Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2025 Earnings

Core Insights - Burlington Stores, Inc. reported strong financial performance for the fourth quarter and full year ended January 31, 2026, with notable increases in sales and earnings per share [2][4][6]. Financial Performance - Q4 total sales grew 11% to $3,643 million, while comparable store sales increased 4% [4][5]. - FY25 total sales increased by 9% compared to the previous year, with comparable store sales rising 2% [2][4]. - Q4 net income was $310 million, translating to diluted EPS of $4.84, up from $4.02 in the same quarter last year [4][5]. - FY25 net income reached $610 million, with diluted EPS of $9.51, compared to $7.80 in FY24 [4][6]. Margin and Earnings Growth - Q4 adjusted EBIT margin improved by 100 basis points year-over-year, exceeding expectations [2][4]. - Adjusted EPS for Q4 increased by 21% to $4.99, surpassing guidance of $4.50 to $4.70 [4][5]. - For FY25, adjusted EBIT margin was 8.0%, an increase of 80 basis points from FY24, leading to a 22% growth in adjusted EPS to $10.17 [4][6]. Inventory and Cost Management - Merchandise inventories rose 5% to $1,312 million, with comparable store inventories increasing by 12% [7]. - Product sourcing costs were $232 million, up from $217 million in Q4 FY24, but decreased as a percentage of net sales [5][7]. Liquidity and Debt - The company ended Q4 FY25 with $2,159 million in liquidity, including $1,233 million in unrestricted cash [10]. - Total outstanding debt was $2,082 million, with $1,719 million on the Term Loan facility [10]. Future Outlook - For FY26, Burlington expects total sales to increase by 8% to 10%, with comparable store sales projected to grow by 1% to 3% [11][12]. - The company plans to open 110 net new stores and a new distribution center in Savannah, GA [11]. - Adjusted EPS is anticipated to be in the range of $10.95 to $11.45, compared to $10.17 in FY25 [12].