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Burlington Stores, Inc.BURL

Sector
Consumer
Industry
Retail-Department Stores
Exchange
NYSE

Stock Price $BURL

Latest filings

You are here#30 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K106

BURL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 106 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’16Jul ’16
  2. FY2019 annual report10-K · Mar ’19Mar ’19
  3. Leadership change8-K · Nov ’21Nov ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  15. $11.57B
YoY changeLargest recent move+62.1%in FY22Latest +8.8%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All BURL Financial Metrics57 metrics

Income Statement14

Balance Sheet24

Cash Flow14

Per Share5

02—Overview

Burlington Stores, Inc. Financial Overview 2022–2026

Updated Aug 8, 2026

Burlington Stores expanded its gross margin to 43.8%a 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 millionb 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 billionc. 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 milliond 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.

03—Filings

Recent SEC Filings

  1. 8-KBurlington Stores, Inc. 8-K Report, Financial Results (Aug 27, 2026)Burlington Stores (BURL) reported strong second-quarter fiscal 2026 results for the quarter ended August 1, 2026. Total sales rose 11% to $2,998 million on top of 10% growth a year earlier, while comparable store sales increased 2%. GAAP net income was $184 million, or $2.88 per diluted share, versus $1.47 a year ago. Excluding a $55 million pre-tax tariff refund benefit ($41 million after tax) and bankruptcy-acquired lease expenses, Adjusted EPS rose 38% to $2.37, and Adjusted EBIT margin expanded 100 basis points. Management noted this was the 15th consecutive quarter of double-digit EPS growth. The quality of the beat warrants some scrutiny. Gross margin expanded 250 basis points to 46.2%, but roughly 180 basis points of that reflected the one-time tariff refund; underlying merchandise margin improved about 70 basis points. Management stated it intends to reinvest the refunds into lower prices during the second half, so the refunds are expected to be neutral to full-year earnings. Comparable sales growth of 2% was modest, and reserve inventory fell to 43% of total inventory from 50% a year earlier, which may reflect a more disciplined opportunistic buying posture or a shift in merchandise mix. Management raised full-year fiscal 2026 Adjusted EPS guidance to $11.77-$11.97 (from a prior range that management says is passed through the Q2 beat), with comparable sales growth of 3%-4% and total sales growth of 10%-11%. Third-quarter guidance is softer, calling for Adjusted EPS of $1.60-$1.70 versus $1.80 last year and an Adjusted EBIT margin decline of 60-80 basis points, as the company reinvests the tariff refunds. Liquidity stood at $1.65 billion, with $1.91 billion of total debt, and the company repurchased $87 million of stock during the quarter.
  2. 8-KBurlington 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.
  3. 8-KBurlington Stores, Inc. 8-K Report, Financial Results (May 28, 2026)Burlington Stores (BURL) reported first-quarter fiscal 2026 results (quarter ended May 2, 2026) that beat its own guidance on sales, margins, and earnings, and raised full-year guidance. Net sales rose 14% to $2,852 million, comparable store sales rose 6%, and GAAP diluted EPS was $1.79, up from $1.58. Gross margin expanded 30 basis points to 44.1%, driven by higher merchandise margin and lower freight costs. Management called this the 14th consecutive quarter of double-digit EPS growth and said it is passing the entire first-quarter upside through to the full year. Full-year fiscal 2026 guidance now calls for total sales growth of 9% to 11%, comparable store sales growth of 2% to 4%, and adjusted EPS of $11.45 to $11.80, versus $10.17 in fiscal 2025. That implies roughly 13% to 16% EPS growth. Q2 guidance calls for adjusted EPS of $2.05 to $2.20, compared with $1.72 a year ago, and comparable store sales growth of 1% to 3%. Inventory rose 10% to $1,444 million, with reserve inventory falling to 41% of the total from 48%, which suggests a healthier mix. Liquidity was $1,689 million, and the company repurchased $81 million of stock and retired $111 million of convertible notes during the quarter. Investors should note that the release reports two different sets of adjusted figures. The headline adjusted EPS of $2.10 (Adjusted Net Income of $134 million) and adjusted EBIT of $179 million differ from the reconciliation tables, which show $2.01 (Adjusted Net Income of $128.9 million), adjusted EBIT of $171.7 million, and adjusted EBITDA of $276.3 million (versus $284 million in the headline). The reconciliation tables also show the prior-year figure as $1.60, versus $1.67 in the headline. The reconciliation tables also show a fiscal 2025 adjusted EPS of $9.76, while the guidance section cites $10.17. The gap appears to come from the treatment of lease-related and other adjustments. Investors should confirm which measure management uses when comparing results and guidance.
  4. 8-KBurlington Stores, Inc. 8-K Report, Shareholder Vote Results (May 26, 2026)Burlington Stores, Inc. (BURL) filed this Form 8-K to report the voting results of its annual stockholder meeting held May 19, 2026. Holders of 59,553,183 shares, about 95% of shares outstanding and eligible to vote, were represented, which exceeded the quorum requirement. Stockholders elected all seven directors to one-year terms, ratified Deloitte & Touche LLP as the independent auditor for fiscal 2026 (ending January 30, 2027), approved the advisory say-on-pay proposal, and chose an annual frequency for future say-on-pay votes. The filing reports no changes to the company's governance structure beyond these routine matters. The election results were broadly supportive, but one director drew meaningful opposition. Jordan Hitch received 6.96 million votes against, roughly 11.9% of votes cast for or against him, while the other six nominees each received under 2.1 million against votes. Auditor ratification was strong, with about 96.4% of total shares voted in favor. The say-on-pay proposal passed with roughly 87.9% of votes cast in favor, excluding broker non-votes. That is a solid endorsement, though about 7.0 million shares voted against executive pay, which suggests some investor concern about compensation practices. The frequency vote was decisive, with about 99% of votes cast favoring an annual say-on-pay vote. The board has adopted that cadence, so stockholders will be asked to vote on executive compensation every year until the next frequency vote or until the board decides otherwise. For investors, the filing signals stable governance and continued shareholder oversight of pay and directors, with the Hitch and say-on-pay opposition as the main points to monitor.
  5. 8-KBurlington Stores, Inc. 8-K Report, Corporate Update (Mar 13, 2026)Burlington Stores, Inc. (BURL) disclosed that on March 12, 2026 it entered into privately negotiated exchange agreements with certain holders of its 1.25% Convertible Senior Notes due 2027. The holders agreed to exchange $81,874,000 in aggregate principal amount of the Notes for a combination of cash and shares of common stock. The mix of cash and shares will be set by a formula tied to the volume-weighted average price of the common stock over a one-day measurement period on March 13, 2026. The filing does not disclose the resulting cash amount, share count, or the remaining principal of Notes outstanding, because the per-holder calculations in Exhibit A are blank in the form provided. For investors, the transaction is a debt-reduction and capital-structure action that replaces a portion of the 2027 convertible notes with cash and equity. Shares issued in the exchange will be issued without Securities Act registration under a private-placement exemption and are expected to be listed on the NYSE. The exchange is expected to close on March 19, 2026, with termination rights if closing has not occurred by March 25, 2026. Holders will not receive additional cash for accrued interest, and they agreed not to convert the Notes before closing. Because the share issuance is priced off the March 13 VWAP and the exact dilution depends on that price, investors will need the company's subsequent disclosure to size the economic impact. The filing is a standard form exchange agreement and includes representations, a Company covenant to publicly disclose the transaction by 9:00 a.m. New York time on the first business day after signing, and a placement agent (J. Wood Capital Advisors LLC) with a Company-paid fee. The 8-K does not discuss the strategic rationale for the exchange or the company's liquidity position, so those points should be taken from management commentary or future filings.
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04—See also

Related Companies

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