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NEW YORK (TheStreet) -- Shares of Burlington Stores (BURL) were advancing 5.73% to $83 in pre-market trading on Thursday after the company posted earnings and revenue that beat analysts' projections for the 2016 second quarter.

Before today's market open, the Florence, NJ-based off-price retailer posted adjusted earnings of 39 cents per share, surpassing analysts' estimates of 30 cents per share.

Revenue rose 9.7% to $1.26 billion year-over-year and was above analysts' expectations of $1.24 billion.

Same-store sales grew 5.4% during the quarter.

"These results were driven by the continued improvement in the execution of our off-price operating model... We believe we are well positioned for the fall season," CEO Tom Kingsbury said in a statement.

Burlington also upped its full-year earnings per share view to be between $2.92 and $2.96, compared to its prior outlook of $2.68 to $2.78 per share. Analysts are looking for earnings of $2.88 for 2016.

Net sales in 2016 are expected to increase 7.8% to 8.3%.

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For the third quarter, the company sees earnings per share between 30 cents and 32 cents, while analysts are expecting earnings of 33 cents per share.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

This is driven by several weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered by the team.

The area that has been the company's primary weakness has been its poor profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BURL

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