BURL Burlington Stores Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 29, 2024

 

BURLINGTON STORES, INC.

(Exact Name of Registrant As Specified In Charter)

Delaware	001-36107	80-0895227
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2006 Route 130 North

Burlington, New Jersey 08016

(Address of Principal Executive Offices, including Zip Code)

(609) 387-7800

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	BURL	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02. Results of Operations and Financial Condition.

On August 29, 2024, Burlington Stores, Inc. issued a press release announcing its operating results for the second quarter ended August 3, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

The information contained in this Item 2.02, and Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated August 29, 2024 (earnings release announcement)
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BURLINGTON STORES, INC.

/s/ David Glick

David Glick Group Senior Vice President of Investor Relations and Treasurer

Date: August 29, 2024

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Exhibit 99.1

Burlington Stores, Inc. Reports Second Quarter 2024 Earnings 

BURLINGTON, New Jersey; August 29, 2024 — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the second quarter ended August 3, 2024.   

Michael O’Sullivan, CEO, stated, “We are pleased with our results from the second quarter. Comparable store sales increased 5%, while total sales increased 13%. Both of these metrics were well ahead of our expectations.”

Mr. O’Sullivan continued, “We saw very strong margin improvement and earnings growth during the second quarter. Our Adjusted EBIT Margin and Adjusted EPS increased 160 basis points and 98%, respectively. This strong performance was driven by the ahead of plan sales, as well as a significant increase in gross margin, and faster than expected progress in our supply chain efficiency initiatives.”

Mr. O’Sullivan concluded, “We remain confident in the outlook for our business for the balance of fiscal 2024. Based on our year-to-date performance, we are increasing our margin and earnings guidance for the full year, despite some incremental cost pressure from ocean freight. That said, there are some risks, so we are planning our business cautiously, and maintaining our comparable store sales guidance of 0% to 2% growth for the second half. As we did during the second quarter, we will chase if the underlying sales trend is stronger.”

Fiscal 2024 Second Quarter Operating Results (for the 13-week period ended August 3, 2024, compared with the 13-week period ended July 29, 2023) 

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First Six Months of Fiscal 2024 Results

Inventory

Liquidity and Debt

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Common Stock Repurchases

Outlook

For the full Fiscal Year 2024 (the 52-weeks ending February 1, 2025), the Company now expects: 

For the third quarter of Fiscal 2024 (the 13 weeks ending November 2, 2024), the Company expects: 

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 effort. Adjustments required to reconcile forward-looking non-GAAP measures cannot be predicted with reasonable certainty but

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may include, among others, costs related to debt amendments, loss on extinguishment of debt, and impairment charges, as well as the tax effect of such items. Some or all of those adjustments could be significant.

Note Regarding Non-GAAP Financial Measures

The foregoing discussion of the Company’s operating results includes references to Adjusted SG&A, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings per Share (or Adjusted EPS), Adjusted EBIT (or Adjusted Operating Margin), and Adjusted Effective Tax Rate. The Company believes these supplemental measures are useful in evaluating the performance of our business and provide greater transparency into our results of operations. In particular, we believe that excluding certain items that may vary substantially in frequency and magnitude from what we consider to be our core operating results are useful supplemental measures that assist investors and management in evaluating our ability to generate earnings and leverage sales, and to more readily compare core operating results between past and future periods.  These non-GAAP financial measures are defined and reconciled to the most comparable GAAP measures later in this document.  

Second Quarter 2024 Conference Call 

The Company will hold a conference call on August 29, 2024, at 8:30 a.m. ET to discuss the Company’s first quarter results. The U.S. toll free dial-in for the conference call is 1-800-715-9871 (passcode: 8773565) and the international dial-in number is 1-646-307-1963. A live webcast of the conference call will also be available on the investor relations page of the company's website at www.burlingtoninvestors.com.

For those unable to participate in the conference call, a replay will be available after the conclusion of the call on August 29, 2024 beginning at 11:30 a.m. ET through September 5, 2024 11:59 p.m. ET. The U.S. toll-free replay dial-in number is 1-800-770-2030 and the international replay dial-in number is 1-609-800-9909. The replay passcode is 8773565.

About Burlington Stores, Inc.

Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2023 net sales of $9.7 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol “BURL.” The Company operated 1,057 stores as of the end of the second quarter of Fiscal 2024, in 46 states, Washington D.C. and Puerto Rico, principally under the name Burlington Stores. The Company’s stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. 

For more information about the Company, visit www.burlington.com.

Investor Relations Contacts:

David J. Glick

Daniel Delrosario

855-973-8445
Info@BurlingtonInvestors.com

Allison Malkin

ICR, Inc.

203-682-8225

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Safe Harbor for Forward-Looking and Cautionary Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this release, including those about the external environment, as well as statements describing our outlook for future periods, are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We do not undertake to publicly update or revise our forward-looking statements, except as required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those we expected, including general economic conditions, such as inflation, and the domestic and international political situation and the related impact on consumer confidence and spending; competitive factors, including the scale and potential consolidation of some of our competitors, rise of e-commerce spending, pricing and promotional activities of major competitors, and an increase in competition within the markets in which we compete; seasonal fluctuations in our net sales, operating income and inventory levels; the reduction in traffic to, or the closing of, the other destination retailers in the shopping areas where our stores are located; our ability to identify changing consumer preferences and demand; our ability to meet our environmental, social or governance (“ESG”) goals or otherwise expectations of our stakeholders with respect to ESG matters; extreme and/or unseasonable weather conditions caused by climate change or otherwise adversely impacting demand; effects of public health crises, epidemics or pandemics; our ability to sustain our growth plans or successfully implement our long-range strategic plans; our ability to execute our opportunistic buying and inventory management process; our ability to optimize our existing stores or maintain favorable lease terms; the availability, selection and purchasing of attractive brand name merchandise on favorable terms; our ability to attract, train and retain quality employees and temporary personnel in sufficient numbers; labor costs and our ability to manage a large workforce; the solvency of parties with whom we do business and their willingness to perform their obligations to us; import risks, including tax and trade policies, tariffs and government regulations; disruption in our distribution network; our ability to protect our protect our information systems against service interruption, misappropriation of data, breaches of security, or other cyber-related attacks; risks related to the methods of payment we accept; the success of our advertising and marketing programs in generating sufficient levels of customer traffic and awareness; damage to our corporate reputation or brand; impact of potential loss of executives or other key personnel; our ability to comply with existing and changing laws, rules, regulations and local codes; lack of or insufficient insurance coverage; issues with merchandise safety and shrinkage; our ability to comply with increasingly rigorous privacy and data security regulations; impact of legal and regulatory proceedings relating to us; use of social media by us or by third parties our direction in violation of applicable laws and regulations; our ability to generate sufficient cash to fund our operations and service our debt obligations; our ability to comply with covenants in our debt agreements; the consequences of the possible conversion of our convertible notes; our reliance on dividends, distributions and other payments, advance and transfers of funds from our subsidiaries to meet our obligations; the volatility of our stock price; the impact of the anti-takeover provisions in our governing documents; impact of potential shareholder activism; and each of the factors that may be described from time to time in our filings with the U.S. Securities and Exchange Commission, including under the heading “Risk Factors” in our most recent Annual Report on Form 10-K. For each of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.

 

 

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BURLINGTON STORES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited)

(All amounts in thousands, except per share data)

		Three Months Ended								Six Months Ended
		August 3,				July 29,				August 3,				July 29,
		2024				2023				2024				2023
REVENUES:
Net sales		$	2,461,193			$	2,170,445			$	4,818,510			$	4,303,239
Other revenue			4,324				4,362				8,560				8,524
Total revenue			2,465,517				2,174,807				4,827,070				4,311,763
COSTS AND EXPENSES:
Cost of sales			1,408,120				1,266,210				2,738,846				2,497,856
Selling, general and administrative expenses			863,981				775,285				1,689,207				1,530,913
Costs related to debt amendments			—				97				—				97
Depreciation and amortization			86,659				73,133				168,624				143,662
Impairment charges - long-lived assets			—				4,709				8,210				5,552
Other income - net			(9,492	)			(6,165	)			(20,354	)			(15,163	)
Loss on extinguishment of debt			—				—				—				24,644
Interest expense			16,582				19,545				33,231				38,890
Total costs and expenses			2,365,850				2,132,814				4,617,764				4,226,451
Income before income tax expense			99,667				41,993				209,306				85,312
Income tax expense			25,907				11,101				57,032				21,672
Net income		$	73,760			$	30,892			$	152,274			$	63,640
Diluted net income per common share		$	1.15			$	0.47			$	2.37			$	0.98
Weighted average common shares - diluted			64,328				65,039				64,284				65,141

 

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BURLINGTON STORES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(All amounts in thousands)

		August 3,				February 3,				July 29,
		2024				2024				2023
ASSETS
Current assets:
Cash and cash equivalents		$	659,910			$	925,359			$	520,974
Accounts receivable—net			99,659				74,361				80,742
Merchandise inventories			1,222,714				1,087,841				1,161,523
Assets held for disposal			27,963				23,299				5,120
Prepaid and other current assets			247,678				216,164				148,711
Total current assets			2,257,924				2,327,024				1,917,070
Property and equipment—net			2,063,818				1,880,325				1,699,469
Operating lease assets			3,144,169				3,132,768				2,925,595
Goodwill and intangible assets—net			285,064				285,064				285,064
Deferred tax assets			2,190				2,436				2,925
Other assets			68,271				79,223				85,415
Total assets		$	7,821,436			$	7,706,840			$	6,915,538
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	1,017,449			$	956,350			$	773,494
Current operating lease liabilities			388,849				411,395				400,266
Other current liabilities			604,465				647,338				456,075
Current maturities of long term debt			167,892				13,703				13,867
Total current liabilities			2,178,655				2,028,786				1,643,702
Long term debt			1,234,521				1,394,942				1,347,727
Long term operating lease liabilities			3,020,557				2,984,794				2,801,058
Other liabilities			74,092				73,793				70,771
Deferred tax liabilities			243,274				227,593				226,421
Stockholders' equity			1,070,337				996,932				825,859
Total liabilities and stockholders' equity		$	7,821,436			$	7,706,840			$	6,915,538

 

 

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BURLINGTON STORES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(All amounts in thousands)

		Six Months Ended
		August 3,				July 29,
		2024				2023
OPERATING ACTIVITIES
Net income		$	152,274			$	63,640
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization			168,624				143,662
Deferred income taxes			18,831				18,001
Loss on extinguishment of debt			—				24,644
Non-cash stock compensation expense			43,885				36,147
Non-cash lease expense			(3,084	)			(2,993	)
Cash received from landlord allowances			4,491				4,540
Changes in assets and liabilities:
Accounts receivable			(26,304	)			(9,774	)
Merchandise inventories			(134,872	)			20,460
Accounts payable			76,011				(183,775	)
Other current assets and liabilities			(93,564	)			(89,853	)
Long term assets and liabilities			323				1,368
Other operating activities			3,191				3,759
Net cash provided by operating activities			209,806				29,826
INVESTING ACTIVITIES
Cash paid for property and equipment			(360,438	)			(184,752	)
Lease acquisition costs			(575	)			(6,737	)
Net (removal costs) proceeds from sale of property and equipment and assets held for sale			(1,259	)			13,831
Net cash used in investing activities			(362,272	)			(177,658	)
FINANCING ACTIVITIES
Principal payments on long term debt—Term B-6 Loans			(4,807	)			(4,807	)
Principal payment on long term debt—2025 Convertible Notes			—				(133,724	)
Purchase of treasury shares			(137,739	)			(88,056	)
Other financing activities			29,563				16,188
Net cash used in financing activities			(112,983	)			(210,399	)
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents			(265,449	)			(358,231	)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period			925,359				879,205
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period		$	659,910			$	520,974

 

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Reconciliation of Non-GAAP Financial Measures

(Unaudited)

(Amounts in thousands, except per share data)

The following tables calculate the Company’s Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBIT, Adjusted SG&A and Adjusted Effective Tax Rate, all of which are considered non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

Adjusted Net Income is defined as net income, exclusive of the following items, if applicable: (i) net favorable lease costs; (ii) loss on extinguishment of debt; (iii) costs related to debt amendments; (iv) impairment charges; (v) amounts related to certain litigation matters; and (vi) other unusual, non-recurring or extraordinary expenses, losses, charges or gains, all of which are tax effected to arrive at Adjusted Net Income.

Adjusted EPS is defined as Adjusted Net Income divided by the diluted weighted average shares outstanding, as defined in the table below.

Adjusted EBITDA is defined as net income, exclusive of the following items, if applicable: (i) interest expense; (ii) interest income; (iii) loss on extinguishment of debt; (iv) costs related to debt amendments; (v) income tax expense; (vi) depreciation and amortization; (vii) net favorable lease costs; (viii) impairment charges; (ix) amounts related to certain litigation matters; and (x) other unusual, non-recurring or extraordinary expenses, losses, charges or gains.

Adjusted EBIT (or Adjusted Operating Margin) is defined as net income, exclusive of the following items, if applicable: (i) interest expense; (ii) interest income; (iii) loss on extinguishment of debt; (iv) costs related to debt amendments; (v) income tax expense; (vi) impairment charges; (vii) net favorable lease costs; (viii) amounts related to certain litigation matters; and (ix) other unusual, non-recurring or extraordinary expenses, losses, charges or gains.

Adjusted SG&A is defined as SG&A less product sourcing costs, favorable lease costs and amounts related to certain litigation matters.

Adjusted Effective Tax Rate is defined as the GAAP effective tax rate less the tax effect of the reconciling items to arrive at Adjusted Net Income (footnote (e) in the tables below).

The Company presents Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBIT, Adjusted SG&A and Adjusted Effective Tax Rate, because it believes they are useful supplemental measures in evaluating the performance of the Company’s business and provide greater transparency into the results of operations. In particular, the Company believes that excluding certain items that may vary substantially in frequency and magnitude from what the Company considers to be its core operating results are useful supplemental measures that assist in evaluating the Company’s ability to generate earnings and leverage sales, and to more readily compare core operating results between past and future periods.

The Company believes that these non-GAAP measures provide investors helpful information with respect to the Company’s operations and financial condition. Other companies in the retail industry may calculate these non-GAAP measures differently such that the Company’s calculation may not be directly comparable.

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The following table shows the Company’s reconciliation of net income to Adjusted Net Income and Adjusted EPS for the periods indicated:

		(in thousands, except per share data)
		Three Months Ended								Six Months Ended
		August 3,				July 29,				August 3,				July 29,
		2024				2023				2024				2023
Reconciliation of net income to Adjusted Net Income:
Net income		$	73,760			$	30,892			$	152,274			$	63,640
Net favorable lease costs (a)			3,138				3,979				6,108				8,042
Loss on extinguishment of debt (b)			—				—				—				24,644
Costs related to debt amendments (c)			—				97				—				97
Impairment charges - long-lived assets			—				4,709				8,210				5,552
Litigation matters (d)			1,925				1,500				1,925				1,500
Tax effect (e)			(1,336	)			(2,305	)			(4,217	)			(9,605	)
Adjusted Net Income		$	77,487			$	38,872			$	164,300			$	93,870
Diluted weighted average shares outstanding (f)			64,328				65,039				64,284				65,141
Adjusted Earnings per Share		$	1.20			$	0.60			$	2.56			$	1.44

The following table shows the Company’s reconciliation of net income to Adjusted EBIT and Adjusted EBITDA for the periods indicated:
 

		(unaudited)
		(in thousands)
		Three Months Ended								Six Months Ended
		August 3,				July 29,				August 3,				July 29,
		2024				2023				2024				2023
Reconciliation of net income to Adjusted EBIT and Adjusted EBITDA:
Net income		$	73,760			$	30,892			$	152,274			$	63,640
Interest expense			16,582				19,545				33,231				38,890
Interest income			(6,128	)			(4,115	)			(14,200	)			(9,573	)
Net favorable lease costs (a)			3,138				3,979				6,108				8,042
Loss on extinguishment of debt (b)			—				—				—				24,644
Costs related to debt amendments (c)			—				97				—				97
Impairment charges - long-lived assets			—				4,709				8,210				5,552
Litigation matters (d)			1,925				1,500				1,925				1,500
Income tax expense			25,907				11,101				57,032				21,672
Adjusted EBIT			115,184				67,708				244,580				154,464
Depreciation and amortization			86,659				73,133				168,624				143,662
Adjusted EBITDA		$	201,843			$	140,841			$	413,204			$	298,126

 

The following table shows the Company’s reconciliation of SG&A to Adjusted SG&A for the periods indicated:

		(unaudited)
		(in thousands)
		Three Months Ended								Six Months Ended
		August 3,				July 29,				August 3,				July 29,
		2024				2023				2024				2023
Reconciliation of SG&A to Adjusted SG&A:
SG&A		$	863,981			$	775,285			$	1,689,207			$	1,530,913
Net favorable lease costs (a)			(3,138	)			(3,979	)			(6,108	)			(8,042	)
Product sourcing costs			(191,779	)			(182,867	)			(375,015	)			(369,793	)
Litigation matters (d)			(1,925	)			(1,500	)			(1,925	)			(1,500	)
Adjusted SG&A		$	667,139			$	586,939			$	1,306,159			$	1,151,578

 

The following table shows the reconciliation of the Company’s effective tax rates on a GAAP basis to the Adjusted Effective Tax Rates for the periods indicated:

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		(unaudited)
	2	Three Months Ended								Six Months Ended
		August 3,				July 29,				August 3,				July 29,
		2024				2023				2024				2023
Effective tax rate on a GAAP basis			26.0	%			26.4	%			27.2	%			25.4	%
Adjustments to arrive at Adjusted Effective Tax Rate (g)			—				(0.8	)			—				(0.4	)
Adjusted Effective Tax Rate			26.0	%			25.6	%			27.2	%			25.0	%

The following table shows the Company’s reconciliation of net income to Adjusted Net Income for the prior period Adjusted EPS amounts used in this press release for the periods indicated:

 

		(in thousands, except per share data)
		Three Months Ended				Fiscal Year Ended
		October 28, 2023				February 3, 2024
						(53 Weeks)
Reconciliation of net income to Adjusted Net Income:
Net income		$	48,551			$	339,649
Net favorable lease costs (a)			3,788				15,263
Loss on extinguishment of debt (b)			13,630				38,274
Costs related to debt amendments (c)			—				97
Impairment charges			814				6,367
Litigation matters (d)			—				1,500
Tax effect (e)			(2,955	)			(7,770	)
Adjusted Net Income		$	63,828			$	393,380
Diluted weighted average shares outstanding (f)			64,802				64,917
Adjusted Earnings per Share		$	0.98			$	6.06

 

 

(a) Net favorable lease costs represent the non-cash expense associated with favorable and unfavorable leases that were recorded as a result of purchase accounting related to the April 13, 2006 Bain Capital acquisition of Burlington Coat Factory Warehouse Corporation. These expenses are recorded in the line item “Selling, general and administrative expenses” in our Condensed Consolidated Statements of Income.

(b) Fiscal 2023 amounts relate to the partial repurchases of the 2025 Convertible Notes.

(c) Amounts relate to the Term Loan Credit Agreement amendment in the second quarter of Fiscal 2023 changing from Adjusted LIBOR Rate to the Adjusted Term SOFR Rate.

(d) Represents amounts charged for certain litigation matters.

(e) Tax effect is calculated based on the effective tax rates (before discrete items) for the respective periods, adjusted for the tax effect for the impact of items (a) through (d).

(f) Diluted weighted average shares outstanding starts with basic shares outstanding and adds back any potentially dilutive securities outstanding during the period.

(g) Adjustments for items excluded from Adjusted Net Income. These items have been described in the table above reconciling GAAP net income to Adjusted Net Income.

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v3.24.2.u1

Document and Entity Information	Aug. 29, 2024
Cover [Abstract]
Amendment Flag	false
Entity Central Index Key	0001579298
Document Type	8-K
Document Period End Date	Aug. 29, 2024
Entity Registrant Name	BURLINGTON STORES, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-36107
Entity Tax Identification Number	80-0895227
Entity Address, Address Line One	2006 Route 130 North
Entity Address, City or Town	Burlington
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08016
City Area Code	609
Local Phone Number	387-7800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, par value $0.0001 per share
Trading Symbol	BURL
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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