Revenue: As of FY2026, the actual value is USD 11.55 B, beating the estimate of USD 11.5 B.EPS: As of FY2026, the actual value is USD 9.51, beating the estimate of USD 9.404.EBIT: As of FY2026, the actual value is USD 866.26 M.Burlington Stores, Inc. operates as a single reportable segment, with all revenue derived in the United States .<h4>Revenue</h4><ul><li>Net Sales: Burlington Stores, Inc. reported net sales of $11,549.6 million for Fiscal 2025, an 8.8% increase from $10,616.7 million in Fiscal 2024, primarily due to $691.4 million from new and non-comparable stores and a 2% increase, or $241.5 million, in comparable store sales . In Fiscal 2023, net sales were $9,709.0 million .</li><li>Other Revenue: Other revenue was $17.3 million in Fiscal 2025, $18.1 million in Fiscal 2024, and $18.5 million in Fiscal 2023 .</li><li>Total Revenue: Total revenue reached $11,566.9 million in Fiscal 2025, up from $10,634.8 million in Fiscal 2024 and $9,727.5 million in Fiscal 2023 .</li><li>Comparable Store Sales: Comparable store sales increased by 2% in Fiscal 2025, 4% in Fiscal 2024, and 4% in Fiscal 2023 .</li></ul><h4>Operational Metrics</h4><ul><li>Net Income: Net income for Fiscal 2025 was $610.2 million, an increase from $503.6 million in Fiscal 2024 and $339.6 million in Fiscal 2023, primarily due to higher sales and an improved gross margin rate .</li><li>Cost of Sales: Cost of sales as a percentage of net sales decreased to 56.2% in Fiscal 2025 from 56.8% in Fiscal 2024, mainly due to improved merchandise margin and freight costs . On a dollar basis, cost of sales increased by $461.7 million, or 7.7%, to $6,486.9 million in Fiscal 2025, compared to $6,025.3 million in Fiscal 2024 and $5,584.1 million in Fiscal 2023 .</li><li>Gross Margin: Gross margin as a percentage of net sales expanded to 43.8% in Fiscal 2025 from 43.2% in Fiscal 2024 .</li><li>Selling, General and Administrative (SG&amp;A) Expenses: SG&amp;A expenses as a percentage of net sales decreased to 33.1% in Fiscal 2025 from 33.4% in Fiscal 2024, driven by supply chain efficiency and store payroll costs, partially offset by increased occupancy costs . On a dollar basis, SG&amp;A increased by $270.2 million, or 7.6%, to $3,817.2 million in Fiscal 2025, compared to $3,547.0 million in Fiscal 2024 and $3,288.3 million in Fiscal 2023 .</li><li>Product Sourcing Costs: These costs, included in SG&amp;A, decreased approximately 20 basis points as a percentage of net sales in Fiscal 2025 compared to Fiscal 2024 . In dollar amounts, they were $851.8 million in Fiscal 2025, $800.4 million in Fiscal 2024, and $780.3 million in Fiscal 2023 .</li><li>Depreciation and Amortization: Depreciation and amortization expense increased to $417.9 million in Fiscal 2025 from $347.6 million in Fiscal 2024 and $307.1 million in Fiscal 2023, primarily due to new and non-comparable stores and investments in supply chain infrastructure .</li><li>Impairment Charges - Long-Lived Assets: Impairment charges were $9.9 million in Fiscal 2025, $12.9 million in Fiscal 2024, and $6.4 million in Fiscal 2023 .</li><li>Other Income, Net: Other income, net, improved to $31.3 million in Fiscal 2025, compared to $16.7 million in Fiscal 2024 and $16.2 million in Fiscal 2023, primarily due to a one-time settlement of certain layaway liabilities in Fiscal 2025 .</li><li>Loss on Extinguishment of Debt: There was no loss on extinguishment of debt in Fiscal 2025, compared to $1.4 million in Fiscal 2024 and $38.3 million in Fiscal 2023 .</li><li>Interest Income: Interest income decreased to $20.9 million in Fiscal 2025 from $31.5 million in Fiscal 2024 and $24.6 million in Fiscal 2023 .</li><li>Interest Expense: Interest expense increased to $71.0 million in Fiscal 2025 from $69.5 million in Fiscal 2024, but was lower than $78.4 million in Fiscal 2023 .</li><li>Income Tax Expense: Income tax expense was $206.0 million in Fiscal 2025, $171.2 million in Fiscal 2024, and $126.1 million in Fiscal 2023 .</li><li>Adjusted Net Income: Adjusted Net Income improved to $625.7 million in Fiscal 2025, from $527.9 million in Fiscal 2024 and $393.4 million in Fiscal 2023 .</li><li>Adjusted EBIT: Adjusted EBIT improved to $887.1 million in Fiscal 2025, from $745.4 million in Fiscal 2024 and $581.0 million in Fiscal 2023 .</li><li>Adjusted EBITDA: Adjusted EBITDA increased to $1,293.3 million in Fiscal 2025, from $1,093.0 million in Fiscal 2024 and $888.1 million in Fiscal 2023 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities was $1,231.4 million in Fiscal 2025, compared to $863.4 million in Fiscal 2024 and $868.7 million in Fiscal 2023 . The increase in Fiscal 2025 was primarily driven by improved net income and changes in working capital .</li><li>Net Cash Used in Investing Activities: Net cash used in investing activities was - $1,055.1 million in Fiscal 2025, compared to - $882.3 million in Fiscal 2024 and - $503.7 million in Fiscal 2023, primarily due to investments in supply chain infrastructure and new store construction .</li><li>Net Cash Provided by (Used in) Financing Activities: Net cash provided by financing activities was $61.5 million in Fiscal 2025, compared to - $88.2 million in Fiscal 2024 and - $318.8 million in Fiscal 2023 .</li><li>Cash and Cash Equivalents: Cash and cash equivalents increased by $237.8 million during Fiscal 2025, compared to an increase of $69.3 million during Fiscal 2024, with an ending balance of $1,232.5 million in Fiscal 2025 .</li></ul><h4>Unique Metrics</h4><ul><li>Store Count: Burlington Stores, Inc. operated 1,212 stores as of January 31, 2026, up from 1,108 stores at February 1, 2025, and 1,007 stores at February 3, 2024 .</li><li>Inventory: Merchandise inventories increased to $1,311.9 million as of January 31, 2026, from $1,250.8 million at February 1, 2025, primarily due to increased comparable store inventory and 104 net new stores . Reserve inventory was 40% of total inventory at the end of Fiscal 2025, down from 46% at the end of Fiscal 2024 .</li><li>Working Capital: Working capital was $522.3 million at January 31, 2026, compared with $356.3 million at February 1, 2025 .</li></ul><h4>Outlook / Guidance</h4>Burlington Stores, Inc. plans to open approximately 110 net new stores in Fiscal 2026, aiming for a long-term target of 2,000 stores . The company estimates capital expenditures of approximately $875 million for Fiscal 2026, with significant allocations for store expenditures and supply chain initiatives . Burlington Stores, Inc. intends to retain all available funds and future earnings to finance capital expenditures and business initiatives, and does not anticipate paying cash dividends in the near term .

Burlington Stores | 10-K: FY2026 Revenue Beats Estimate at USD 11.55 B