Burlington adds 104 stores, upsizes debt $500M, flags tariff uncertainty after Supreme Court ruling

Filed March 19, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 17, 2025 · ~2 min read

Key Changes

• high

  Store count grew 9% to 1,212 locations; company acquired 178 acres in Arizona for new distribution center opening fiscal 2028, signaling continued western expansion.

  Business: Store Count & Arizona DC verify on EDGAR →
• high

  Net income rose 21% to $610M on 9% sales growth, but comparable store sales slowed to 2% from 4% prior year, indicating softer same-store momentum despite strong unit growth.

  MD&A: Financial Performance verify on EDGAR →
• high

  Term loan upsized by $500M in June 2025 to fund supply chain investments; company exchanged $111M of 2027 convertible notes for $129M cash plus shares at 16% premium.

  MD&A & Notes: Debt Activity verify on EDGAR →