# BURLINGTON STORES, INC. (BURL) — Stock CV

Burlington Stores, Inc. is a $17.4B consumer company. Revenue shrank 13.6% over the last year, it keeps 5¢ of every dollar of sales as profit, and it carries $5.20B of net debt. It trades at 24.4× earnings — near the lowest of its own history.

> Burlington Stores Inc is an off-price retailer offering an extensive selection of in-season, fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats.

## Identity

- **Ticker**: BURL
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Department Stores
- **Headquarters**: BURLINGTON, NJ
- **Employees**: 83 309
- **Website**: https://www.burlington.com
- **Market cap**: $17.4B
- **Last price**: $276.97
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $26.1B
- **Net income**: $1.32B
- **Free cash flow**: -$451M
- **Net debt**: $5.20B
- **P/E**: 24.4
- **Revenue growth (YoY)**: -13.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 54 |
| Profitability | 48 |
| Health | 55 |
| Quality | 50 |
| Moat | 38 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [ ] Revenue growing — -13.6% YoY
- [x] Profitable — $1.32B TTM
- [x] Profit growing — +39.7% YoY
- [ ] Generates cash — -$451M TTM
- [ ] Debt under control — current ratio 1.17
- [x] Established company — $17.4B market cap
- [x] Not printing shares — -4.7% shares over ~5y
- [x] Proven track record — 11/12 profitable years
- [x] Financially stable — Altman Z 2.4 — grey
- [x] Valuation not extreme — P/E 24.4

## Experience (career milestones)

- **FY2026** — Best year on record: $1.32B net income
- **2023** — Following the bankruptcy and closure of all Bed Bath & Beyond stores in the United States, Burlington purchased the…
- **FY2016** — First recorded profitable year: $342M net income
- **FY2016** — Revenue already above $10B: $12.8B in first reported year
- **2016** — Burlington Stores joined the Fortune 500 for the first time
- **2014** — The company changed its name to Burlington Stores to better reflect the breadth of inventory available
- **2007** — It was acquired by Bain Capital in a transaction and in 2008, Tom Kingsbury became president and CEO
- **2006** — The company was purchased by Bain Capital Partners for $2.06 billion
- **1983** — With 31 locations, the company, whose name was Burlington Coat Factory Warehouse Corporation since it was…

## Strengths

- High gross margin (44.6%)
- Interest covered 17.3× by operating earnings

## Watch-outs

- Revenue shrinking 13.6% year over year
- Negative free cash flow (-$451.2M)
- Net debt would take ~30.3 years of free cash flow to repay
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $21.7B | $439M | -$214M |
| FY2024 | $25.0B | $932M | -$548M |
| FY2025 | $27.2B | $1.21B | -$1.25B |
| FY2026 | $28.2B | $1.32B | -$802M |
| FY2027 | $8.71B | $414M | -$425M |

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Source: https://stockcv.com/BURL — derived from company filings; may be delayed or incomplete. Information, not investment advice.