• Burlington Stores average gross margin for 2023 was 41.25%, a 0.88% increase from 2022.
• Burlington Stores average gross margin for 2022 was 40.89%, a 2.55% increase from 2021.
• Burlington Stores average gross margin for 2021 was 41.96%, a 8.34% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.