Burlington stores raises full-year outlook as Q1 profit beats guidance

Burlington Stores (NYSE:BURL) reported first-quarter financial results that exceeded internal forecasts, driven by sustained consumer traffic and improved operational efficiency.

Following the strong start to the year, the off-price retailer lifted its full-year sales and earnings projections.

Total sales for the quarter climbed 14% to $2.85 billion compared to the same period last year, fueled by a 6% increase in comparable store sales.

Net income for the period landed at $115 million, or $1.79 per share.

On an adjusted basis, earnings per share advanced 26% to $2.10, finishing well ahead of the company's previously issued guidance.

Operational profitability improved during the quarter, with the adjusted EBIT margin expanding by 20 basis points.

Gross margin rates also saw a 30 basis point increase, reflecting solid inventory execution and favorable supply chain dynamics.

For the full fiscal year of 2026, Burlington now forecasts total sales growth in the range of 9% to 11%.

The company also raised its full-year adjusted earnings per share expectations to a range of $11.45 to $11.80, representing an annual growth rate of 13% to 16% over the prior year's performance.