Burlington Stores Reports 11% Revenue Growth to $3.0 Billion in Latest Quarter

Burlington Stores, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $3.0 billion for the three months ended August 1, 2026, a 11% increase from $2.7 billion in the same period last year. For the first half of Fiscal 2026, the company generated $5.9 billion in revenue, up 12.5% from $5.2 billion in the prior year. Net income for the second quarter was $184.3 million, compared to $94.2 million in the same quarter of the previous year, while net income for the first half increased to $299.0 million from $195.0 million.

The company's performance was bolstered by a 2% increase in comparable store sales, contributing an additional $42 million to net sales. The growth in revenue was also supported by the opening of 149 new stores since the end of the second quarter of Fiscal 2025. Burlington's gross margin improved to 46.2% in the second quarter, up from 43.7% a year earlier, largely due to $55.5 million in tariff refunds and enhanced merchandise margins.

Burlington's operational metrics indicate a strong focus on expansion and efficiency. The company operated 1,287 stores across 47 states, Washington D.C., and Puerto Rico as of August 1, 2026, having opened 91 new stores and closed four during the first half of the fiscal year. The company continues to invest in its supply chain and store redesigns to enhance customer experience and operational efficiency. Selling, general, and administrative expenses as a percentage of net sales decreased to 34.0% from 35.2% year-over-year, reflecting improved cost management.

In terms of financial health, Burlington's total assets increased to $10.0 billion, up from $9.3 billion a year earlier, while total liabilities rose to $8.0 billion. The company reported a decrease in cash and cash equivalents to $703.7 million from $747.6 million a year prior. Burlington's long-term debt stood at $1.9 billion, with no outstanding borrowings under its ABL Line of Credit as of August 1, 2026. The company has also authorized a share repurchase program, with $217.6 million remaining under its current authorization.

Looking ahead, Burlington Stores aims to continue its growth trajectory by opening at least 100 new stores annually and enhancing its supply chain capabilities. The company remains cautious about macroeconomic conditions, including inflation and consumer spending patterns, which could impact its performance. However, Burlington's strategic initiatives and operational improvements position it well for future growth.