On this page of StockholderLetter.com we present the latest annual shareholder letter from Burlington Stores, Inc. — ticker symbol BURL. Reading current and past BURL letters to shareholders can bring important insights into the investment thesis.
2024 Annual REPORT
Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized offprice retailer with Fiscal 2024 net sales of $10.6 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 1,108 stores as of the end of the fourth 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.
TO OUR STOCKHOLDERS: I am pleased to report that Fiscal 2024 was a very successful year for Burlington :[VYLZ HZ ^L KLSP]LYLK Z[YVUN UHUJPHS YLZ\S[Z >L L_LJ\[LK ^LSS HNHPUZ[ V\Y Long-Range Financial Plan goals, which we shared in November of 2023, and ^OPSL ^L HYL VUS` VUL `LHY PU[V [OPZ ]L `LHY WYVNYHT ^L HYL ]LY` WSLHZLK HUK LUJV\YHNLK I` V\Y PUP[PHS WYVNYLZZ [V^HYKZ [OLZL NVHSZ >L HYL SVVRPUN MVY^HYK [V I\PSKPUN VU Z Z\JJLZZ 0 T TVZ[ NYH[LM\S MVY [OL JVU[YPI\[PVUZ VM HSS V\Y (ZZVJPH[LZ HZ [OL` JVU[PU\LK [OLPY ^VYR VU V\Y )\YSPUN[VU Z[YH[LNPJ PUP[PH[P]LZ [V HJOPL]L V\Y M\SS WV[LU[PHS HZ HU V WYPJL YL[HPSLY Fiscal 2024 Highlights1 Burlington s Fiscal 2024 comparable store sales increased 4% on top of 4% comp growth in 2023, while total sales increased 11% VU [VW VM [V[HS ZHSLZ NYV^[O PU 6\Y (KQ\Z[LK ,)0; 4HYNPU PTWYV]LK I` IHZPZ WVPU[Z HUK V\Y (KQ\Z[LK ,7: PUJYLHZLK 2 >L VWLULK UL[ UL^ Z[VYLZ PU -PZJHS HUK YLSVJH[LK VM V\Y VSKLY V]LYZPaLK SVJH[PVUZ ;OLZL TL[YPJZ YLWYLZLU[ ZPNUP JHU[ WYVNYLZZ [V^HYKZ V\Y SVUNLY [LYT UHUJPHS NVHSZ >L L_LJ\[LK [OL V WYPJL WSH`IVVR ^LSS ([ [OL Z[HY[ VM -PZJHS ^L WSHUULK JVTWHYHISL ZHSLZ PU [OL YHUNL VM [V \W HUK HJ[\HSPaLK JVTWHYHISL ZHSLZ H[ 0 ILSPL]L V\Y TLYJOHUKPZPUN [LHT PZ TVYL UPTISL HUK TVYL L_PISL [VKH` [OHU HU` [PTL PU )\YSPUN[VU Z OPZ[VY` >L HYL [YHUZMVYTPUN V\Y Z\WWS` JOHPU HUK YLHSPaPUN L JPLUJPLZ HUK JVZ[ ZH]PUNZ 0U YLHS LZ[H[L ^L YLTHPU VWWVY[\UPZ[PJ HUK [VVR HK]HU[HNL VM OPNO X\HSP[` YLHS LZ[H[L SVJH[PVUZ MYVT KPZ[YLZZLK YL[HPSLYZ HZ [OL` ILJHTL H]HPSHISL +\YPUN [OL `LHY ^L Z[YLUN[OLULK V\Y SPX\PKP[` WVZP[PVU HUK YL[\YULK ZPNUP JHU[ L_JLZZ JHZO [V ZOHYLOVSKLYZ >L ]L PUJYLHZLK V\Y ;LYT 3VHU MHJPSP[` [V TPSSPVU [V HSSV^ \Z [V JVU[PU\L L_LJ\[PUN VU V\Y Z[YH[LNPJ PUP[PH[P]LZ Z\JO HZ NYV^PUN V\Y Z[VYL IHZL HUK V^UPUN JYP[PJHS PUMYHZ[Y\J[\YL SPRL V\Y KPZ[YPI\[PVU JLU[LYZ >L HSZV YL[\YULK TPSSPVU [V ZOHYLOVSKLYZ [OYV\NO ZOHYL I\`IHJRZ )\YSPUN[VU LUKLK -PZJHS ^P[O IPSSPVU PU SPX\PKP[` PUJS\KPUN TPSSPVU PU JHZO HUK UV IVYYV^PUNZ VU V\Y ()3 MHJPSP[` >L ILSPL]L [OH[ V\Y IHSHUJL ZOLL[ PZ ^LSS WVZP[PVULK [V Z\WWVY[ V\Y Z[YH[LNPJ PUP[PH[P]LZ HUK WSHUZ MVY NYV^[O Progress on Burlington 2.0 and our Updated Long-Range Plan 0U 5V]LTILY 0 ZOHYLK HU \WKH[L [V V\Y SVUN YHUNL UHUJPHS TVKLS 5V^ VUL `LHY PU[V V\Y ]L `LHY WSHU 0 MLLS ]LY` NVVK HIV\[ [OL WYVNYLZZ ^L ]L THKL 0U -PZJHS ^L L_LJ\[LK V\Y NYV^[O HSNVYP[OT HUK HJ[\HSPaLK SV^ KV\ISL KPNP[ ZHSLZ NYV^[O TPK ZPUNSL KPNP[ JVTWHYHISL Z[VYL ZHSLZ NYV^[O HUK UL[ Z[VYL VWLUPUNZ >L ^LYL HSZV HISL [V L_WHUK V\Y (KQ\Z[LK ,)0; 4HYNPU I` IHZPZ WVPU[Z KLTVUZ[YH[PUN TLHUPUNM\S WYVNYLZZ HZ ^L Z[YP]L [V HJOPL]L V\Y (KQ\Z[LK ,)0; THYNPU NVHS PU ;OLZL YLZ\S[Z NP]L \Z JVU KLUJL [OH[ V\Y )\YSPUN[VU Z[YH[LNPLZ HYL ^VYRPUN 1 ;OL -PZJHS `LHY PUJS\KLK [OL ^LLRZ LUKLK -LIY\HY` HUK [OL -PZJHS `LHY PUJS\KLK [OL ^LLRZ LUKLK -LIY\HY` -VY W\YWVZLZ VM JVTWHYPZVU [OL -PZJHS ZHSLZ HUK LHYUPUNZ TL[YPJZ PUJS\KLK PU [OPZ SL[[LY HYL JVTWHYLK [V [OL ^LLRZ LUKLK 1HU\HY` 2 -PZJHS (KQ\Z[LK ,)0; 4HYNPU HUK (KQ\Z[LK ,7: L_JS\KL HWWYV_PTH[LS` TPSSPVU HUK TPSSPVU YLZWLJ[P]LS` VM L_WLUZLZ HZZVJPH[LK ^P[O IHURY\W[J` HJX\PYLK SLHZLZ (KKP[PVUHS PUMVYTH[PVU YLNHYKPUN V\Y -PZJHS WLYMVYTHUJL PZ JVU[HPULK PU [OL 4HUHNLTLU[ +PZJ\ZZPVU HUK (UHS`ZPZ VM -PUHUJPHS *VUKP[PVU HUK 9LZ\S[Z VM 6WLYH[PVUZ ZLJ[PVU VM V\Y (UU\HS 9LWVY[ VU -VYT 2 9LMLY [V [OL ZLJ[PVU LU[P[SLK 2L` 7LYMVYTHUJL HUK 5VU .((7 4LHZ\YLZ MVY H YLJVUJPSPH[PVU VM (KQ\Z[LK ,)0; 4HYNPU HUK (KQ\Z[LK 5L[ 0UJVTL [V 5L[ 0UJVTL (KQ\Z[LK 5L[ 0UJVTL PZ KP]PKLK I` V\Y M\SS` KPS\[LK ^LPNO[LK H]LYHNL ZOHYLZ V\[Z[HUKPUN MVY -PZJHS VM [OV\ZHUK HUK MVY -PZJHS VM [OV\ZHUK [V HYYP]L H[ (KQ\Z[LK ,7:
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 • shareholder letter icon 4/3/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/31/2023 BURL Stockholder Letter
 • stockholder letter icon 4/5/2024 BURL Stockholder Letter
 • stockholder letter icon More "Apparel Stores" Category Stockholder Letters
 • Benford's Law Stocks icon BURL Benford's Law Stock Score = 73


BURL Shareholder/Stockholder Letter Transcript:

2024
Annual
REPORT

Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized offprice retailer with Fiscal 2024 net sales of $10.6 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 1,108 stores as of the
end of the fourth 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.

TO OUR STOCKHOLDERS:
I am pleased to report that Fiscal 2024 was a very successful year for Burlington
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Long-Range Financial Plan goals, which we shared in November of 2023, and
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Fiscal 2024 Highlights1
Burlington   s Fiscal 2024 comparable store sales increased 4% on top of 4% comp growth in 2023, while total sales increased 11%
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Progress on Burlington 2.0 and our Updated Long-Range Plan
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Sincerely,
Michael O   Sullivan
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shareholder letter icon 4/3/2025 Letter Continued (Full PDF)
 

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