Burlington Stores, Inc. Commitments Disclosure

14. Commitments and Contingencies

Legal

In the course of business, the Company is party to class or collective actions alleging violations of federal and state wage and hour and other labor statutes, representative claims under the California Private Attorneys’ General Act and various other lawsuits and regulatory proceedings from time to time including, among others, commercial, product, employee, customer, intellectual property, privacy and other claims. Actions against us are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. While no assurance can be given as to the ultimate outcome of these matters, the Company believes that the final resolution of these actions will not have a material adverse effect on the Company’s results of operations, financial position, liquidity or capital resources.

Letters of Credit

The Company had irrevocable letters of credit in the amounts of $50.4 million and $52.5 million as of January 31, 2026 and February 1, 2025, respectively.

Letters of credit outstanding as of January 31, 2026 and February 1, 2025 amounted to $49.8 million and $51.9 million, respectively, guaranteeing performance under various lease agreements, insurance contracts, and utility agreements. The Company also had outstanding letters of credit arrangements in the aggregate amount of $0.5 million at January 31, 2026, related to certain merchandising agreements, and $0.6 million at February 1, 2025. Based on the terms of the agreement governing the ABL Line of Credit, the Company had the ability to enter into letters of credit up to $149.6 million and $147.5 million as of January 31, 2026 and February 1, 2025, respectively.

Inventory Purchase Commitments

The Company had $1,774.0 million of purchase commitments related to goods that were not received as of January 31, 2026.