Burlington Stores Shares Up 2.8% As Profit, Revenue Top Estimates

Burlington Stores Inc. shares rose 2.8% in premarket trade, after the discount retailer posted better-than-expected fourth-quarter profit and revenue. The company said it had net income of $94.9 million in the period, up from $63.6 million in the year-earlier period. It did not provide a net per-share earnings number, but said adjusted per-share earnings came to $1.43, up from $1.07 a year ago, ahead of the FactSet consensus of $1.32. Revenue rose 11.3% to $1.49 billion, also ahead of the FactSet consensus of $1.47 billion. Same-store sales rose 6.7%, compared with a FactSet consensus of 5.4%. Looking ahead, the company said it expects first-quarter EPS of 36 cents to 40 cents, compared with a current FactSet consensus of 41 cents. Shares have gained 21.2% in the last three months, outperforming the S&P 500's 3.4% gain.