Burlington Stores, Inc.BURL
Burlington Stores, Inc. Financial Overview 2022–2026
Updated Aug 8, 2026Burlington Stores expanded its gross margin to 43.8% in FY2026, proving its ability to optimize markdowns and squeeze profitability out of an inflationary retail landscape. This off-price retailer’s strategic commitment to opening approximately 100 net new stores annually demonstrates that physical value concepts remain a profitable growth engine despite macroeconomic headwinds.
The company's long-term financial arc reflects a massive operational recovery, as net income evolved from a $216.5 million net loss in FY2020 to a profit of $610.2 million in FY2026. Top-line performance supported this bottom-line growth, with revenue expanding from $9.3 billion in FY2021 to $11.55 billion by the close of FY2026. Over that same period, the retail footprint grew from 840 stores to 1,212 stores, keeping the company on track for its ultimate 2,000-store target. The market rewarded this steady execution. At the close of FY2025, the stock traded at 36.4x earnings with an $18.0 billion market cap and a share price of $283.93. By the close of FY2026, the stock price climbed to $295.86, trading at a more compressed 31.1x earnings multiple as earnings per share reached $9.51.
Recent Developments (Q3 2026 and Q1 2027)
Burlington Stores delivered robust top-line growth in Q1 2026, with revenue increasing 14.2% year-over-year to $2.86 billion. This was fueled by a 6% jump in comparable store sales and the opening of 40 new stores. Net income rose 13.8% to $114.7 million, yielding earnings per share of $1.79. Improved merchandise margins and lower freight costs drove a 30 basis point expansion in gross margin to 44.1%. Management also actively strengthened the capital structure by retiring $81.9 million in convertible notes due in 2027. Leadership updates include John Pershing assuming the Chief Human Resources Officer role in October 2026.
Bulls see an efficient operator continually driving traffic and quarterly margin expansion. Bears warn that an 11% year-over-year increase in inventory and $15.3 million in debt exchange charges could strain cash flow, particularly with the stock richly valued at 31.6x earnings as of May 28, 2026.
What to watch: inventory absorption alongside rapid store expansion; execution of the upcoming executive transition.
Rev
$11.57B
FY2026
NI
$610.2M
FY2026
EPS
$9.69
FY2026
OCF
$1.23B
FY2026
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All BURL Financial Metrics(57)
Income Statement
Balance Sheet
- Cash & ST Investments
- Total Assets
- Current Assets
- Cash
- Receivables
- Inventory
- Prepaid & Other
- PP&E
- Goodwill
- Intangibles
- Other Non-current
- Total Liabilities
- Current Liabilities
- Accounts Payable
- Short-Term Debt
- Long-Term Debt
- Other Non-current Liab.
- Equity
- Retained Earnings
- Accumulated OCI
- APIC
- Treasury Stock
- Total L&E
- Shares Outstanding
Cash Flow
Recent SEC Filings
Burlington Stores, Inc. 8-K Report, Financial Results (Aug 27, 2026)
Burlington Stores, Inc. has filed an 8-K report on August 27, 2026, to announce its second quarter fiscal 2026 operating results. The report primarily furnishes a press release (Exhibit 99.1) detailing these financial outcomes for the quarter ended August 1, 2026. While the specific details of the financial performance are contained within the furnished press release, this 8-K serves as the official notification and public dissemination of that information to investors and the market. Investors should carefully review the press release for crucial metrics such as revenue, net income, earnings per share (EPS), comparable store sales, and any management commentary on performance drivers, challenges, and outlook. The furnished information is subject to the standard disclaimer that it is being furnished and not deemed "filed" for certain SEC purposes, which is typical for earnings release announcements.
Burlington Stores, Inc. 8-K Report, Executive Changes (Aug 4, 2026)
Burlington Stores, Inc. announced the departure of Matthew Pasch, Executive Vice President and Chief Human Resources Officer, effective September 1, 2026. Mr. Pasch will receive benefits and pro-rata vesting of his 2024 performance-based restricted stock unit award as per the Executive Severance Plan and a Severance Agreement entered into on July 31, 2026. The full details of this agreement will be disclosed in a future 10-Q filing. In a related development, the company has appointed John Pershing to succeed Mr. Pasch as EVP and CHRO, effective October 2026. Mr. Pershing brings extensive experience from previous HR leadership roles at prominent retail companies including Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy, indicating a strategic move to leverage his expertise in human capital management.
Burlington Stores, Inc. 8-K Report, Financial Results (May 28, 2026)
Burlington Stores, Inc. (BURL) has filed an 8-K report on May 28, 2026, primarily to announce its first-quarter operating results for the period ended May 2, 2026. While the filing itself is brief, it references a furnished press release (Exhibit 99.1) containing the detailed financial and operational performance for the quarter. Investors should refer to this press release for specific figures regarding revenue, profitability, comparable store sales, and any forward-looking guidance provided by the company. The 8-K serves as the official notification of this earnings release and directs stakeholders to the accompanying document for substantive information.
Burlington Stores, Inc. 8-K Report, Shareholder Vote Results (May 26, 2026)
Burlington Stores, Inc. (BURL) filed an 8-K detailing the results of its annual meeting of stockholders held on May 19, 2026. The meeting saw high participation, with approximately 95% of outstanding shares represented, indicating strong shareholder engagement. Key proposals voted on included the election of seven directors, ratification of Deloitte & Touche LLP as the independent auditor, an advisory vote on executive compensation, and the frequency of future advisory votes on executive compensation. All proposals received substantial support from shareholders. The election of all seven directors passed with a significant majority, and the appointment of Deloitte & Touche LLP as the independent auditor was ratified. Notably, the advisory "Say-On-Pay" vote also passed, although with a notable number of dissenting votes. Shareholders overwhelmingly supported holding the advisory vote on executive compensation annually. These results suggest continued confidence in the company's board and financial oversight, with a clear preference for annual review of executive pay.
Burlington Stores, Inc. 8-K Report, Corporate Update (Mar 13, 2026)
Burlington Stores, Inc. announced today a significant event related to its debt structure, entering into privately negotiated exchange agreements to repurchase a portion of its outstanding 1.25% Convertible Senior Notes due 2027. Approximately $81.9 million in principal amount of these notes will be exchanged for a combination of cash and Burlington's common stock. This move aims to deleverage the company's balance sheet and potentially reduce future interest expenses associated with these notes.
View all 8-K filings →