Burlington Stores Q2 FY2026: Net Income Nearly Doubles on Tariff Refunds and Margin Gains
BURL sits 21% above its 52-week low of $240.49 on elevated volume (4.6× avg).
Summary
Burlington Stores reported Q2 FY2026 net income of $184.3 million, nearly double the prior year, driven by 11% sales growth, a $55.5 million tariff refund, and improved gross margin. The 10-Q adds details on share repurchases and a convertible note exchange.
Key Events · Earnings and Guidance · BURL
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Net Income Nearly Doubles
Q2 FY2026 net income rose to $184.3 million from $94.2 million a year ago, with diluted EPS of $2.88 versus $1.47.
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Tariff Refund Boosts Margins
A $55.5 million IEEPA tariff refund reduced cost of sales, lifting gross margin to 46.2% from 43.7% a year ago.
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Sales Growth Accelerates
Net sales rose 11.0% to $2,997.8 million, driven by 149 net new stores and a 2% comparable store sales increase.
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Share Repurchases Continue
The company repurchased 528,185 shares for $167.4 million during H1 FY2026, with $217.6 million remaining under its authorization.
Analysis · BURL · Trade & Services
A standout quarter for Burlington Stores saw net income nearly double to $184.3 million from $94.2 million a year ago. While the headline numbers were already known from this morning's 8-K, the 10-Q adds important texture: a $55.5 million tariff refund boosted gross margin to 46.2%, and the company repurchased $167.4 million of stock while also exchanging $111 million of convertible notes for cash and shares. The results confirm strong operational momentum, though the tariff refund is a one-time benefit that flatters the quarter.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BURL was trading at $290.39 on NYSE in the Trade & Services sector, with a market capitalization of approximately $18.3B. The 52-week trading range was $240.49 to $378.33. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.