Burlington Stores — May 29, 2025 release

  2     Outlook For Fiscal Year 2025 (the 52-weeks ending January 31, 2026), the Company now expects:   • Total sales to increase in the range of 6% to 8% on top of the 11% increase during Fiscal 2024; this assumes comparable store sales will increase in the range of 0% to 2%, on top of the 4% increase during Fiscal 2024; • Capital expenditures, net of landlord allowances, to be approximately $950 million; • To open approximately 100 net new stores;  • Depreciation and amortization to be approximately $385 million;  • Adjusted EBIT margin to increase in the range of 0 to 30 basis points versus Fiscal 2024; excludes $33 million of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2025 and $16 million in Fiscal 2024; • Net interest expense to be approximately $57 million;  • An Adjusted Effective Tax Rate of approximately 25%; and • Adjusted EPS in the range of $8.70 to $9.30, as compared to $8.35 of Adjusted EPS last year; excludes $25 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2025 and $12 million in Fiscal 2024. This assumes a fully diluted share count of approximately 64 million shares. For the second 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 increase in the range of 0% to 2% versus the second quarter of Fiscal 2024; • Adjusted EBIT margin to be in the range of down 30 basis points to flat versus the second quarter of Fiscal 2024; excludes approximately $11 million of anticipated expenses associated with bankruptcy acquired leases in the second quarter of Fiscal 2025 and $3 million in the second quarter of Fiscal 2024; • An effective tax rate of approximately 24%; and  • Adjusted EPS in the range of $1.20 to $1.30, as compared to $1.24 in Adjusted EPS last year; excludes $8 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in the second quarter of Fiscal 2025 and $2 million in the second 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 other