Burlington Stores (BURL) Investor presentation summary

Company overview

• Operates 1,287 stores across 47 states, D.C., and Puerto Rico, offering branded apparel, footwear, accessories, and home merchandise at up to 60% off other retailers’ prices.

• Leadership team has deep experience in off-price and specialty retail, with recent hires from Ross Stores, Macy’s, Lowe’s, Dollar General, and others.

• Proven growth track record, with net sales rising from $7.3B in 2016 to $11.6B in 2025, an 8.4% CAGR.

Off-price retail model and customer base

• Sells the same branded assortment as other retailers at significantly lower prices, capitalizing on market disruptions and excess inventory.

• Continuously refreshed assortment creates a “treasure hunt” experience, driving urgency and repeat visits.

• Off-price retail appeals to a broad demographic, with strong representation across age, income, and ethnicity.

• Industry shift toward value and ongoing retail consolidation are expanding access to prime store locations.

Strategic initiatives: Burlington 2.0

• Burlington 2.0 aims to transform operations with a focus on merchandising, store operations, real estate, and supply chain.

• Key strategies include chasing sales trends, operational flexibility, leaner inventories, smaller store formats, and disciplined expense management.

• Store redesigns, tailored assortments, and supply chain modernization are central to the operating framework.

• Over 60% of stores are new or transformed since 2019; 85% expected by 2028.