Burlington Stores — May 28, 2026 release

  2     Outlook For Fiscal Year 2026 (the 52-weeks ending January 30, 2027), the Company now expects:   • Total sales to increase in the range of 9% to 11% on top of the 9% increase during Fiscal 2025; this assumes comparable store sales will increase in the range of 2% to 4%, on top of the 2% increase during Fiscal 2025; • Capital expenditures, net of landlord allowances, to be approximately $875 million; • To open approximately 115 net new stores;  • Depreciation and amortization to be approximately $465 million;  • Adjusted EBIT margin to increase in the range of 10 to 30 basis points versus Fiscal 2025; excluding $10 million of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2026 and $35 million in Fiscal 2025; • Net interest expense to be approximately $60 million;  • An Adjusted Effective Tax Rate of approximately 25%; and • Adjusted EPS in the range of $11.45 to $11.80, as compared to $10.17 of Adjusted EPS last year; excluding $8 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2026 and $26 million in Fiscal 2025. This assumes a fully diluted share count of approximately 64 million shares. For the second quarter of Fiscal 2026 (the 13-weeks ending August 1, 2026), the Company expects:  • Total sales to increase in the range of 10% to 12%; this assumes comparable store sales will increase in the range of 1% to 3% versus the second quarter of Fiscal 2025; • Adjusted EBIT margin to increase 30 to 60 basis points versus the second quarter of Fiscal 2025; excluding approximately $3 million of anticipated expenses associated with bankruptcy acquired leases in the second quarter of Fiscal 2026 and $11 million in the second quarter of Fiscal 2025; • An Adjusted Effective Tax Rate of approximately 23%; and  • Adjusted EPS in the range of $2.05 to $2.20, as compared to $1.72 in Adjusted EPS last year; excluding $2 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in the second quarter of Fiscal 2026 and $8 million in the second quarter of Fiscal 2025. 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 effo