or broadcast without our expressed permission. A replay of the call will be available until September 1st 2022. We take no responsibility for inaccuracies that may appear in transcripts of this call by third-parties. Our remarks and the Q&A that follows are copyrighted today by Burlington Stores.

Remarks made on this call concerning future expectations, events, strategies, objectives, trends, or projected financial results are subject to certain risks and uncertainties. Actual results may differ materially from those that are projected in such forward-looking statements. Such risks and uncertainties include those that are described in the company's 10-K for fiscal 2021 and in other filings with the SEC, all of which are expressly incorporated herein by reference.

Please note that the financial results and expectations we discuss today are on a continuing operations basis. Reconciliations of the non-GAAP measures we discuss today to GAAP measures are included in today's press release.

Now, here's Michael.

Michael O'Sullivan

Thank you, David. Good morning, everyone, and thank you for joining us. I would like to cover three topics this morning. Firstly, I will discuss our second quarter results. Then, I will review our outlook for the rest of the year.

Thirdly, I will talk about the longer-term outlook. After that, I will hand over to John to walk through the financial details, and then we will be happy to respond to any questions. Okay, let's talk about our results.