Burlington Stores, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $2.705 billion for the three months ended August 2, 2025, a 9.7% increase from $2.461 billion in the same period last year. For the first half of the fiscal year, revenue rose to $5.209 billion, up 7.9% from $4.818 billion. The company’s net income also saw a notable increase, climbing to $94.2 million for the second quarter, compared to $73.8 million in the prior year, and $195.0 million for the six-month period, up from $152.3 million.
The growth in revenue and profitability was primarily driven by the opening of 81 new stores since the end of the previous fiscal year, alongside a 5% increase in comparable store sales for the second quarter. The company operated a total of 1,138 stores across 46 states, Washington D.C., and Puerto Rico as of August 2, 2025. The cost of sales as a percentage of net sales improved to 56.3% from 57.2% year-over-year, attributed to increased merchandise margins and decreased freight costs.
Burlington's operational strategies included a focus on enhancing its merchandising capabilities and optimizing inventory levels. The company plans to continue investing in training and tools to improve vendor relationships and merchandise sourcing. Additionally, Burlington aims to expand its retail footprint, targeting an average of 100 new stores annually over the next five years, with a long-term goal of operating 2,000 stores.
In terms of financial health, Burlington's total assets increased to $9.309 billion, up from $8.770 billion at the end of the previous fiscal year. The company reported a working capital of $480.3 million, significantly higher than $79.3 million a year earlier. Burlington's long-term debt stood at $2.019 billion, reflecting an increase due to recent amendments to its Term Loan Facility, which now includes $1.739 billion in term loans maturing in 2031.
Looking ahead, Burlington Stores remains cautious about the macroeconomic environment, particularly inflation and consumer spending patterns. The company is focused on maintaining operational flexibility and optimizing its supply chain to mitigate potential challenges. Management expressed confidence in its ability to leverage sales growth and improve profitability through strategic initiatives, despite uncertainties in the retail landscape.
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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