Burlington Stores, Inc.

Listed Company

BURLCIK 0001579298NYSELarge AcceleratedRetail-Department StoresDelawareFY ends Feb 1

Period

FY 2026

Revenue

$11.57B

Net Income

$610.15M

Total Assets

$9.92B

Equity

$1.81B

Shares Out

62.69M

Op. Cash Flow

$1.23B

Business

Burlington Stores, Inc. is a nationally recognized off-price retailer selling branded merchandise at everyday low prices through company-operated stores. It offers in-season, fashion-focused women's, men's, youth and baby apparel, beauty, footwear, accessories, home goods, toys, gifts and outerwear sourced from national manufacturers. Operations center on store retailing supported by distribution centers, warehousing, and merchandising and sourcing teams that manage buying and inventory. The company serves customers across the United States, Washington, D.C. and Puerto Rico, distributing merchandise primarily through its store network and centralized distribution centers.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	11,550	10,617	9,709	8,685	9,307
Other revenue	17	18	18	18	16
Total revenue	11,567	10,635	9,727	8,703	9,322
Cost of sales	6,487	6,025	5,584	5,172	5,436
Selling, general and administrative expenses	3,817	3,547	3,288	2,877	2,869
Costs related to debt amendments	112,000	5	97,000	—	3
Depreciation and amortization	418	348	307	270	249
Impairment charges - long-lived assets	10	13	6	21	8
Other income - net	−31	−17	−16	−27	−12
Loss on extinguishment of debt	0	1	38	15	156
Interest income	−21	−32	−25	—	—
Interest expense	71	70	78	—	—
Total costs and expenses	10,751	9,960	9,262	8,395	8,777
Income before income tax expense	816	675	466	308	545
Income tax expense	206	171	126	77	136
Net income	610	504	340	230	230
Net income per common share - basic	9.69	7.91	5.25	3.51	6.14
Net income per common share - diluted	9.51	7.8	5.23	3.49	6
Weighted average number of common stock - basic	63	64	65	66	67
Weighted average number of common stock - diluted	64	65	65	66	68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	1,233	995	925	873	1,091
Accounts receivable-net of allowance for doubtful accounts of $1,611 and $2,959, respectively	105	88	74	71	54
Merchandise inventories	1,312	1,251	1,088	1,182	1,021
Assets held for disposal	3	32	23	20	4
Prepaid and other current assets	118	263	216	132	371
Total current assets	2,772	2,629	2,327	2,284	2,548
Property and equipmentnet	3,164	2,370	1,880	1,668	1,552
Operating lease assets	3,625	3,387	3,133	2,946	2,638
Tradenames	238	238	238	238	238
Goodwill	47	47	47	47	47
Deferred tax assets	2	2	2	3	4
Other assets	71	98	79	84	62
Total assets	9,919	8,770	7,707	7,270	7,090
Accounts payable	1,019	1,038	956	956	1,081
Current operating lease liabilities	425	407	411	401	359
Other current liabilities	734	657	647	541	494
Current maturities of long term debt and other current debt	71	171	14	14	14
Total current liabilities	2,249	2,273	2,029	1,912	1,948
Long term debt	2,012	1,540	1,395	1,462	1,541
Long term operating lease liabilities	3,497	3,254	2,985	2,825	2,539
Other liabilities	76	74	74	69	81
Deferred tax liabilities	278	259	228	206	220
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.0001 par value: authorized: 50,000,000 shares; no shares issued and outstanding	—	—	—	—	—
Common stock, $0.0001 par value: Authorized: 500,000,000 shares Issued: 83,337,586 shares and 82,805,353 shares, respectively Outstanding: 62,717,720 shares, 63,284,385 shares, respectively	9,000	8,000	8,000	8,000	7,000
Additional paid-in-capital	2,370	2,238	2,118	2,016	1,928
Accumulated earnings	2,098	1,488	984	644	414
Accumulated other comprehensive income	17	43	34	29	−4
Treasury stock, at cost	−2,678	−2,397	−2,139	−1,894	−1,577
Total stockholders' equity	1,807	1,370	997	795	760
Total liabilities and stockholders' equity	9,919	8,770	7,707	7,270	7,090

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income	610	504	340	230	409
Amortization of deferred financing costs	3	3	3	4	5
Accretion of long term debt instruments	2	1	958,000	949,000	889,000
Deferred income taxes	28	29	21	−25	52
Non-cash stock compensation expense	107	88	84	67	59
Non-cash lease expense	−3	−10	−8	−523,000	−10
Cash received from landlord allowances	57	29	15	23	34
Accounts receivable	−18	−14	−4	−13	10
Merchandise inventories	−61	−163	94	−161	−280
Prepaid and other current assets	75	−47	−84	245	−56
Accounts payable	−24	87	−22	−125	215
Other current liabilities	32	10	81	45	−33
Other long term assets and long term liabilities	−2	1	4	−360,000	−3
Other operating activities	−637,000	−15	−6	230,000	18
Net cash provided by operating activities	1,231	863	869	596	833
Cash paid for property and equipment	−1,060	−880	−493	−447	−352
Lease acquisition costs	−23	−12	−25	−4	−576,000
Net proceeds from sale of property and equipment and assets held for sale	28	10	14	28	9
Net cash used in investing activities	−1,055	−882	−504	−423	−344
Proceeds from long term debt- 2027 Convertible Notes	—	—	297	—	—
Principal payment on long term debt- 2025 Convertible Notes	−156	—	−387	−78	−202
Purchase of treasury shares	−278	−256	−243	−317	−267
Proceeds from stock option exercises	25	32	19	21	40
Other financing activities	−8	10	5	−8	−14
Net cash provided by (used in) financing activities	61	88	−319	−392	−778
Increase (decrease) in cash and cash equivalents	238	69	46	−218	−289
Interest paid	73	85	88	51	53
Income tax payments - net	171	170	86	−208	130
Finance lease modification	—	−2	—	−6	—
Accrued purchases of property and equipment	155	103	110	66	63
Land purchased through issuance of promissory note	51	—	—	—	—

Filings

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