Burlington Stores (BURL) Investor presentation summary

Company overview and strategy

• Operates 1,212 stores across 46 states, D.C., and Puerto Rico, with plans to expand to 2,000 locations.

• Focuses on off-price retail, offering branded merchandise at up to 60% off competitors.

• Leadership team has deep experience in off-price and specialty retail sectors.

• Burlington 2.0 initiative aims to transform operations, improve execution, and drive profitability.

• Smaller store formats and disciplined expense management are central to growth strategy.

Business model and market positioning

• Sells a broad assortment: accessories/shoes (28%), home (20%), ladies apparel (20%), men's apparel (17%), kids/baby (12%), outerwear (3%).

• Capitalizes on market disruptions and excess inventory for opportunistic buying.

• Off-price retail is gaining market share as consumers prioritize value.

• Customer base is diverse across age, income, and ethnicity, with strong appeal to higher-income and younger shoppers.

Burlington 2.0 operating framework

• Redesigns stores for better merchandise presentation and efficient operations.

• Invests in supply chain modernization and cost savings.

• Opens 100+ new 25,000 sq ft stores annually, focusing on high-traffic strip centers.

• Tailors assortments by region and store to meet local demand.

• Emphasizes marketing to communicate value and drive store traffic.