Burlington Stores Reports Strong Q2 Earnings Amid Store Expansion
Burlington Stores (NYSE: BURL) reported second-quarter earnings for fiscal year 2026, showing strong financial performance driven by new store openings and operational improvements. Total sales reached $2,998 million, a 11% increase from the prior year, with comparable store sales rising 2%. Adjusted EPS came in at $2.37, up 38%, excluding the impact of $55 million in tariff refunds received during the quarter. The company's adjusted EBIT margin expanded by 100 basis points to 7.0% due to higher merchandise margins and efficiency gains across supply chain operations and SG&A expenses. Burlington opened 45 net new stores, bringing its total store count to 1,287 locations—the highest level of growth in the company's history for a trailing twelve-month period. Looking ahead, management provided full-year guidance with sales expected to grow between 10% and 11%, while adjusted EPS is projected to range from $11.77 to $11.97.
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