10-KPeriod: FY2026

Burlington Stores, Inc. Annual Report, Year Ended Jan 31, 2026

Filed March 19, 2026For Securities:BURL

Summary

Burlington Stores, Inc. reported strong performance for the fiscal year ended January 31, 2026, with net sales increasing by 8.8% to $11.55 billion, driven by both new store openings and a 2% increase in comparable store sales. The company's strategic focus on merchandising improvements, store experience enhancements, and supply chain efficiency contributed to a gross margin expansion to 43.8%. Despite inflationary pressures and a competitive retail environment, Burlington demonstrated resilience, with net income rising to $610.2 million from $503.6 million in the prior year. The company continues its aggressive store expansion strategy, aiming for a long-term target of 2,000 stores, with plans to open approximately 110 net new stores in Fiscal 2026. Investments in supply chain modernization and a disciplined approach to capital allocation, including a $500 million share repurchase authorization, underscore management's commitment to driving shareholder value. Burlington is well-positioned to navigate the dynamic retail landscape by focusing on its off-price value proposition and adapting to evolving customer preferences.

Financial Highlights

26 data points
Beta

Revenue

$11.57B

43.9% Gross Margin

Net Income

$610.15M

5.3% Net Margin

EPS (Diluted)

$9.51

Free Cash Flow

$171.59M

Financial Statements
Beta
Revenue$11.57B
Cost of Revenue$6.49B
Gross Profit$5.08B
SG&A Expenses$3.82B
Operating Expenses$10.75B
Net Income$610.15M
EPS (Basic)$9.69
EPS (Diluted)$9.51
Shares Outstanding (Basic)62.98M
Shares Outstanding (Diluted)64.13M

Key Highlights

  • 1Net sales grew by 8.8% to $11.55 billion for the fiscal year ended January 31, 2026.
  • 2Comparable store sales increased by 2% for the fiscal year.
  • 3Gross margin improved to 43.8% of net sales, up from 43.2% in the prior year.
  • 4Net income reached $610.2 million, a significant increase from $503.6 million in the prior fiscal year.
  • 5The company operated 1,212 stores as of January 31, 2026, with plans to open approximately 110 net new stores in Fiscal 2026.
  • 6Burlington maintained a strong liquidity position with $1.23 billion in cash and cash equivalents.
  • 7The company continued its share repurchase program, with $385 million remaining under its authorization as of January 31, 2026.

Frequently Asked Questions

Burlington Stores, Inc. reported net sales of $11.55 billion for the fiscal year ended January 31, 2026, representing an 8.8% increase compared to the prior fiscal year. This growth was driven by both new store openings and a 2% increase in comparable store sales.

The company showed improved profitability, with net income increasing to $610.2 million for the fiscal year ended January 31, 2026, up from $503.6 million in the prior fiscal year. This increase was primarily attributed to higher sales and an improved gross margin rate.

Burlington is actively pursuing its store expansion strategy with a long-term target of 2,000 stores. For the fiscal year ending January 30, 2027 (Fiscal 2026), the company plans to open approximately 110 net new stores, focusing on attractive locations and optimizing store design.

The company ended the fiscal year with a strong cash position of $1.23 billion. Burlington is also actively managing its capital structure, evidenced by its ongoing share repurchase program, under which $385 million remained authorized as of January 31, 2026. The company has also strategically managed its debt, including refinancing and upsizing its Term Loan Facility and managing its convertible notes.