Burlington Stores, Inc. reported a significant increase in financial performance for the fiscal year ending January 31, 2026, with net sales reaching $11.55 billion, an 8.8% increase from $10.62 billion in the previous fiscal year. The company's net income also rose to $610.2 million, compared to $503.6 million in fiscal 2024, driven by higher sales and an improved gross margin rate of 43.8%, up from 43.2% the prior year. This growth reflects the company's successful strategy of offering high-quality, branded merchandise at discounted prices, appealing to value-conscious consumers.
During the fiscal year, Burlington opened 131 new stores, bringing its total to 1,212 locations across 46 states, Washington D.C., and Puerto Rico. The company plans to continue its expansion, targeting approximately 110 net new store openings in fiscal 2026. The average size of new stores opened during fiscal 2025 was approximately 28,000 square feet. The company’s operational strategy emphasizes flexibility in purchasing, allowing it to respond quickly to market trends and consumer preferences, which has been crucial in maintaining its competitive edge in the off-price retail sector.
Burlington's customer engagement metrics showed a 2% increase in comparable store sales, indicating a positive response to its merchandising strategies. The company continues to focus on enhancing the shopping experience, with initiatives aimed at improving store layouts and inventory management. As of January 31, 2026, Burlington employed 83,309 associates, with 91% working in stores, reflecting its commitment to providing a robust in-store experience.
The company also reported a notable increase in cash flow, generating $1.23 billion from operating activities, up from $863.4 million in the previous year. This increase in liquidity supports Burlington's ongoing capital expenditures, which totaled $1.1 billion for fiscal 2025, primarily for new store openings and supply chain enhancements. Looking ahead, Burlington anticipates continued growth, although it acknowledges potential challenges from macroeconomic conditions, including inflation and consumer spending patterns, which could impact future performance.
In summary, Burlington Stores, Inc. demonstrated strong financial results and strategic growth in fiscal 2025, with plans for further expansion and operational improvements. The company remains focused on delivering value to its customers while navigating the complexities of the retail environment.
About Burlington Stores, Inc.
Burlington Stores, Inc. is a U.S.-based off-price retailer offering a broad assortment of high-quality, branded merchandise at everyday low prices. Its product range includes apparel, footwear, accessories, home goods, and more, sourced opportunistically from national manufacturers. Operating over 1,100 stores across 46 states, Washington D.C., and Puerto Rico, Burlington targets value-conscious, brand-aware customers seeking a "treasure hunt" shopping experience in brick-and-mortar locations.
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