Burlington Q2 net income nearly doubles to $184.3M on 11% sales growth, 250bp margin gain

Filed August 27, 2026 · Period ending August 1, 2026 · Compared to 10-Q Aug 28, 2025 · ~2 min read

Key Changes

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  $55.5M tariff refund from Supreme Court ruling on IEEPA authority drove 250bp gross margin expansion to 46.2% in Q2, alongside improved merchandise margin. One-time benefit contributed $41.3M after tax to net income.

  MD&A: Gross Margin / Notes: Tariff Refunds verify on EDGAR →
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  Q2 net income rose 95.7% to $184.3M ($2.88 diluted EPS, +95.9%) on 11.0% revenue growth to $3.0B. Operating income and net income moved in tandem, reflecting operational strength plus the tariff refund.

  MD&A: Net Income / Key Financials verify on EDGAR →
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  Store count expanded 149 net units to 1,287 stores (91 openings in H1 FY26 vs. 44 in H1 FY25), but Q2 comp-store sales decelerated to 2% from 5% prior year despite six-month comps rising to 4%.

  MD&A: Store Expansion / Comparable Store Sales verify on EDGAR →