BURLINGTON TOWNSHIP, N.J. – Burlington Stores Inc. today reported robust financial results for its fiscal first quarter. The off-price retailer said revenue rose 14% to $2.8 billion, leading to earnings of $114.7 million, or $1.79 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
“We are pleased with our strong performance in the first quarter,” CEO Michael O’Sullivan stated. “Adjusted EPS grew 26% versus the first quarter of last year, which represented our 14th consecutive quarter of double-digit EPS growth. This track record demonstrates our ability to consistently convert sales into operating margin expansion thereby driving strong earnings flow-through.”
Burlington Stores sells branded apparel, footwear, accessories, and merchandise for the home at everyday low prices through 1,242 stores in 47 states, Washington, D.C., and Puerto Rico.The company said its store count increased by 127 in the quarter ended May 2.
“We are raising our full -year fiscal 2026 sales and earnings guidance, passing through the entire upside from the first quarter to the full year,” O’Sullivan said. “Our updated guidance is for comp store sales to increase 2% to 4%, and for EPS growth of 13% to 16%. These numbers underscore our ability to convert incremental comp sales into very strong earnings growth.”
Burlington now expects revenue for the year ending January 30 to increase in the range of 9% to 11% on top of the 9% increase in fiscal 2025. The company forecasts capital expenditures of $875 million in the full year, and the addition of 115 net new stores.
