Burlington Stores — Mar 6, 2025 release

This assumes a fully diluted share count of approximately 65 million shares. For the first quarter of Fiscal 2025 (the 13-weeks ending May 3, 2025), the Company expects: • Total sales to increase in the range of 5% to 7%; this assumes comparable store sales will be flattish versus the first quarter of Fiscal 2024; • Adjusted EBIT margin to decrease 50 to 90 basis points versus the first quarter of Fiscal 2024; excludes approximately $6 million of anticipated expenses associated with bankruptcy acquired leases vs. the same amount in the first quarter of Fiscal 2024; • An effective tax rate of approximately 23%; and • Adjusted EPS in the range of $1.30 to $1.45, as compared to $1.42 in Adjusted EPS last year; excludes $4 million, net of tax, related to bankruptcy acquired leases anticipated in the first quarter of Fiscal 2025 vs. the same amount in the first quarter of Fiscal 2024. The Company has not presented a quantitative reconciliation of the forward-looking non-GAAP financial measures set out above to their most comparable GAAP financial measures because it would require the Company to create estimated ranges on a GAAP basis, which would entail unreasonable effort. Adjustments required to reconcile forward-looking non-GAAP measures cannot be predicted with reasonable certainty but may include, among others, costs related to debt amendments, loss on extinguishment of debt, and impairm