Burlington Stores — May 29, 2025 release

As of the end of the first quarter of Fiscal 2025, the Company had $158 million remaining on its current share repurchase program authorization. • On May 20, 2025, the Company's Board of Directors authorized the repurchase of up to an additional $500 million of common stock, which is authorized to be executed through May 2027.   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