Shares of Burlington Stores (BURL) jumped 12% Thursday as the off-price retailer posted better-than-expected results and guidance as consumers hit by high inflation looked for bargains.

The operator of its eponymous stores reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $4.13, with revenue up nearly 5% year-over-year to $3.28 billion. Both exceeded Visible Alpha estimates. 澳洲幸运5官方开奖结果体彩网:Comparable store sales grew 6%, well above the company's previous 🎶outlook of 0% to 2% and the Visible Alpha forecast🧜 of 2.19%.  

CEO Michael O'Sullivan credited the comparable sales gain to the company's "Burlington 2.0" strategy to improve sales and inventory turnover, as well as the "strength of our off-price business model."

O'Sullivan added that the outlook for 2025 is "very uncertain and we will plan and manage our business accordingly," although he argued that "this is the kind of environment where the off-price model is at its best."

The company♛ sees full-year EPS of $8.70 to $9.30, well above expectations🍎.

Burlington Stores shares are about 30% higher over the past year.