Burlington Stores Q1 Earnings Rise; Company Raises Fiscal 2026 Profit Outlook

Burlington Stores Inc. (BURL) reported higher fiscal first-quarter earnings on Thursday, May 28, 2026, driven by robust customer traffic and effective inventory management, prompting the off-price retailer to lift its full-year profit forecast. Net income climbed to $134 million, or $2.03 per share, for the quarter ended May 2, up from $98 million, or $1.48 per share, a year earlier. Revenue increased 9.2% to $2.48 billion, exceeding analyst expectations as comparable-store sales grew 5%. Buoyed by the results, management raised its fiscal 2026 adjusted earnings guidance to a range of $8.90 to $9.20 per share, up from a prior forecast of $8.50 to $8.90. CEO Michael O’Sullivan cited disciplined expense control and strong demand for branded merchandise at discounted prices as key contributors to the quarter’s success.