Burlington Stores, Inc.
- Open
- 354.64
- Day high
- 361.21
- Day low
- 343.80
- Prev close
- 356.22
- Volume
- 728K
- Mkt cap
- $21.7B
- P/E (TTM)
- 35.4
- EPS (TTM)
- $9.75
- P/B
- 11.8
- P/S
- 1.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$12.8M over the last 3 months (0 open-market buys, 29 sales)
- 🏛Institutions accumulating (13F)
Burlington Stores, Inc. (BURL) is a Consumer Cyclical company listed on NYSE. The stock is up 30% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 29 sales (SEC Form 4). Drillr has 5 published research articles covering BURL.
Burlington Stores, Inc. (BURL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BURL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $1.80 | $2.01 | +11.7% | $2.9B | +1.9% |
| Mar 5, 2026 | $4.70 | $4.89 | +4.0% | $3.6B | +31.9% |
| Nov 25, 2025 | $1.64 | $1.80 | +9.8% | $2.7B | -0.4% |
| Aug 28, 2025 | $1.28 | $1.59 | +24.2% | $2.7B | +2.7% |
| May 29, 2025 | $1.43 | $1.60 | +11.9% | $2.5B | -0.9% |
| Mar 6, 2025 | $3.77 | $4.07 | +8.0% | $3.3B | +1.2% |
| Nov 26, 2024 | $1.54 | $1.55 | +0.6% | $2.5B | -0.9% |
| Aug 29, 2024 | $0.95 | $1.20 | +26.3% | $2.5B | +2.0% |
| May 30, 2024 | $1.05 | $1.35 | +28.6% | $2.4B | +0.9% |
| Mar 7, 2024 | $3.30 | $3.66 | +10.9% | $3.1B | +2.1% |
| Nov 21, 2023 | $0.99 | $0.98 | -1.0% | $2.3B | -23.9% |
| Aug 24, 2023 | $0.43 | $0.60 | +39.5% | $2.2B | +0.4% |
BURL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 91 | $311.91 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 210 | $318.23 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 281 | $313.08 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 443 | $315.64 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 520 | $316.51 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 84 | $310.10 |
| Jul 6, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 49 | $319.02 |
| Jun 22, 2026 | Wolfe Kristinofficer: Chief Financial Officer | Sell | 2,060 | $340.34 |
| Jun 22, 2026 | Wolfe Kristinofficer: Chief Financial Officer | Sell | 2,930 | $339.10 |
| Jun 22, 2026 | Wolfe Kristinofficer: Chief Financial Officer | Option | 1,500 | $150.17 |
| Jun 22, 2026 | Wolfe Kristinofficer: Chief Financial Officer | Sell | 3,210 | $341.10 |
| Jun 22, 2026 | Wolfe Kristinofficer: Chief Financial Officer | Option | 3,768 | $150.17 |
| Jun 16, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 2,740 | $340.48 |
| Jun 16, 2026 | Vecchio Jenniferofficer: Group President and CMO | Option | 10,386 | $179.46 |
| Jun 16, 2026 | Vecchio Jenniferofficer: Group President and CMO | Sell | 10,787 | $341.57 |
Source: BURL SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full BURL insider & 13F page →BURL research & analysis
Off-Price Retail Scorecard: Ranking OLLI, FIVE, BURL, TJX, and ROST on Growth and Margins
TJX leads the off-price retail group with 12% operating margins and 54% ROE, while Ollie's offers the best value at 23x forward P/E with double-digit revenue growth. Five Below commands the richest valuation despite the weakest earnings track record, making it the least attractive risk/reward in the group.
OLLIFIVETJXHow do TJX and Ross's margins compare to Ollie's and Burlington as the off-price sector matures?
Burlington and Ollie's carry significantly higher gross margins (41.9% and 40.3%) than TJX and Ross (31.1% and 27.9%), but the larger players convert more efficiently — TJX and Ross deliver 12.0% and 11.9% operating margins respectively versus Burlington's 8.9%. Ross emerges as the quiet margin leader with a best-in-class 9.7% FCF margin, while Burlington's 21.6% EBITDA growth signals the fastest margin expansion trajectory in the group.
TJXROSTOLLIWhich off-price retailer has the most runway: Ollie's at 559 stores or Five Below at 1,750+?
Ollie's Bargain Outlet has the most store growth runway among off-price retailers, with ~133% unit growth potential from 559 to 1,300+ stores, the highest operating margins (11.2%), and the cleanest balance sheet (0.37x debt/equity). Five Below has ~100% remaining growth to 3,500 stores but faces margin pressure from its Five Beyond format shift, while Burlington is the most mature with ~80% unit growth left and the highest leverage.
OLLIFIVEHow does Ollie's gross margin compare to TJX and Burlington as closeout deal flow tightens?
Ollie's 40.3% TTM gross margin ranks between Burlington (41.9%) and well above TJX (31.1%) and Ross (27.9%), but OLLI's quarterly margins compressed 180bps YoY in Q4 2025 while TJX expanded by 140bps. The divergence highlights OLLI's vulnerability to tightening closeout supply versus TJX's diversified sourcing model, with operating margin (10.2% vs TJX's 13.0%) further constrained by SGA deleveraging at smaller scale.
OLLITJXROSTWhich regions offer the best whitespace for Ollie's next 750 stores?
Ollie's operates 645 stores across 34 states with distribution infrastructure supporting up to 750 locations, targeting 1,300+ long-term. The Deep South (backfill), Upper Midwest (Princeton DC unlock), and Mountain West (long-term frontier) represent the highest-potential whitespace regions, supported by a capital-efficient unit model (~$1M investment, ~2-year payback) and an unprecedented bankruptcy-acquisition pipeline that delivered 63 of 86 new stores in FY2025.
OLLITJX
Burlington Stores, Inc. company profile
Overview
Burlington Stores, Inc. (NYSE:BURL) is an American off-price retail chain that operates discount department stores across the United States. Founded in 1972 and headquartered in Burlington, New Jersey, the company went public in 2013. Burlington has grown from a regional retailer to a national chain with over 1,000 stores across 45 states and Puerto Rico. The company positions itself as a value-oriented retailer offering brand-name apparel, home goods, and accessories at discounted prices through an off-price business model that capitalizes on excess inventory from manufacturers and other retailers.
Business
Burlington operates as an off-price retailer, which is a specific segment within the broader discount retail industry. Off-price retailers purchase excess inventory, overstock, and closeout merchandise from manufacturers, other retailers, and vendors at significantly reduced wholesale prices, then sell these products to consumers at prices typically 20-60% below traditional retail prices. The company's core offering centers around branded apparel and home goods sold through physical retail stores. Burlington's merchandise mix includes women's ready-to-wear apparel, men's clothing, children's and youth apparel, footwear, accessories, toys, gifts, coats, baby products, home goods, and beauty products. The off-price model means that inventory is constantly changing - customers never know exactly what brands or items they'll find, creating a "treasure hunt" shopping experience that encourages frequent visits. Burlington operates primarily under the Burlington Stores banner, with over 99% of its locations using this brand name. The company also operates a small number of stores under legacy names including Cohoes Fashions and MJM Designer Shoes, though these represent a minimal portion of the business. Unlike traditional retailers who plan merchandise assortments months in advance, Burlington's buyers continuously source opportunistic inventory based on what's available in the market at attractive prices. The off-price retail industry serves as a secondary market for excess inventory that would otherwise be heavily discounted or written off by traditional retailers and manufacturers. This creates a symbiotic relationship where suppliers can recover some value from unsold inventory while off-price retailers can offer genuine brand-name merchandise at compelling prices to price-conscious consumers.
Revenue model
Burlington generates revenue through direct product sales to consumers in its retail stores. The company purchases merchandise from suppliers at deeply discounted wholesale prices and sells it to customers at retail prices that are still significantly below traditional retail, capturing the margin difference. This is fundamentally a buy-low, sell-low model that relies on high inventory turnover rather than high margins per item. The company's primary customers are value-conscious consumers across various income levels, though the business has historically performed particularly well with lower-income shoppers who prioritize price over selection predictability. Recent earnings calls indicate the company is also successfully attracting "trade-down" customers - higher-income shoppers who are becoming more price-conscious due to economic pressures or simply seeking better value. Several factors significantly impact Burlington's profitability margins. Merchandise availability and pricing from suppliers is crucial - when traditional retailers struggle or when there's economic disruption, more inventory becomes available to off-price retailers at attractive prices. Inventory turnover speed directly affects profitability since the company must clear seasonal merchandise quickly to make room for new inventory. Economic conditions create a double-edged effect: while economic pressure can hurt consumer spending, it also increases merchandise availability and drives more customers to seek value, potentially benefiting off-price retailers. Operational efficiency in areas like supply chain management, store operations, and inventory allocation systems directly impacts margins. The company has been investing heavily in supply chain improvements and merchandising algorithms to optimize inventory flow and reduce markdowns. Real estate costs and the ability to secure favorable lease terms in desirable locations also significantly impact store-level profitability, especially important given Burlington's aggressive expansion strategy.
Competitive moat
Burlington's competitive moat is moderately strong but not impenetrable, built primarily around operational expertise, supplier relationships, and scale advantages within the off-price retail segment. The company's primary moat stems from its established supplier network and buying relationships developed over decades. These relationships provide access to quality excess inventory that smaller competitors cannot easily replicate, and the company's scale allows it to purchase large quantities that suppliers prefer to move quickly. The company's operational expertise in off-price retailing represents another defensive element. Successfully operating an off-price model requires sophisticated inventory management, rapid decision-making capabilities, and the ability to quickly move merchandise through stores. Burlington has developed systems and processes that allow it to efficiently process, allocate, and sell constantly changing inventory across hundreds of locations. However, Burlington faces significant competitive pressures that limit the strength of its moat. TJX Companies (which operates T.J. Maxx, Marshalls, and HomeGoods) is a much larger and more established competitor with superior scale, broader geographic reach, and stronger financial resources. TJX's size advantage allows it to command better terms from suppliers and invest more heavily in technology and infrastructure. Traditional discount retailers like Target and Walmart also compete for price-conscious consumers, and their scale advantages in purchasing power and supply chain efficiency can be formidable. Additionally, e-commerce platforms and online flash sale sites are increasingly competing for the same value-oriented customers, though the "treasure hunt" experience of off-price retail remains difficult to replicate online. The off-price retail model itself provides some protection against economic downturns, as these conditions often increase both merchandise availability and customer demand for value. However, this same model makes the business vulnerable to periods when excess inventory is scarce or when consumer spending drops significantly across all income levels.
Risks & safety
Burlington's margin of safety presents a mixed picture with some concerning elements, particularly around leverage and valuation metrics, though the company maintains adequate liquidity. **Cash and Debt Position:** - Current cash position of $371 million provides reasonable short-term liquidity - Debt-to-equity ratio of 2.73 indicates high leverage, creating financial risk - Current ratio of 1.06 shows tight working capital management with limited buffer - Quick ratio of 0.39 indicates potential liquidity concerns if inventory cannot be converted to cash quickly - Free cash flow of -$433 million in Q1 2025 shows significant cash burn, though this is typical for retail expansion periods **Valuation Metrics:** - Price-to-earnings ratio of 36.9 appears elevated for a cyclical retail business - EV/EBITDA of 18.9 suggests the stock is trading at a premium to historical retail multiples - Price-to-book ratio of 11.0 indicates significant premium to tangible book value - Graham number of 27.76 suggests the stock is trading well above conservative valuation metrics **Other Considerations:** - Aggressive expansion strategy with 100 new stores planned annually creates capital intensity - Seasonal cash flow patterns typical of retail with Q1 typically showing negative free cash flow - Off-price model provides some recession resistance but creates inventory risk - High fixed costs from store leases create operational leverage in both directions
Recent development
Over the past few years, Burlington has pursued an aggressive expansion and operational transformation strategy focused on three key areas: rapid store growth, supply chain optimization, and merchandise strategy enhancement. The company's most significant strategic initiative has been its accelerated store expansion program. Burlington opened 147 new stores in 2024 alone and plans to continue opening approximately 100 net new stores annually through 2026. The company has been opportunistic in securing real estate, including acquiring 46 leases from the bankrupt JOANN Fabrics chain for future expansion. This expansion strategy is underpinned by management's belief that they can ultimately operate 2,000 stores nationally, nearly doubling their current footprint. Supply chain infrastructure investments represent another major strategic focus. Burlington purchased distribution centers in Savannah, Georgia, and Riverside, California, to support its expansion and improve operational efficiency. The company has also been implementing new merchandising and allocation algorithms to optimize inventory flow and reduce the time it takes to get products from receipt to sales floor. These investments contributed to supply chain efficiencies that provided 60 basis points of operating leverage in recent quarters. The company has also evolved its merchandise strategy through "assortment elevation" - selectively increasing the mix of better brands and higher-quality products to attract trade-down customers while maintaining value for core customers. This strategy has been particularly successful in categories like beauty, accessories, and home goods. Burlington has significantly expanded its buying team, increasing it by nearly 50% since 2019, to better capitalize on off-price buying opportunities. Recent quarters have also seen Burlington implement "Store Experience 2.0" in approximately half of its stores, focusing on improved layouts and customer experience to drive higher productivity per square foot. The company has also shifted its marketing strategy to emphasize value messaging and leverage social media and word-of-mouth marketing rather than traditional advertising.
BURL company profile · for informational purposes only — not investment advice.
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