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Get filing alertsBurlington raises FY26 EPS guidance to $11.77–$11.97 on Q2 beat, plans tariff refund reinvestment
Filed August 27, 2026 · Period ending August 27, 2026 · ~1 min read
Key Changes
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Q2 adjusted EPS rose 38% to $2.37, marking the 15th consecutive quarter of double-digit EPS growth; adjusted EBIT margin expanded 100 basis points on merchandise margin gains and SG&A leverage.
Exhibit 99.1 view on EDGAR → -
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Raised full-year fiscal 2026 adjusted EPS guidance to $11.77–$11.97 (16%–18% growth vs. prior year $10.17), with comp sales growth of 3%–4% and adjusted EBIT margin expansion of 20–40 basis points.
Exhibit 99.1 view on EDGAR → -
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Received $55 million in tariff refunds during Q2; management plans to reinvest the full amount in sharper pricing for customers in H2 2026 (40% in Q3, 60% in Q4), making the refunds neutral to full-year earnings.
Exhibit 99.1 view on EDGAR → -
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Q2 total sales increased 11% year-over-year to $2,998 million; comparable store sales increased 2% (on top of 5% last year, for a two-year stack of 7%).
Exhibit 99.1 view on EDGAR → -
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Repurchased 270,279 shares for $87 million in Q2 2026, leaving $218 million remaining under current authorization.
Exhibit 99.1 view on EDGAR →
Summary
Burlington delivered a strong Q2 2026, with total sales up 11% to $2,998 million and comparable store sales up 2% (7% two-year stack). Adjusted EPS rose 38% to $2.37, the 15th consecutive quarter of double-digit EPS growth, driven by 100 basis points of adjusted EBIT margin expansion from merchandise margin gains and SG&A leverage.
The company raised full-year fiscal 2026 adjusted EPS guidance to $11.77–$11.97, representing 16%–18% growth. Management received $55 million in tariff refunds during the quarter but chose to reinvest the full amount in sharper customer pricing in the second half (40% in Q3, 60% in Q4), making the refunds neutral to full-year earnings.
This strategic decision prioritizes long-term customer value over a one-time earnings boost. Burlington also repurchased 270,279 shares for $87 million in Q2, demonstrating continued capital return alongside growth investments. The raised guidance and sustained margin expansion underscore the company's ability to convert sales growth into exceptional earnings performance in the off-price retail segment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 28, 2026 · How we verify