Burlington Stores, Inc.

Burlington Stores, Inc. announced that Matthew Pasch, Executive Vice President and Chief Human Resources Officer, will depart the company effective September 1, 2026. Mr. Pasch will receive severance benefits and pro-rata vesting of his 2024 performance-based restricted stock unit award. John Pershing is expected to succeed Mr. Pasch as EVP and CHRO, with his appointment effective in October 2026. Mr. Pershing brings extensive HR leadership experience from previous roles at Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy.

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.

Burlington Stores reported strong first-quarter Fiscal 2026 results, with Adjusted EPS increasing 26% to $2.10, significantly exceeding guidance. Total sales grew 14% to $2.85 billion, driven by a 6% rise in comparable store sales. Following this robust performance, the company raised its full-year Fiscal 2026 sales and earnings guidance, projecting Adjusted EPS between $11.45 and $11.80 and total sales growth of 9% to 11%.

Burlington Stores, Inc. announced it will release its first quarter fiscal year 2026 financial results before the U.S. stock market opens on Thursday, May 28, 2026. The company will host a conference call to discuss these results at 8:30 a.m. Eastern Time on the same day, with dial-in and webcast details provided. A replay of the call will be available for a week following the live event. The company also reiterated its policy of using SEC filings, press releases, public conference calls, webcasts, and potentially its website and social media channels to distribute material information.