Burlington Stores raises full year outlook on strong Q3

For its third quarter to November 3, 2018, Burlington Stores, Inc. reported total sales increase of 13.7 percent to 1,634 million dollars. The company said, new and non-comparable stores contributed an incremental 128 million dollars in sales during the quarter, while comparable store sales increased 4.4 percent, on top of last year’s 3.1 percent comparable store sales increase. Net income increased 71 percent over the prior year period to 77 million dollars or 1.12 dollars per diluted share, while adjusted net income increased 70 percent to 83 million dollars or 1.21 dollars per diluted share.