0001193125-26-116001
SEC filingBurlington Stores, Inc. (BURL), a nationally recognized off-price retailer, delivered solid financial performance in fiscal year 2025 ended January 31, 2026. Total revenue totaled $11.57 billion, consisting of $11.55 billion in net sales and $17.3 million in other revenue. Net income was $610.2 million, equating to $10 per basic and diluted common share, based on weighted average shares of 63.0 million basic and 64.1 million diluted. Pre-tax income reached $816.1 million after total costs and expenses of $10.75 billion, including $6.49 billion cost of sales, $3.82 billion in selling, general and administrative expenses, $417.9 million depreciation and amortization, and $9.9 million impairment charges. Income tax expense was $206.0 million. The balance sheet reflected total assets of $9.92 billion, with $1.23 billion cash and equivalents, $1.31 billion merchandise inventories, $3.16 billion property and equipment net, and $3.62 billion operating lease assets. Stockholders' equity stood at $1.81 billion. Operating cash flow generated $1.23 billion, while investing activities used $1.06 billion mainly for property and equipment purchases of $1.06 billion. Net financing provided $61.5 million. As of January 31, 2026, the company operated 1,212 stores in 46 states, Washington D.C., and Puerto Rico, offering branded apparel, footwear, home goods, and more at discounts up to 60% off other retailers.
Burlington Stores, Inc. reported total revenue of $11.57 billion for FY 2025 ended January 31, 2026, with net sales at $11.55 billion and other revenue $17.3 million. Net income was $610.2 million, or $10 per basic and diluted share on 63.0 million basic and 64.1 million diluted weighted average shares. Income before tax expense totaled $816.1 million after costs and expenses of $10.75 billion, including cost of sales $6.49 billion, SG&A $3.82 billion, depreciation and amortization $417.9 million, impairment charges $9.9 million, costs related to debt amendments $112K, other income-net $31.3 million, interest expense $71.0 million, and interest income $20.9 million. Income tax expense was $206.0 million. The company, audited by an independent registered public accounting firm, presented consolidated financial statements confirming these results. Total assets balanced at $9.92 billion with liabilities and equity. This reflects execution of the off-price retail model with 1,212 stores. (152 words)
Revenue comprised net sales of $11.55 billion and other revenue of $17.3 million, totaling $11.57 billion. The company offers an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. No quantitative segment or geographic revenue breakdown is disclosed in the filing. The business operates as a single off-price retail segment with stores in 46 states, Washington D.C., and Puerto Rico. Expansion since 1972 has grown the store base to 1,212 locations as of January 31, 2026. (118 words)
Cost of sales was $6.49 billion. Selling, general and administrative expenses totaled $3.82 billion. Depreciation and amortization amounted to $417.9 million, with impairment charges on long-lived assets at $9.9 million. Other income-net contributed $31.3 million positively. Loss on extinguishment of debt was $0. Costs related to debt amendments were $112K. These expenses led to income before income tax of $816.1 million. No explicit gross or operating margins are stated. Net income after $206.0 million tax expense was $610.2 million, demonstrating profitability from the core off-price operations. (102 words)
Net cash provided by operating activities was $1.23 billion, starting from net income $610.2 million, adjusted for depreciation $417.9 million, impairment $9.9 million, non-cash stock compensation $106.7 million, and changes in working capital such as inventories decrease $61.1 million and accounts receivable $18.1 million. Investing activities used $1.06 billion, driven by $1.06 billion cash paid for property and equipment and $22.8 million lease acquisition costs, offset by net proceeds from sales -$27.5 million. Financing activities provided net $61.5 million, including proceeds from long-term debt $645.0 million and 2027 Convertible Notes $297.1 million, offset by principal payments $166.3 million and 2025 Notes $156.2 million, treasury purchases $278.4 million. Increase in cash and equivalents $237.8 million, ending at $879.2 million per cash flow statement; balance sheet shows cash and equivalents $1.23 billion. Total current assets $2.77 billion, current liabilities $2.25 billion. Long-term debt $2.01 billion, operating lease liabilities $3.50 billion long-term. Stockholders’ equity $1.81 billion, including accumulated earnings $2.10 billion, additional paid-in capital $2.37 billion, treasury stock $2.68 billion. Total assets and liabilities/equity $9.92 billion each. Interest paid $73.1 million, income taxes net $170.9 million. (248 words)
The company continues to focus on ongoing strategic initiatives aimed at operating with flexibility, responsiveness, and efficiency, while delivering value through the off-price model. These include initiatives discussed under “Ongoing Initiatives for Fiscal 2026”. Management’s Discussion references forward-looking statements based on current expectations, involving risks, uncertainties, and assumptions that could cause actual results to differ materially. Factors include those in the Cautionary Statement. No specific numerical guidance provided in the disclosed sections. Commitments and contingencies noted in Note 14. (92 words)