Jul 2026 (Q2 FY27) — Aug 27, 2026
Burlington Stores Q2 FY27 — Strong Earnings Growth Despite Tariff Reinvestment
Read the full callBurlington Stores (BURL) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Burlington Stores earnings: last reported Thu, 27 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,002 | +11.0% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Aug 2026 | Not in the filed figures for the quarter to aug 2026. No older figure is substituted. | ||
| Net profit | 184 | +95.7% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
29 of 31 judged targets kept · 31 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $2.05 to $2.20 | Apr 2026 | Our Q2 adjusted earnings per share was $2.37, which also came in above our guidance range of $2.05 and to $2.20. | Achieved |
| Adjusted EBIT margin change | flat to an increase of 20 basis points | Jan 2026 | and our adjusted EBIT margin to expand by 20 basis points to 40 basis points versus last year. | Revised Up |
| Adjusted EBIT margin increase | 10 to 30 basis points | Apr 2026 | Excluding these reinvestments, our underlying fall guidance of $7.30 to $7.50 and EBIT margin up 10 to 30 basis points is unchanged from the guidance we issued on our Q1 earnings call in May. | On Track |
2 of Burlington Stores, Inc.'s 62 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 59 more targets are in the full ledger.
Claimed
- Adjusted EPS increased 38% in Q2 FY27 to $2.37, on top of 39% growth last year, excluding tariff refunds.
- Total sales grew 11% in Q2 FY27, building on 10% growth last year.
- Operating margin expanded 100 basis points in Q2 FY27, reaching 7%, well above guidance of 60 bps.
- Gross margin rate increased 60 basis points to 44.3% in Q2 FY27, driven by a 70 bps merchandise margin increase.
- Opened 51 gross new stores (45 net) in Q2 FY27, contributing to 149 net new stores in the last 12 months.
Qualified
- Reinvestment of $55 million in tariff refunds in H2 FY27 is expected to result in lower gross margins and operating margins in Q3 and Q4 FY27.
- Comp store sales growth of 2% in Q2 FY27 was lower than management's hopes, despite solid execution.
- Elevated cannibalization impact of 1.5 percentage points on comp sales in Q2 FY27 due to high new store openings.
- Increased caution on consumer spending due to rising gas prices and underwhelming Q2 retail results across the sector.
- Potential risk from a 'super El Nino' implying warmer than normal fall/winter weather, which could negatively impact outerwear sales.
Price
$262.74 +0.03% · +$0.08
Performance −4.3% 1Y
1Y: $274.54 on 17 Oct 2025 → $262.74. High $372.19 (30 Jul 2026), low $227.28 (15 Sept 2026).
- Previous close
- $262.66
- 52-week range
- $227.28 – $372.19
- One year
- −1.69%
Overview
- Symbol
- BURL
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
29 of 31 judged targets kept · 31 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $2.05 to $2.20 | Apr 2026 | Our Q2 adjusted earnings per share was $2.37, which also came in above our guidance range of $2.05 and to $2.20. | Achieved |
| Adjusted EBIT margin change | flat to an increase of 20 basis points | Jan 2026 | and our adjusted EBIT margin to expand by 20 basis points to 40 basis points versus last year. | Revised Up |
| Adjusted EBIT margin increase | 10 to 30 basis points | Apr 2026 | Excluding these reinvestments, our underlying fall guidance of $7.30 to $7.50 and EBIT margin up 10 to 30 basis points is unchanged from the guidance we issued on our Q1 earnings call in May. | On Track |
Claimed
- Adjusted EPS increased 38% in Q2 FY27 to $2.37, on top of 39% growth last year, excluding tariff refunds.
- Total sales grew 11% in Q2 FY27, building on 10% growth last year.
- Operating margin expanded 100 basis points in Q2 FY27, reaching 7%, well above guidance of 60 bps.
- Gross margin rate increased 60 basis points to 44.3% in Q2 FY27, driven by a 70 bps merchandise margin increase.
- Opened 51 gross new stores (45 net) in Q2 FY27, contributing to 149 net new stores in the last 12 months.
Qualified
- Reinvestment of $55 million in tariff refunds in H2 FY27 is expected to result in lower gross margins and operating margins in Q3 and Q4 FY27.
- Comp store sales growth of 2% in Q2 FY27 was lower than management's hopes, despite solid execution.
- Elevated cannibalization impact of 1.5 percentage points on comp sales in Q2 FY27 due to high new store openings.
- Increased caution on consumer spending due to rising gas prices and underwhelming Q2 retail results across the sector.
- Potential risk from a 'super El Nino' implying warmer than normal fall/winter weather, which could negatively impact outerwear sales.
The full ledger
Open Burlington Stores, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 62 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 28, 2026
Burlington Stores Q1 FY27 — 26% EPS growth on a 6% comp beat and surprise margin expansion
Read the full callJan 2026 (Q4 FY25) — Mar 5, 2026
Burlington Stores Q4 FY25 — Strong Sales and Margin Expansion Despite Tariffs
Read the full callEvery analysed call
Burlington Stores earnings calls (BURL)
Financials
What the filings say
Net profit, year on year: +96% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,531 | 3,277 | 2,504 | 2,705 | 2,710 | 3,647 | 2,856 | 3,002 |
| Expenses | 2,413 | 2,930 | 2,371 | 2,578 | 2,572 | 3,230 | 2,714 | 2,760 |
| Interest | 18 | 19 | 16 | 17 | 19 | 19 | 16 | 20 |
| Profit before tax | 118 | 347 | 133 | 127 | 138 | 418 | 143 | 242 |
| Tax rate | 23.3% | 24.9% | 24.1% | 26.0% | 24.1% | 25.7% | 19.6% | 23.9% |
| Net profit | 91 | 261 | 101 | 94 | 105 | 310 | 115 | 184 |
| EPS ($ per share) | 1.43 | — | 1.60 | 1.49 | 1.66 | — | 1.83 | 2.93 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -261 | 205 | -12 | 414 | 644 | 984 | 1,488 | 2,098 |
| Total liabilities | 2,756 | 5,066 | 6,316 | 6,329 | 6,475 | 6,710 | 7,400 | 8,112 |
| Fixed assets | 1,254 | 1,403 | 1,439 | 1,552 | 1,668 | 1,880 | 2,370 | 3,164 |
| Total assets | 3,079 | 5,594 | 6,781 | 7,090 | 7,270 | 7,707 | 8,770 | 9,919 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 640 | 892 | 219 | 833 | 596 | 869 | 863 | 1,231 |
| Cash from investing | -299 | -325 | -274 | -344 | -423 | -504 | -882 | -1,055 |
| Cash from financing | -368 | -292 | 1,032 | -778 | -392 | -319 | 88 | 61 |
| Net cash flow | -27 | 276 | 977 | -289 | -218 | 46 | 69 | 238 |
| Capital expenditure | -296 | -328 | -273 | -352 | -447 | -493 | -880 | -1,060 |
| Free cash flow | 344 | 563 | -54 | 481 | 149 | 376 | -17 | 172 |
BURL operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Stores | 1,212In Q4, we opened one net new store, bringing our store count at the end of the year to 1,212 stores.Source: earnings call transcript | 1,242This resulted in the addition of 30 net new stores in Q1, bringing our store count at the end of the quarter to 1,242 stores.Source: earnings call transcript | 1,287This resulted in the addition of 45 net new stores in Q2 bringing our store count at the end of the quarter to 1,287 stores.Source: earnings call transcript | +3.6% |
| New stores opened | 2In Q4, we had 2 new store openings and one closing.Source: earnings call transcript | 40In Q1, we opened 40 gross new stores.Source: earnings call transcript | 51In Q2, we opened 51 gross new stores.Source: earnings call transcript | +27.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
147 filings between Nov 3, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$16.37M
84 sales by 6 insiders
85% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 33
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Vecchio Jennifer | — | $9.92M | Oct 1, 2026 |
| Wolfe Kristin | — | $2.79M | Jun 17, 2026 |
| Marquette Travis | — | $1.57M | May 5, 2026 |
| Pasch Matthew | — | $1.20M | Jun 5, 2026 |
| Ferroni Stephen | — | $790.1K | Jun 11, 2026 |
| Goodwin Michael | — | $104.0K | Mar 24, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 380 | $103.4K |
| Oct 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 591 | $160.4K |
| Oct 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 262 | $70.8K |
| Oct 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 344 | $94.0K |
| Oct 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 101 | $27.1K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 162 | $41.7K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 117 | $30.3K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 118 | $31.2K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 136 | $35.5K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 440 | $116.0K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 212 | $54.0K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 186 | $48.7K |
| Sep 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 307 | $78.6K |
| Aug 3, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 847 | $312.1K |
| Aug 3, 2026 | Wolfe Kristin Chief Financial Officer | Tax withheld | 216 | $79.5K |
| Aug 3, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 161 | $60.0K |
| Aug 3, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 147 | $54.6K |
| Aug 3, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 378 | $139.0K |
| Aug 3, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 145 | $53.5K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 210 | $66.8K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 84 | $26.0K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 49 | $15.6K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 520 | $164.6K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 443 | $139.8K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 281 | $88.0K |
| Jul 1, 2026 | Vecchio Jennifer Group President and CMO | Sale 10b5-1 plan | 91 | $28.4K |
| Jun 22, 2026 | MCNAMARA WILLIAM P Director | Gift | 6,048 | $0 |
| Jun 17, 2026 | Wolfe Kristin Chief Financial Officer | Option exercise | 3,768 | $565.8K |
| Jun 17, 2026 | Wolfe Kristin Chief Financial Officer | Option exercise | 1,500 | $225.3K |
| Jun 17, 2026 | Wolfe Kristin Chief Financial Officer | Sale | 3,210 | $1.09M |
| Jun 17, 2026 | Wolfe Kristin Chief Financial Officer | Sale | 2,060 | $701.1K |
| Jun 17, 2026 | Wolfe Kristin Chief Financial Officer | Sale | 2,930 | $993.6K |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Option exercise | 10,534 | $1.79M |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Sale | 229 | $78.6K |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Sale | 5,847 | $2.00M |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Sale | 10,787 | $3.68M |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Sale | 2,740 | $932.9K |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Sale | 1,317 | $446.6K |
| Jun 12, 2026 | Vecchio Jennifer Group President and CMO | Option exercise | 10,386 | $1.86M |
| Jun 11, 2026 | Ferroni Stephen SVP, Chief Accounting Officer | Sale | 1,311 | $442.2K |
| Jun 11, 2026 | Ferroni Stephen SVP, Chief Accounting Officer | Sale | 1,032 | $347.9K |
| Jun 11, 2026 | Ferroni Stephen SVP, Chief Accounting Officer | Option exercise | 1,032 | $139.7K |
| Jun 5, 2026 | Pasch Matthew Chief Human Resources Officer | Sale | 3,773 | $1.20M |
| May 20, 2026 | MAHONEY JOHN Director | Award | 596 | $0 |
| May 20, 2026 | ENGLISH EDMOND J Director | Award | 596 | $0 |
| May 20, 2026 | Skirvin Michael C Director | Award | 596 | $0 |
| May 20, 2026 | SEN LAURA Director | Award | 596 | $0 |
| May 20, 2026 | Sullivan Paul Director | Award | 596 | $0 |
| May 20, 2026 | MCNAMARA WILLIAM P Director | Award | 596 | $0 |
| May 20, 2026 | Goodwin Michael Director | Award | 596 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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