TacticScaleWhat Burlington Stores Does & How It Makes Money (BURL)
Updated October 2026 · reflects Burlington Stores's latest reported financials
U.S. off-price retailer of discounted branded apparel and home goods. It makes money by selling branded merchandise to consumers through its physical stores, earning the margin between what it pays for the goods and its retail prices.
How Burlington Stores makes money
It makes money by selling branded merchandise to consumers through its physical stores, earning the margin between what it pays for the goods and its retail prices.
What Burlington Stores does
Burlington Stores, Inc. is a U.S. retailer that sells brand-name merchandise through stores in the United States and Puerto Rico. Its range covers women's ready-to-wear, menswear, youth apparel, footwear, accessories, and coats, plus home furnishings, toys, gifts, baby items, and beauty products. Most stores trade under the Burlington Stores name. It also runs stores under the Cohoes Fashions brand in Washington D.C. and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey. It belongs to the apparel retail industry within the consumer cyclical sector.
Products & services
- Burlington Stores
- Cohoes Fashions
- Women's, men's and youth apparel
- Coats and footwear
- Home furnishings and gifts
- Baby and beauty products
What is Burlington Stores worth?
On an owner-earnings DCF, Burlington Stores's most-likely value is about $244 versus a recent price near $277 (12% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$98) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 6.8× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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