Burlington Stores Inc
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+ FollowMarket Cap$14.89B
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Earnings Call Q2 2026
August 27, 2026 - AI Summary
Q2 results were strong—with tariff refunds stripped out, momentum still robust.
- Total sales +11% YoY (on top of +10% last year); comp sales +2% YoY (on top of +5% last year), with a 7% 2-year comp stack.
- Adjusted EPS +38% YoY (on top of +39% last year). Company emphasized flow-through converting sales into margin/EPS.
- Operating margin expanded +100 bps YoY (well above guided +60 bps high end).
- Notable mechanics: Q2 included ~$55M tariff refunds recognized as lower COGS, contributing +0.64 EPS (but management discussed underlying performance ex-refunds).
Tariff refunds: management chose to reinvest into customer value (not “one-time earnings”).
- Refunds were ~$55M in Q2, and the company expects the direct full-year impact to be neutral to earnings because it plans to reinvest the benefit in Q3/Q4.
- Reinvestment plan: ~40% of the refunds into Q3 and ~60% into Q4, expected to pressure margins in those quarters (lower gross/EBIT margins vs last year), but supports sharper pricing/value for customers.
- Key “surprising/good” angle: management framed the refunds as modest relative to peers and argued they can still hit targets without boosting earnings.
Full-year guidance raised (EPS upside passed through), but sales outlook kept steady due to consumer uncertainty.
- FY 2026 earnings outlook increased by passing through the entire Q2 underlying beat.
- Sales guidance: now total sales +10% to +11%; comp +3% to +4%.
- Adjusted EBIT margin: expected to expand +20 bps to +40 bps (vs last year).
- Adjusted EPS guidance: $11.77 to $11.97 (+16% to +18% vs FY2025), reflecting Q2 upside.
- Important risk control: while management feels good about upside, they maintain sales guidance because of softer retail comps/macro pressure and uncertainty around demand.
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$9.89
96.2% downside
Current Fair Value
96.2% downsideOvervalued by 96.2% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $14.89 Billion |
|---|---|
| Enterprise Value | $18.20 Billion |
| Earnings per Share | $9.51 |
| Beta | 1.43 |
| Outstanding Shares | 63,896,000 |
Return
| Return on Equity | 17.99% |
|---|---|
| Return on Assets | 7.11% |
| Return on Invested Capital | 12.69% |
Valuation & Multiples
| P/E Ratio | 21.28 |
|---|---|
| PEG | 22.24 |
| Price to Sales | 1.35 |
| Price to Book Ratio | 4.17 |
| Enterprise Value to Revenue | 1.49 |
| Enterprise Value to EBIT | 18.32 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.22 |
| Debt to Equity | 1.01 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 27, 2026
EPS Estimate
$2.19
Consensus analyst estimateRevenue Estimate
$3.03 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 24, 2026
EPS Estimate
$1.73
Consensus analyst estimateRevenue Estimate
$2.99 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 474.71% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.63%▼ 99.88% |
|---|---|
| Total Invested | $278.95M▼ 98.65% |
| Investors Holding | 159▼ 533.00% |
About Burlington Stores Inc
CEO: Michael O'Sullivan
