Burlington Stores Stock Soars as Inflation-Weary Shoppers Power Profit, Sales
1. Burlington Stores beat earnings estimates with EPS of $4.13. 2. Revenue grew nearly 5% year-over-year to $3.28 billion. 3. Comparable store sales increased by 6%, exceeding forecasts. 4. Full-year EPS guidance is significantly above expectations. 5. Shares jumped 12% as consumers sought savings amidst inflation.