Shares of Burlington Stores Inc. climbed 21% — placing them on monitor for his or her largest one-day acquire in a yr — after the low cost attire and footwear retailer topped revenue and same-store gross sales expectations for the third quarter whereas saying the present quarter was off to a “solid” begin.
Net revenue for the quarter to Oct. 28 practically tripled to $48.6 million, or 75 cents a share, from $16.8 million, or 26 cents a share, within the year-ago interval. Excluding nonrecurring gadgets, adjusted earnings per share of 98 cents topped the…
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