Burlington Stores — Aug 28, 2025 release

O’Sullivan continued, “Given the strength of the second quarter, we are raising our full year earnings guidance. As for sales, consistent with our off-price playbook, we are maintaining our previously issued guidance for 0% to 2% comp growth in the third and fourth quarters. The third quarter is off to a solid start, and as is our practice, we will manage our business conservatively and be ready to chase.”   Mr. O’Sullivan went on, “We see a clear link between our very strong second quarter sales and earnings results and the key Burlington 2.0 strategies. We are excited because these initiatives are in the early stages of their potential impact, which we believe will grow over time and will drive our longer-term performance.” Fiscal 2025 Second Quarter Operating Results • Total sales increased 10% compared to the second quarter of Fiscal 2024 to $2,701 million, while comparable store sales increased 5% compared to the second quarter of Fiscal 2024. • Gross margin rate as a percentage of net sales was 43.7% vs. 42.8% for the second quarter of Fiscal 2024, an increase of 90 basis points. Merchandise margin expanded 60 basis points, driven by lower shortage and reduced markdowns, while freight expense improved 30 basis points as a percentage of net sales.     • Product sourcing costs, which are included in selling, general and administrative expenses (SG&A), were $209 million vs. $191 million in the s