Earnings and comparable-store sales results came in far above analysts' expectations, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
The company also boosted its full-year guidance. The retailer continues to "shoot the lights out," Cramer said, adding that discount retailers including AAP holding TJX Companies (TJX) and Ross Stores (ROST) are continuing to do very, very well.
This is a "remarkably well-run retailer," he added about Burlington, and it's no surprise it released such excellent results. But what is amazing to Cramer is the stock is up so much on the news. He said Burlington stock was already up more than 70% coming into Tuesday's trading session.
While retail has been a troubled sector, there are a few categories that continue to do very well ahead of the year's biggest shopping period, Cramer concluded.