01—Abstract
Summary
Summary of the 10-K filed March 19, 2026. Cited figures are marked; the original filing is the authoritative source.
Burlington Stores, Inc. reported strong performance for the fiscal year ended January 31, 2026, with net sales increasing by 8.8% to $11.55 billiona, 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 millionb 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 millionc 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.
02—Key points
Key Highlights
- Net sales grew by 8.8% to $11.55 billion for the fiscal year ended January 31, 2026.
- Comparable store sales increased by 2% for the fiscal year.
- Gross margin improved to 43.8% of net sales, up from 43.2% in the prior year.
- Net income reached $610.2 million, a significant increase from $503.6 million in the prior fiscal year.
- The company operated 1,212 stores as of January 31, 2026, with plans to open approximately 110 net new stores in Fiscal 2026.
- Burlington maintained a strong liquidity position with $1.23 billion in cash and cash equivalents.
- The company continued its share repurchase program, with $385 million remaining under its authorization as of January 31, 2026.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2026filed March 19, 2026Financial Statements
FY2026 against FY2025
| Line item | FY2026FY2025 | Change |
|---|---|---|
| Revenue | $11.57B$10.63B | +8.8% |
| Cost of Revenue | $6.49B$6.03B | +7.7% |
| Gross Profit | $5.08B$4.61B | +10.2% |
| SG&A Expenses | $3.82B$3.55B | +7.6% |
| Operating Expenses | $10.75B$9.96B | +7.9% |
| Net Income | $610.15M$503.64M | +21.1% |
| EPS (Basic) | $9.69$7.91 | +22.5% |
| EPS (Diluted) | $9.51$7.80 | +21.9% |
| Shares Outstanding (Basic) | 62.98M63.63M | −1.0% |
| Shares Outstanding (Diluted) | 64.13M64.59M | −0.7% |
05—Questions
Frequently Asked Questions
What was Burlington's revenue growth for the fiscal year ended January 31, 2026?
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.
How did Burlington's profitability change in the most recent fiscal year?
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.
What is Burlington's strategy for store expansion?
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.
How is Burlington managing its financial resources and capital structure?
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.
06—Continue