Burlington Stores — May 29, 2025 release

Reports First Quarter 2025 Earnings   o Total sales increased 6%, at the mid-point of guidance and on top of 11% last year o Comparable store sales were flat, at the mid-point of guidance and on top of 2% last year o Net income was $101 million, and diluted EPS was $1.58 o Excluding certain expenses associated with bankruptcy acquired leases: ▪ Adjusted EBIT margin increased 30 basis points, well ahead of guidance ▪ Adjusted EPS increased 18% to $1.67, well ahead of guidance o Maintaining full year adjusted EPS guidance of $8.70 to $9.30; this guidance excludes anticipated expenses associated with bankruptcy acquired leases BURLINGTON, New Jersey; May 29, 2025 — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the first quarter ended May 3, 2025. Michael O’Sullivan, CEO, stated, “Total Sales increased 6% and Comparable Store Sales were Flat for the first quarter, in line with the midpoint of our guidance. Adjusted EBIT Margin and EPS were ahead of guidance with approximately half of this beat to guidance coming from favorable timing of expenses that will negatively impact Q2.” Mr. O’Sullivan continued, “The environment has become more uncertain since March, especially with regard to tariffs. We anticipate that tariffs will put significant pressure on our merchandise margin, but we are confident that, as long as tariffs do not increase from current levels, we can offset this pressure elsewhere in the P&L. These offsets, together with our Q1 earnings favorability, provide a path to achieving our original guidance.”   Mr. O’Sullivan added, “The c