Burlington Stores — Nov 25, 2025 release

This is driving an additional increase in our full year 2025 earnings guidance. Although we are pleased with our recent comp trends, in the coming weeks we will be up against strong comparisons from last year, so at this point we are maintaining our previously issued 0% to 2% fourth quarter comp guidance.”   Mr. O’Sullivan concluded, “Stepping back and looking at the longer-term drivers of our business, we are very pleased with our new store opening program and performance, our weather adjusted comp growth, and the rapid progress we are making in expanding our margin. As discussed previously, we expect our operating income to grow to approximately $1.6B by 2028. At this point, we are tracking very well against this earnings target.” Fiscal 2025 Third Quarter Operating Results • Total sales increased 7% compared to the third quarter of Fiscal 2024 to $2,706 million, while comparable store sales increased 1% compared to the third quarter of Fiscal 2024.      • Gross margin rate as a percentage of net sales was 44.2% vs. 43.9% for the third quarter of Fiscal 2024, an increase of 30 basis points. Merchandise margin expanded by 10 basis points, while freight expense improved 20 basis points. • Product sourcing costs, which are included in selling, general and administrative expenses (SG&A), were $214 million vs. $209 million in the third quarter of Fiscal 2024, decreasing 40 basis points as a percentage of net sales. Product sourcing costs include t