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Burlington Stores Inc
F:BUI

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Burlington Stores Inc
F:BUI
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Price: 266 EUR 0.76% Market Closed
Market Cap: €17B

Burlington Stores Inc
Investor Relations

Burlington Stores is an off-price retailer that sells brand-name clothing, shoes, accessories, home goods, and some beauty and baby items at lower prices than traditional department stores. It buys excess and closeout merchandise from manufacturers and other retailers, then resells those goods in its own stores to value-conscious shoppers looking for a bargain hunt experience. Its main customers are everyday consumers and families who want discounted branded products without paying full retail. Burlington makes money the simple retail way: it buys inventory at a low cost, marks it up, and keeps the difference after covering store, logistics, and operating costs. Because the company depends on available surplus inventory, its product mix changes often, which makes the shopping experience more varied than a standard chain store. That buying model is the key to Burlington’s place in retail. Instead of designing its own products or relying on a steady catalog, it acts as a clearing channel for unwanted or excess merchandise from brands and department stores. This lets Burlington offer a treasure-hunt style assortment and compete on price, while giving suppliers a way to move inventory quickly.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Mar 5, 2026
AI Summary
Q4 2026

Sales beat: Total sales grew 11% in Q4 and comp store sales were up 4%, handily above the prior guidance of 0%–2%.

Margin/earnings: Q4 operating margin expanded 100 bps and adjusted EPS was $4.99, up 21% year-over-year. Full-year operating margin expanded 80 bps and EPS grew 22%.

Tariff response: Management deliberately pulled back assortments in tariff-impacted home categories in 2025 to protect margins; this reduced sales upside but materially preserved earnings.

2026 tone: Management is bullish — raising full-year comp guidance to 1%–3% and planning to pursue upside while protecting margin (full-year comp guidance embedded in the broader sales guidance).

2026 guidance: Company expects total sales up 8%–10% (assumes 110 net new stores), comp store sales +1%–3%, adjusted EBIT margin flat to +20 bps and EPS $10.95–$11.45.

Q1 caveat: Q1 margin will be weaker (down 60–100 bps) due to tariff anniversary effects, markdown timing, DC start-up costs; Q1 sales are expected to be strong (total sales +9%–11%, comp +2%–4%).

Inventory/liquidity: Comparable store inventories were deliberately up 12% entering 2026; liquidity stands at approximately $2.2 billion (cash $1.2B, ABL availability $926M).

Capital allocation: Opened 104 net new stores in FY25; planning ~110 net new stores in FY26; FY26 capex ~$875M and $385M remains on repurchase authorization.

Key Financials
Total sales (Q4 2025)
increased 11%
Comparable store sales (Q4 2025)
increased 4%
Two‑year comp stack (Q4 2025)
up 10%
Adjusted EBIT margin (Q4 2025)
12.1%
Adjusted earnings per share (Q4 2025)
$4.99
Gross margin rate (Q4 2025)
43.7%
Product sourcing costs (Q4 2025)
$232 million
Comparable store inventories (end Q4 2025)
up 12%
Reserve inventory (end Q4 2025)
40% of total inventory
Total liquidity (end Q4 2025)
approximately $2.2 billion
Cash (end Q4 2025)
$1.2 billion
ABL availability (end Q4 2025)
$926 million
Share repurchases (Q4 2025)
$59 million (Q4); $251 million (FY 2025)
Remaining repurchase authorization
$385 million
Store count (end Q4 2025)
1,212 stores
Net new stores (FY 2025)
added 104 net new stores
New store openings (FY 2025)
131 new stores opened; 18 relocated; 9 closed
Full‑year total sales (FY 2025)
increased 9%
Full‑year comparable store sales (FY 2025)
increased 2%
Full‑year operating margin expansion (FY 2025)
expanded 80 basis points
Full‑year EPS growth (FY 2025)
increased 22%
2026 total sales guidance
increase 8% to 10%
2026 comp store sales guidance
increase 1% to 3%
2026 adjusted EBIT margin guidance
flat to an increase of 20 basis points vs last year
2026 adjusted EPS guidance
$10.95 to $11.45
2026 capital expenditures (net of landlord allowances)
approximately $875 million
2026 planned net new stores
approximately 110 net new stores
Q1 2026 total sales guidance
increase 9% to 11%
Q1 2026 comp store sales guidance
increase 2% to 4%
Q1 2026 adjusted EBIT margin guidance
down 60 to down 100 basis points vs Q1 2025
Q1 2026 adjusted EPS guidance
$1.60 to $1.75
Bankruptcy acquired lease costs
approximately $8 million in 2026 versus $35 million in 2025
Savannah DC go‑live
planned to open in second quarter 2026
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael B. O'Sullivan
CEO & Director
No Bio Available
Ms. Jennifer Vecchio
Group President & Chief Merchandising Officer
No Bio Available
Mr. Travis R. Marquette
President & COO
No Bio Available
Ms. Kristin Wolfe
Executive VP & CFO
No Bio Available
Mr. Matthew Pasch
EVP & Chief Human Resource Officer
No Bio Available
Mr. Stephen Ferroni
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Varadheesh Chennakrishnan
Executive VP & Chief Information Officer
No Bio Available
Mr. David J. Glick
Group Senior VP of Investor Relations & Treasurer
No Bio Available
Ms. Karen R. Leu
Group Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Eric Seeger
Executive Vice President of Planning & Allocation and MIO
No Bio Available

Contacts

Address
NEW JERSEY
Burlington
1830 Route 130 North
Contacts
+16093877800.0
www.burlington.com
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