What move does the options market price into Burlington Stores's report?

Implied ±3.7%, either direction.

BURLNYSERetail-Department Stores

Burlington Stores, Inc. (BURL) earnings date, market-implied expected move, and options open interest by expiry

237.04

Closed16:00 ET

Open241.77Volume1.1MMkt cap$14.9BP/E20.87EPS11.36

Day236.90 – 242.013%52-wk226.85 – 378.337%

BURL

Burlington Stores, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.7%implied · report alone

228.33245.85

straddle ±10.4%

spot 237.09exp Nov 27ATM strike 235ATM straddle 29.00IV 56%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 24

before open · in 24 days

est.Q3 FY26

Calendar

Next report

Last report

−7.64%

vs ±7.5% implied · ×1.01

shaded = implied · ▲▼ = realized

Aug 27 '26 · confirmed

Implied vs realized

Largest filed tie

4.50%

of SITE Centers revenue

supplierSITC 10-K

Largest filed tie

13F top-10 QoQ

−1.66%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

656 managers

Top fund weight

0.66%

BURL weight · FTC

N-PORTJul 31 '26

6 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Burlington Stores (BURL) is expected to report on Nov 24 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 27 '26confirmed±7.5%▼−7.64%×1.01

quarterimplied−10%0+10%realized×

Q2 FY26±7.5%▼−7.64%×1.01

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 26 close

2.29OI · 7 expiries · Oct 26 closeP/C open interest · Nov 27 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

232+34%Nov 66d0.131,800+1%0.13

2,631−34%Nov 1313d8.27318+7%8.27

20,624+1%Nov 2020d4.284,8230%4.28

report · Nov 24 · before open · est.

2340%Nov 2727d102+1%

3,945+1%Dec 1848d2.091,884+2%2.09

5,891+146%Jan 1576d2.951,998+1%2.95

932+4%Mar 19139d1.53609+1%1.53

ExpiryPutsCallsP/C

Nov 66d232+34%1,800+1%0.13

Nov 1313d2,631−34%318+7%8.27

Nov 2020d20,624+1%4,8230%4.28

report · Nov 24 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.4%

Funds 4

FTC±0.1%

JEPI±0.1%

MDY±0.1%

VUG±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

6.14%as filednet margin · revenue +5.10% QoQ · +10.99% YoY

Revenue

$3.0B+5.10% QoQ

Gross profit

$1.4B+10.03% QoQ

46.24% margin

Operating income

$251M+65.93% QoQ

8.38% margin

Pre-tax income

$242M+69.71% QoQ

Net income

$184M+60.62% QoQ

6.14% margin

Cost of revenue

$1.6B+1.20% QoQ

Operating expenses

$1.1B+2.40% QoQ

SG&A $1.0B

Depreciation $114M

Other expense

$9M

Tax

$58M+107.03% QoQ

Revenue$3.0B+5.10%

Gross profit

$1.4B+10.03%

46.24% margin

Operating income

$251M+65.93%

8.38% margin

Pre-tax income

$242M+69.71%

Net income

$184M+60.62%

6.14% margin

Cost of revenue

$1.6B+1.20%

Operating expenses

$1.1B+2.40%

SG&A $1.0B

Depreciation $114M

Other expense

$9M

Tax$58M+107.03%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 1 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

CPROF ×1.51· ±2.7% vs ±1.8% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±2.7%5 of 12×1.51

PCEpersonal income & outlays±2.2%9 of 19×1.25

GDPgross domestic product±2.1%10 of 19×1.17

FOMCrate decision±1.8%13 of 24×1.02

PPIproducer prices±1.7%5 of 10×0.97

NFPjobs report±1.5%3 of 10×0.86

CPIconsumer prices±1.4%6 of 10×0.82

Bar = avg |move| to ±3% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 2.88 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 27 '26 · confirmed	2.88	—
Q1 FY26	—	1.79	—
Q3 FY25	—	1.63	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod