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Burlington Stores Eyes Growth with More Locations
31 May
Summary
- Burlington Stores reported higher first-quarter 2026 revenue and net income.
- The company raised its 2026 store-opening plan to around 115 net new locations.
- Guidance for both second quarter and full year sales and earnings was increased.
Burlington Stores has announced robust first-quarter 2026 financial results, including US$2,856.46 million in revenue and US$114.74 million in net income. The company also completed a significant share repurchase program totaling US$195.77 million.
Looking ahead, Burlington Stores is increasing its strategic expansion, now targeting approximately 115 net new store openings in fiscal year 2026, a slight increase from previous projections. This aggressive growth plan is underpinned by upgraded sales and earnings forecasts for both the second quarter and the entirety of fiscal year 2026.
The company's investment narrative centers on its off-price model and extensive store network appealing to value-conscious consumers, while aiming for margin improvements to counter rising costs. The recent performance and optimistic guidance support near-term earnings momentum, though the accelerated store growth amplifies potential risks if demand were to falter.
Burlington Stores projects significant future growth, with an aim to reach US$15.3 billion in revenue and US$1.1 billion in earnings by 2029. This forecast necessitates an average annual revenue growth rate of 9.7%.
