Quarterly ResultMay 28, 2026, 04:24 PM
Burlington Q1 Net Sales +14.1% to $2.85B; EPS $1.79
AI Summary
Burlington Stores reported strong financial results for the first quarter of fiscal 2026, with net sales increasing by 14.1% to $2.85 billion and diluted EPS rising to $1.79. The company also completed a privately negotiated exchange of $111.0 million of its 2027 Convertible Notes, which involved a combination of cash and common stock and resulted in a $14.6 million inducement charge. Net cash provided by operating activities significantly improved to $61.5 million.
Key Highlights
- Net sales increased 14.1% to $2.85 billion for the three months ended May 2, 2026.
- Net income rose 13.8% to $114.7 million for the three months ended May 2, 2026.
- Diluted EPS grew 13.3% to $1.79 for the three months ended May 2, 2026.
- Exchanged $111.0 million of 2027 Convertible Notes for $128.6 million cash and 150,831 common shares.
- Incurred a $14.6 million inducement charge related to the convertible debt exchange.
- Net cash provided by operating activities was $61.5 million, a significant improvement from a loss in the prior year.
- Cash and cash equivalents stood at $747.4 million as of May 2, 2026.
- Purchased $134.3 million in treasury shares during the quarter.
Price Impact
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