Burlington Stores Reports 7.1% Revenue Growth in Third Quarter, Expands Retail Footprint

Burlington Stores, Inc. reported a significant increase in financial performance for the third quarter and nine months ended November 1, 2025, with total revenues reaching $2.71 billion and $7.91 billion, respectively. This marks a 7.1% increase in quarterly revenue compared to $2.53 billion in the same period last year, and a 7.7% increase in year-to-date revenue from $7.35 billion. The company’s net income also rose, reaching $104.75 million for the third quarter, up from $90.60 million, and $299.77 million for the nine-month period, compared to $242.87 million in the prior year. The net income per share increased to $1.66 for the third quarter and $4.75 for the nine months, reflecting a positive trend in profitability.

The company experienced notable changes in its cost structure, with the cost of sales as a percentage of net sales decreasing to 55.8% in the third quarter from 56.1% a year earlier, driven by lower freight costs and improved merchandise margins. Selling, general, and administrative expenses also saw a slight decrease as a percentage of sales, down to 35.0% from 35.4%, although total expenses increased in dollar terms due to the opening of 108 new stores since the end of the previous fiscal year. The company reported impairment charges of $3.79 million for long-lived assets during the third quarter, a slight increase from $3.04 million in the prior year.

Strategically, Burlington Stores has expanded its footprint, operating 1,211 retail locations across 46 states, Washington D.C., and Puerto Rico as of November 1, 2025. The company opened 129 new stores, including 18 relocations, while closing eight stores. This expansion is part of a broader strategy to enhance its retail presence and improve customer experience through store relocations and downsizing initiatives. The company aims to operate approximately 2,000 stores in the long term, with plans to add about 100 net new stores annually over the next five years.

Operationally, Burlington reported a 1% increase in comparable store sales for the third quarter and a 2% increase for the nine-month period, indicating stable customer engagement. The company’s inventory levels rose to $1.66 billion, reflecting an increase in reserve inventory and the impact of new store openings. The company continues to focus on optimizing its supply chain and inventory management to enhance sales and customer satisfaction.

Looking ahead, Burlington Stores remains cautious about the macroeconomic environment, including inflation and consumer spending patterns, which could impact future performance. The company is committed to driving comparable store sales growth, enhancing its merchandising capabilities, and maintaining a disciplined approach to capital expenditures. With a robust liquidity position, including $584.08 million in cash and cash equivalents, and access to a $1 billion ABL Line of Credit, Burlington is well-positioned to navigate potential challenges while pursuing its growth objectives.