Burlington Stores
BURLNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $253.95 Prior regular-session close from the quote source.
- $250.50–$257.08 Regular-session low and high so far today.
- 807.0K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $226.85–$378.33 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own BURL if its smaller off-price chain keeps turning branded closeout availability and value-seeking traffic into gross-margin expansion and cash-funded growth without losing the merchandise hunt to TJX and Ross.
BURL price history
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Investment thesis
What must happen next
Burlington’s branded-off-price, everyday-low-price proposition continues to attract value-seeking shoppers because it lets customers trade down on price without fully trading down on brand quality.StrengtheningMateriality: High
The company description identifies Burlington as a nationally recognized off-price retailer of high-quality, branded merchandise at everyday low prices. If the value proposition holds, Burlington can keep taking traffic and sales from higher-priced apparel and home retailers; if it weakens, revenue growth becomes much more dependent on promotions or store openings.
Watch: TJX or Ross narrows Burlington’s value gap with better branded assortments at similar prices.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
The company description identifies Burlington as a nationally recognized off-price retailer of high-quality, branded merchandise at everyday low prices.
Open source ↗Burlington’s merchant execution and inventory discipline allow it to convert opportunistic branded buying into merchandise margin rather than buying growth with excessive markdowns.StrengtheningMateriality: High
Derived GAAP annual gross profit rose from $3.53 billion in FY2023 to $5.08 billion in FY2026. This determines whether sales growth creates valuable gross profit or simply moves more inventory at lower economics.
Watch: TJX, Ross, or other off-price buyers outbid Burlington for the most desirable closeout inventory.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Derived GAAP annual gross profit rose from $3.53 billion in FY2023 to $5.08 billion in FY2026.
Open source ↗Burlington can turn a larger store and revenue base into per-share earnings growth because fixed-cost leverage and better buying scale offset normal retail cost pressure.StrengtheningMateriality: Medium
GAAP annual diluted EPS increased from $3.49 in FY2023 to $9.51 in FY2026. If operating leverage holds, owners benefit from profit growing faster than sales; if labor, rent, shrink, or freight absorb the scale benefits, the equity story becomes lower-quality growth.
Watch: Wage inflation or staffing shortages in stores and distribution centers outpace sales leverage.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual diluted EPS increased from $3.49 in FY2023 to $9.51 in FY2026.
Open source ↗The off-price model remains cash generative enough to fund growth and opportunistic inventory buys without forcing balance-sheet stress.StrengtheningMateriality: Medium
GAAP annual operating cash flow increased from $596.4 million in FY2023 to $1.23 billion in FY2026. Cash-funded expansion gives Burlington more strategic flexibility; if growth consumes cash, the company may need to slow openings, borrow, or accept lower returns.
Watch: Burlington must carry materially more inventory to secure branded goods, reducing working-capital flexibility.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow increased from $596.4 million in FY2023 to $1.23 billion in FY2026.
Open source ↗Burlington’s large, heavily part-time and seasonal workforce can support flexible store economics only if the company maintains execution, staffing, and customer experience during peak demand periods.StrengtheningMateriality: Medium
Burlington employed 83,309 associates as of January 31, 2026. If labor flexibility works, Burlington protects costs and service; if it fails, the company risks poor store standards, lower conversion, shrink, and wage pressure.
Watch: Tight retail labor markets force Burlington to raise wages faster than sales productivity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Burlington employed 83,309 associates as of January 31, 2026.
Open source ↗
Full investment case & evidence
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Original research
Burlington’s branded-off-price, everyday-low-price proposition continues to attract value-seeking shoppers because it lets customers trade down on price without fully trading down on brand quality. If the value proposition holds, Burlington can keep taking traffic and sales from higher-priced apparel and home retailers; if it weakens, revenue growth becomes much more dependent on promotions or store openings.
Burlington’s merchant execution and inventory discipline allow it to convert opportunistic branded buying into merchandise margin rather than buying growth with excessive markdowns. This determines whether sales growth creates valuable gross profit or simply moves more inventory at lower economics.
Burlington can turn a larger store and revenue base into per-share earnings growth because fixed-cost leverage and better buying scale offset normal retail cost pressure. If operating leverage holds, owners benefit from profit growing faster than sales; if labor, rent, shrink, or freight absorb the scale benefits, the equity story becomes lower-quality growth.
The off-price model remains cash generative enough to fund growth and opportunistic inventory buys without forcing balance-sheet stress. Cash-funded expansion gives Burlington more strategic flexibility; if growth consumes cash, the company may need to slow openings, borrow, or accept lower returns.
Burlington’s large, heavily part-time and seasonal workforce can support flexible store economics only if the company maintains execution, staffing, and customer experience during peak demand periods. If labor flexibility works, Burlington protects costs and service; if it fails, the company risks poor store standards, lower conversion, shrink, and wage pressure.
All standing thesis claims
Original report summary
its smaller off-price chain keeps turning branded closeout availability and value-seeking traffic into gross-margin expansion and cash-funded growth without losing the merchandise hunt to TJX and Ross.
Bull case and bear case
Bull case and bear case for Burlington Stores
Where the evidence on Burlington Stores stands: Strengthening on the latest evidence (Oct 16, 2026). Of its 5 thesis points, 5 strengthening.
Bull case: what the evidence supports
Burlington’s branded-off-price, everyday-low-price proposition continues to attract value-seeking shoppers because it lets customers trade down on price without fully trading down on brand quality.
Burlington’s merchant execution and inventory discipline allow it to convert opportunistic branded buying into merchandise margin rather than buying growth with excessive markdowns.
Burlington can turn a larger store and revenue base into per-share earnings growth because fixed-cost leverage and better buying scale offset normal retail cost pressure.
The off-price model remains cash generative enough to fund growth and opportunistic inventory buys without forcing balance-sheet stress.
Burlington’s large, heavily part-time and seasonal workforce can support flexible store economics only if the company maintains execution, staffing, and customer experience during peak demand periods.
Bear case: what would count against it
TJX or Ross narrows Burlington’s value gap with better branded assortments at similar prices.
TJX, Ross, or other off-price buyers outbid Burlington for the most desirable closeout inventory.
Wage inflation or staffing shortages in stores and distribution centers outpace sales leverage.
Thesis-Break Engine
Thesis-break watch · Burlington Stores
No break has crossed Burlington Stores’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
Burlington Stores filed an SEC 8-K on 2026-08-27: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Burlington Stores filed an SEC 8-K on 2026-08-04: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Burlington Stores filed an SEC 8-K on 2026-05-28: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- TJX or Ross narrows Burlington’s value gap with better branded assortments at similar prices.
- TJX, Ross, or other off-price buyers outbid Burlington for the most desirable closeout inventory.
- Wage inflation or staffing shortages in stores and distribution centers outpace sales leverage.
- Burlington must carry materially more inventory to secure branded goods, reducing working-capital flexibility.
- Tight retail labor markets force Burlington to raise wages faster than sales productivity.
BURL news
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Financial statements
BURL income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
BURL: quick answers
- What is BURL's short interest?
- As of October 30, 2026, 2.9M BURL shares were sold short, 4.63% of its shares outstanding, down 13.0% from the count before. At the stock's average daily volume that is 2.3 days to cover. FINRA publishes the count twice a month. BURL short interest history
- Which well-known investors own BURL?
- 1 of the 37 well-known funds tracked here reported BURL shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
BURL in well-known investors’ portfolios
1 of 37 funds reported BURL shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.01% | $2.4M | New | Q2 2026 |