Burlington Stores’ stock soars as earnings beat expectations. November is off to a ‘solid’ start.


Shares of Burlington Stores Inc. climbed 21% — putting them on track for their biggest one-day gain in a year — after the discount apparel and footwear retailer topped profit and same-store sales expectations for the third quarter while saying the current quarter was off to a “solid” start.

Net income for the quarter to Oct. 28 nearly tripled to $48.6 million, or 75 cents a share, from $16.8 million, or 26 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 98 cents topped the…

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