Burlington Stores (BURL) - Get Report earned $1.26 a share on an adjusted basis in its first quarter, beating analysts' estimates by 1 cent, and same-store sales rose 0.1% vs expectations of a gain of 0.6%.
The stock had declined in premarket trading but at last check was rising 9.6% to $160.02.
Sales in the first quarter rose 7.3% to $1.63 billion and topped forecasts of $1.62 billion.
The retailer said it expects fiscal second-quarter adjusted earnings of $1.11 to $1.15 a share. Analysts surveyed by FactSet expect adjusted profit of $1.13.
Burlington said it expects second-quarter sales to rise 8% to 9%, and same-store sales up 1% to 2%.
For its fiscal year year, Burlington said it expects adjusted earnings of $6.93 to $7.01 a share and same-store sales up 1.3% to 2.1%.